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BRICS Could Lead a New Development Economics Based on Resilience and Innovation

BRICS pode liderar nova economia do desenvolvimento baseada em resiliência e inovação
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentSustainable Development

Source: Brasil 247 | Original Published At: 2026-08-12 09:46:54 UTC

Key Points

  • Nilanjan Ghosh argues that BRICS expansion should be assessed by its ability to strengthen the Global South's influence over development priorities and financing.
  • The analysis calls for investment assessments that recognize avoided climate losses and long-term social and environmental benefits.
  • Ghosh emphasizes integrating physical infrastructure, digital networks, institutions and communities to increase their combined development impact.
  • He identifies scientific innovation, local knowledge and institutional solutions as forms of 'Ingenuity Capital' essential to development.
  • The article proposes that BRICS connect universities, research centers, businesses, governments and financial institutions to share and scale locally developed solutions.
  • It advocates development metrics that capture climate resilience, connectivity, technological capabilities, environmental quality and social well-being.
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