The Global Economic Governance (GEG) Africa programme is a policy research and stakeholder engagement programme to strengthen the influence of pro-poor African coalitions at global economic governance fora.
Tuesday, 15 May 2007 00:00

The Logic of the B(R)ICSAM Model for G8 Reform

Written by Andrew F. Cooper
CIGI Policy Brief #1
 

In the inaugural policy brief in international governance, CIGI Associate Director Andrew F. Cooper provides reasons for expanding the G8 membership to include the B(R)ICSAM group of emerging economies. In it, he argues that this cluster of countries (Brazil, India, China, South Africa, ASEAN, and Mexico) coincides well with the so-called G5 "outreach" or "dialogue" countries that have been gradually, albeit unevenly, incorporated into the G8 summit process, and that the value of using the B(R)ICSAM term allows for recognition of the individuality of each member of this group of countries, while minimizing sensitivities over previous expansion terms.

Operationally, Cooper makes the case for the inclusion of these core countries on both efficiency and legitimacy. As noted at the outset, all of the core B(R)ICSAM members of the L20 configuration fit the profile of classic big emerging markets and/or regional powerhouses that are becoming increasingly integrated into the world economy. The B(R)ICSAM model for incremental G8 reform seems to have become the best bet for movement. It allows for a sizeable degree of reform without either tipping the balance away from the G8 or raising the bar of expectations too far for other countries.

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