The BRICS countries – Brazil, Russia, India, China and South Africa – risk losing their international credibility if they don't behave as responsible donors, writes GCAP Russia co-chair Vitaliy Kartamyshev.
These five countries produce about 20% of the world's economic output and account for a growing percentage of official development assistance. But it's clear that the BRIC have “fewer scruples” about how this aid impacts human rights, democracy, women and ethnic minorities.
At a minimum, the BRICS should adopt a set of guiding principles to ensure that they do not uphold political regimes that impoverish communities, exploit natural resources and undermine the development prospects of recipient countries.
At a time when inequality is growing across the globe, Uruguay has managed to dramatically reduce poverty and inequality over the past decade. It now has the most equal income distribution in Latin America.
The country is also working to generate 100% of its electricity needs from renewable sources by 2020.
Social Watch coordinator Roberto Bissio writes that the Uruguayan experience shows that "there are, indeed, viable alternatives to the classical neoliberal formulas" which can be models for the Post-2015 agenda.
Following the 2002 economic crisis, Uruguay chose not to follow the austerity path recommended by multilateral institutions and instead promoted decent work and a social safety net through
emergency cash transfers
active state participation in the economy to promote growth
collective bargaining that led to salary increases and
enforcing labour rights for rural and domestic workers.
Instead of repelling investors, Uruguay's Labour Minister told a recent global gathering of civil society activists in Montevideo that the policies boosted economic growth and coincided with a peak in foreign greenfield investment.
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