Abstract
Amongst the examples of structures filling up the spectrum of relationships between states and non-state actors in global governance, one can distinguish informal forums of international co-operation. The core position amongst them is occupied by the G20. This chapter is devoted to the issue of participation of the European Union and the BRICS nations in the G20 summits. The question arises of what roles are designed for the EU institutions. The analysis is conducted under post-Lisbon legal order and uses principal-agent model. Attention is also drawn to the BRICS group as the leading emerging economies and political powers at the regional and international level extending their influence in the G20. This chapter highlights the increasing activity of emerging economies in the Group of Twenty and explores the possibility of developing co-ordinated positions by the BRICS members in the G20 summits.
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- 1.
The European Communities known also as the European Community or EC, were three international organisations that were governed by the same set of institutions. In 1993 the Communities were incorporated into the European Union, and they became its first pillar. After enering into force the Treaty of Lisbon in 2009, EC was dissolved into the European Union, becoming the legal successor to the Community.
- 2.
Austria, Andorra, Anguilla, Antigua and Barbuda, Aruba, Bahamas, Bahrain, Belgium, Belize, Bermuda, the British Virgin Islands, the Cayman Islands, the Cook Islands, Cyprus, Dominica, Gibraltar, Grenada, Guernsey, the Isle of Man, Jersey, Liberia, Luxembourg, Liechtenstein, Malta, the Marshall Islands, Mauritius, Monaco, Monserrat, Nauru, the Netherlands Antilles, Niue, Panama, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and Grenadines, Samoa, San Marino, the Seychelles, the Turks and Caicos Islands, the US Virgin Islands, Vanuatu.
- 3.
J. O’Neill, Building Better Global Economic BRICs, Global Economics Paper 66, 30 November 2001. See also the BRICs Dream: Web Tour; http://www2.goldmansachs.com/brics/brics_intro.html. It this worth noting that the concept of the BRICS group dates back to the first half of the 1990s as the immediate consequence of the end of bipolarity. For example, in Russia, former Foreign Minister of the Russian Federation, Yevgeni Primakov, in 1996, presented a doctrine of multi-polarity. He focused on reviving cordial relationships with India, developing friendly relationships with China and proposed establishing a tripod centre of economic co-operation (Russia–India–China) as an alternative to the European/Western expansion after the Cold War. See. Y. Primakov (1996), pp. 3–13.
- 4.
At the G20 summit in London, member countries decided on pursuing a huge financial programme aimed at restoring credit, growth and jobs in the world economy. They pledged to supply an additional USD 1.1 trillion to such institutions as the IMF (USD 500 billion in new resources available for lending plus USD 250 billion for new SDR allocation), and multilateral development banks (USD 100 billion for emerging markets and developing countries plus USD 250 billion to support trade finance). These resources, according to the G20 decision, were made available through more flexible mechanisms to countries in need.
- 5.
See chapter “The BRICS in the Global Order: A New Political Agenda?.”
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Rewizorski, M. (2015). Participation of the European Union and the BRICS in the G20. In: Rewizorski, M. (eds) The European Union and the BRICS. Springer, Cham. https://doi.org/10.1007/978-3-319-19099-0_5
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