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BUILDING NEW BRIDGES BETWEEN the LICS of BRICS

BUILDING NEW BRIDGES BETWEEN the LICS of BRICS. K J Joseph CDS Trivandrum. Why BRICS?. Major economies in the South with shared concerns Long association and also cooperation in the Multilateral forums Significant capabilities developed during the past leading to

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BUILDING NEW BRIDGES BETWEEN the LICS of BRICS

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  1. BUILDING NEW BRIDGES BETWEEN the LICS of BRICS K J Joseph CDS Trivandrum

  2. Why BRICS? • Major economies in the South with shared concerns • Long association and also cooperation in the Multilateral forums • Significant capabilities developed during the past leading to • Synergies in capabilities; but yet to be fully exploited • For addressing their own challenges, also for providing an alternative for countries lagging behind

  3. BRICS Context • Wide ranging reforms in the last two decades - But varying returns • Improved growth performance of China and India, where as Brazil, SA and Russia lagging behind • Widening inequalities and achieving broad based development – A common challenge of BRICS • General disenchantment with liberalization in Latin America and Africa in general and B & SA in particular

  4. Recent Trends • Disenchantment with Multilateralism and search for new alternatives including new trade geographies • The focus so far has been on Trade and Investment • But there are obvious limits to Trade and Investment in achieving broad based growth • These limits calls for complementing T&I with building LICS: but studies with strong analytical base and empirical support are missing for providing policy guidance • The Role of LICS is yet to receive the attention that it deserves

  5. LICS in the BRICS • Broad approach of NSI framework is eminently applicable to wide range of countries and situations • Yet the concept of NSI is based on empirical work in developed countries backed by well developed institutional and infrastructure support • Hence NSI is expost in developed countries where as ex ante in developing countries leaving the focus on system construction and promotion

  6. NIS: A Southern Perspective • While there is the need for system construction, the developing countries have evolved substantial capabilities over the years • This is especially true of BRICS • But the achievements are not broad based and remains as enclaves of excellences • Towards addressing the challenges there is the need for • An understanding of the inducement mechanisms, focusing devices along with the processes, outcomes & Challenges

  7. Southern NIS? • Induced by the necessity to develop basic production capabilities : greater focus on Know how and less on know why • Combined outcome of the interaction between DUI and STI Mode: technology import and adaptive R&D • Outcome has been incremental in contrast to radical innovations • Driven by state as the market mechanisms have been under-developed and the pubic sector playing important role. • Confined to select manufacturing industries

  8. Challenges • Evolving a vibrant Innovation system while integrating with the world market • Changing IPR Regime and its Implications • Participation in R&D Outsourcing & implications • Addressing the emerging need for new skill sets • Developing capabilities in emerging new technologies like ICT and harnessing such technologies for achieving broad based development.

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