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Showing posts with the label International Groupings

BRICS: The Evolution, Significance, Initiatives, Challenges, and Contradictions

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  BRICS is a term representing a coalition of five prominent emerging economies: Brazil, Russia, India, China, and South Africa.  These nations have united to establish a distinctive platform fostering cooperation and partnership across diverse sectors.  The acronym BRICS encapsulates this assembly of the world's foremost emerging economies: Brazil, Russia, India, China, and South Africa. In 2001, British Economist Jim O’Neill coined the abbreviation BRIC to characterise the four emerging economies of Brazil, Russia, India, and China.  The formalisation of this alliance took place during the initial gathering of BRIC Foreign Ministers in 2006.  Subsequently, in December 2010, South Africa received an invitation to join BRIC, resulting in the adoption of the acronym BRICS to encompass the expanded group. Headquarters : Shanghai, China Chairmanship: The chairmanship of the forum is rotated annually among the members, in accordance with the acronym B-R-I-C-S. South Africa is the Chai

Global Initiative on Digital Health

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Global Initiative on Digital Health The Global Initiative on Digital Health, a collaboration between India and the World Health Organization (WHO), was launched as part of the G20 summit held in Gandhinagar.  This initiative represents the first such effort on a global scale and is focused on various aspects of digital health. Key objectives of the Global Initiative on Digital Health include: Data Convergence: The initiative aims to bring together data from various sources and platforms to create a more comprehensive and integrated view of health-related information. This can lead to better insights, analysis, and decision-making in the healthcare domain. Health Platform Interface: The initiative seeks to improve the integration and interaction between different health platforms, systems, and technologies. This can enhance the interoperability of digital health solutions and improve healthcare delivery. Investments in Digital Health: The initiative aims to attract investments and s

ACTO: Amazon Cooperation Treaty Organization

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ACTO, the Amazon Cooperation Treaty Organization, is an international entity established to safeguard the Amazon basin and promote its sustainable development through collaborative efforts among its member countries. Formation and Founding Treaty: ACTO's roots trace back to the signing of the Amazon Cooperation Treaty on July 3, 1978. This treaty was crafted and signed by eight countries: Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname, and Venezuela.  The treaty laid the foundation for future cooperation and shared objectives among these nations. Evolution into ACTO: Building upon the commitments outlined in the Amazon Cooperation Treaty, the member countries took a significant step in 1995 by formalising their dedication through the creation of the Amazon Cooperation Treaty Organization (ACTO).  This institution was established to actively pursue and implement the goals set forth in the original treaty, indicating a stronger dedication to regional collaboration and sus

Understanding ASEAN

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What is ASEAN ?             The Association of Southeast Asian Nations (ASEAN), was officially formed on 8th August 1967 in Bangkok, Thailand. The organisation came into existence with the signing of the ASEAN Declaration, also known as the Bangkok Declaration. The original member states or the founding fathers of  ASEAN were Indonesia, Malaysia, the Philippines, Singapore, and Thailand, Brunei Darussalam became a member on 7th January 1984, followed by  Viet Nam on 28th July 1995,  Lao PDR and Myanmar on 23rd July 1997, and  Cambodia on 30th April 1999.  Together, these ten countries constitute the current membership of ASEAN. ASEAN Countries Indonesia Brunei Malaysia Vietnam Philippines Laos Singapore Myanmar Thailand Cambodia           The primary objective of ASEAN is to foster political and social stability within the Asia-Pacific region, especially in the aftermath of colonial rule. By promoting cooperation and understanding among its member states, ASEAN seeks to maintain peace

G20 : A Brief Understanding

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What is G20 ? The Group of Twenty (G20) holds a prominent position as the primary platform for fostering international economic cooperation. Its role is instrumental in shaping and fortifying the global architecture and governance concerning major international economic matters. G20 an informal intergovernmental coalition of 19 countries and the European Union, with participation from representatives of the International Monetary Fund and the World Bank. It encompasses a diverse combination of the world's leading advanced and emerging economies. Together, the G20 members collectively account for approximately 85% of the global Gross Domestic Product (GDP), over 75% of global trade, and encompass around two-thirds of the world's population. Origin of G20:           The origin of the G20 can be traced back to the 1997 Asian Financial crisis when global economic cooperation became evident. In response, the G7, a group of major advanced economies, invited both developed and develop