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The Rise of China, India, and Russia: The Building Blocks of a New International System

In: A History of Global Capitalism

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  • Sambit Bhattacharyya

    (University of Sussex)

Abstract

This chapter analyses the spectacular rise of China as a global economic powerhouse. This narrative is entertained in conjunction with the rise of India, Russia, and the BRICS as a group. The chapter discusses ramifications of new international institutions such as the New Development Bank (BRICS Bank), Asian Infrastructure Investment and Development Bank (AIIDB), the Shanghai Cooperation Organisation (SCO), and the Eurasian Economic Union (EAEU). Infrastructure initiative such as the China led Belt and Road (OBOR or BRI) and the Russia–India–Iran North-South corridor is discussed. This analysis is undertaken in the backdrop of Asian Development Bank’s estimate that Asia would need $1.7 trillion annually to sustain its growth momentum.

Suggested Citation

  • Sambit Bhattacharyya, 2020. "The Rise of China, India, and Russia: The Building Blocks of a New International System," Frontiers in Economic History, in: A History of Global Capitalism, edition 1, chapter 0, pages 151-178, Springer.
    • Handle: RePEc:spr:frochp:978-3-030-58736-9_11
    DOI: 10.1007/978-3-030-58736-9_11
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