Why Does Argentina Want to Join the BRICS?
Will Argentina join the BRICS? The member countries will be discussing the issue at their summit in July. Specialists at the HSE Institute for Statistical Studies and Economics of Knowledge ISSEK are studying the innovation potential of the BRICS countries. Senior Research Fellow Stanislav Zaichenko discusses what might be the impact of Argentina’s membership.
Argentina’s economy still has many agrarian features. Innovative growth was significantly undermined by the crisis in the early 2000s and a decline in production in the beginning of the current decade. According to the Global Innovation Index Argentina has many characteristics that could put it on the BRICS list, for example by dynamic spending on R&D and patenting activity, etc.
At the moment, set alongside the BRICS Argentina shows quite high potential in areas like energy (including nuclear and alternative energies) in ICT, healthcare and others. In this context, increasing ties and foreign trade and financial links, primarily with Brazil and South Africa could provide important investment in Argentina’s economic growth.
Despite several differences in scale and structure between Argentina’s economy and the BRICS (for example in foreign debt), in their promising future prospects they have a lot in common. Like the BRICS, Argentina is faced with the challenges of 'new industrialisation', 'smart specialisation' (in export policy and regional internal markets) and proactive designs for new aspects of socio-economic development.
By Stanislav Zaichenko, Senior Research Fellow of the ISSEK
On December 3, HSE marked ‘Russian Universities’ Day’ – an event held during the BRICS University summit organized by Times Higher Education and the 5/100 Project for Raising the Competitiveness of Russia’s Leading Universities among the top global higher education institutions.
On 3-4 December 2014 the inaugural BRICS and Emerging Economies Universities Summit will take place in Moscow. On 3 December the HSE will host its ‘Russian Universities Day’.
A HSE Institute of Education seminar on September 16, saw the launch of the Russian-language book Mass higher education – BRIC triumph? by HSE publishing house (the English original, University Expansion in a Changing Global Economy, Triumph of the BRICs? was published last year by Stanford University Press). Attendees discussed development trends in higher education.
For 8 years ISSEK has been participating in an international project to study the specific features of BRICS’s national innovation systems (NIS). Earlier this spring the participants gathered to discuss the project’s new phase.
A group of Chinese and Russian higher education institutions, including the Higher School of Economics, have initiated the creation of a BRICS League of Universities. The League aims to become a platform for academic and expert cooperation, comparative research, and international educational projects.