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BRICS Expansion and Human Capital Development
Will BRICS + SIX invest in bridging the leadership gaps in emerging economies?
BRIC (Brazil, Russia, India, and China) was formed in 2009 to increase trade and economic cooperation among its member states.
In 2010, BRIC became BRICS by adding South Africa into the mix.
This year, in its 15th Summit in Johnsburg, South Africa, BRICS nations invited six new member states:
- Argentina,
- Egypt,
- Ethiopia,
- Iran,
- Saudi Arabia, and
- The United Arab Emirates.
BRICS is no more a club with exclusive membership. Up to now, though BRICS’s mandate incudes increasing cooperation among emerging economies, it didn’t have a single member from the Middle East.
In 2024, on top of three countries in the Middle East, BRICS will add two more African countries from the east and north, and one more nation from South America.
These six emerging economies are set to join BRICS in January 2024. BRICS also signaled further expansion next year.
By taking this critical step, BRICS now truly represents the global south. This is very significant…
BRICS has already taken initiatives to fulfill its mandate of bringing sustainable development through economic cooperation among its member states.
For instance, BRICS established the New Development Bank (NDB) in 2014. NDB aims to finance projects and initiatives to help emerging economies in the south and east attain sustainable development and, in turn, usher a bright future for their citizens.
The bank has six focus areas:
- Clean energy and energy efficiency
- Transport infrastructure
- Water and sanitation
- Environmental protection
- Social infrastructure
- Digital infrastructure
We hope that BRICS + SIX invest in Human Capital and NDB incorporates Human Capital development as one of its future focus areas.
Sustainable development requires raising world-class leaders at all levels. The above six focus areas need competent leaders both in quantity and quality who contribute their fair share to bring true transformation within a short period.
We, at PRO Leadership, would love you to join us…
- If you share our cause and vision, why don’t you join us?
- If you would like to see world-class leaders in your community who build bridges rather than erect walls and create barriers, why not join the movement?
- If you would like us to work with you in designing and executing exchange programs for your institution or community, don’t hesitate to ask.
Reach out via [email protected]
We look forward to chatting with you and seeing how you may be involved according to your passion, talent, and experience.
The Missing Link
Have you ever asked what many emerging organizations and countries might be lacking to experience true transformation?
Experience exchange has been one of the ways leaders of organizations and nations have been using to bring transformation into their organizations and countries.
Many organizational and national leaders from emerging economies visit highly performing organizations and nations to learn from their experiences.
It is a smart move:
- Why reinvent the wheel?
- Why not shorten the learning curve?
It makes sense.
However, if it is done wrongly, experience sharing may not benefit both the hosting and visiting leaders. It may not lead to true transformation…
Let me just give you one example.
Many organizations and countries from emerging economies send their high-level delegates, almost every year, to learn from the transformational experiences of formerly emerging economies such as Japan, South Korea, and Singapore…
As you already know the facts on the ground, we don’t yet have so many emerging economies who benefited from the exchange. They’re not getting the ROI to their efforts and expenses.
Except in a few cases, most exchange programs have been done wrongly. They were ineffective and rendered mediocre and marginal results.
One missing link that is coming in the way preventing many organizations and countries from experiencing true transformation is the lack of context…
The trend we have seen from such experience exchanges is that the visiting leaders focused on:
- Policies,
- Processes and Systems, and
- Technologies that contributed toward the transformation of the hosting countries.
These are important lessons to draw but they aren’t transformational. Implementing the policies, systems, and technologies these transformed countries have been using to get where they’re today can’t bring lasting transformation.
There must be a missing link…
That missing link is the context. Many leaders ignore or undermine the underlining environment that fostered the transformation in these former emerging economies.
Policies, processes, systems, technologies, and so on alone can’t bring lasting transformation…
That is why PRO Leadership is committed to designing effective and holistic leadership exchange programs that deliver lasting transformation.
We also ensure that the hosting countries’ leaders benefit from the exchanges. So far, it has been a one-way street.
That is why it hasn’t been effective and unsustainable. The exchange should be a win-win. All parties should have skin in the game.
- If you share our cause and vision, why don’t you join us?
- If you would like to see world-class leaders in your community who build bridges rather than erect walls and create barriers, why not join the movement?
- If you would like us to work with you in designing and executing exchange programs for your institution or community, don’t hesitate to ask.
Reach out via [email protected]
We look forward to chatting with you and seeing how you may involve according to your passion, talent, and experience.
D5 Creation