Four of the world’s fastest growing economies — Brazil, Russia, India and China, the so-called BRIC nations — have a special forum at SIPA: the BRICLab.
Representing 40 percent of the world’s population, these four nations are a driving force in emerging markets. The BRICLab examines their increasing influence on global affairs and the implications of their growing power through a combination of classes, executive programs, and conferences.
“The BRICs have the potential to transform the world,” says Provost John H. Coatsworth. “It is important to understand the consequences of that emergence from a multi-disciplinary angle. That is where SIPA plays an important role — by serving as a forum for these studies.”
The BRICLab promotes SIPA and Columbia University as a destination for current and future BRIC leaders to discuss topics important to their nations’ development. It also draws on SIPA and the University’s other wells of expertise, including the Center on Global Economic Governance, the Institute of Latin American Studies, the Center for Brazilian Studies, the Harriman Institute, the South Asia Institute, the Weatherhead East Asia Institute, and other forthcoming initiatives at SIPA.
SIPA is uniquely qualified to host the BRICLab, says Professor Deseglise, “due to its multidisciplinary and global approach, its unique curriculum and international network, and its existing focus on emerging markets. The strength and dynamism of BRIC's economies is generating strong sales and profit growth for companies based in emerging markets as well as in developed markets."
“The last 10 years have seen the transformation of peripheral forces into major players in the international arena,” says Professor Troyjo. “BRICs enjoy a special status thanks to their economic and political clout. At the BRICLAB we examine the strategic, political and economic consequences of the rise of BRIC, especially by analyzing their projects for power, prosperity and prestige."
The BRICLab at SIPA offers a 14-week graduate course, special sessions with guest speakers, Executive Education programs, and annual conferences for policymakers, business and academic leaders, and students.