What is the ultimate goal of the BRICS Think Tank Council?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer
To provide research-based insights for shaping BRICS Summit discussions and policies
Explanation
The ultimate goal of the BRICS Think Tank Council (BTTC) is to provide research-backed analysis, objective insights, and policy recommendations to guide the leadership and decision-making processes during BRICS Summits. Formed as an institutional network of premier academic and policy research centers from member countries, the council acts as a bridge between scholastic research and actual policy-making. It identifies strategic tracks of cooperation, evaluates long-term socio-economic developments, and delivers actionable blueprints to shape the multilateral group's official declarations and joint initiatives.
Key Points
The council facilitates exchange between think tanks and research institutions across member countries, driving intellectual consensus on critical global issues.
Instead of binding regulations, the council's focus is on Track-II diplomacy, providing strategic foresight on financial reform, trade, investment, and sustainable development.
By analyzing shared economic challenges, the council assists in identifying cooperative ventures, serving to strengthen bargaining power and voices of the Global South in international forums.
Additional Facts
The decision to officially form the BRICS Think Tank Council was institutionalized during the Durban Summit in South Africa in 2013 to coordinate policy studies.
Each member nation designates an official nodal research institution to represent them in the council, such as the Observer Research Foundation (ORF) for India.
The council produces the 'BRICS Long-Term Strategy' reports, which evaluate potential areas of collaboration across multiple sectors over extended timelines.
Important Questions
Question: In which year and during which summit was the BRICS Think Tank Council officially formed by the member countries?
Answer: 2013, during the 5th BRICS Summit in Durban, South Africa.
Question: Which prominent Indian public policy organization acts as the designated nodal institute for the BRICS Think Tank Council?
Answer: Observer Research Foundation (ORF).