The demand for global economic governance is increasing in a globalising and increasingly interlinked economy. Yet global governance, a global public good, is currently undersupplied – and this (e.g. lack of global rules on trade, finance and emissions) is harming development.

This report examines the role of BRICs and other groupings in providing global public goods in the future. The report first establishes that that global decision making on trade, climate and finance has been stalling the last decade in part because of the relative rise of BRICS / emerging markets vis-a-vis developed countries and the US in particular. This is evident from an examination of the stalemate in the trade and climate change negotiations. The authors find that the differences between the BRICS and the established powers have so far led to a vacuum in the provision of global governance public goods, which is concerning, but the details differ by types of rulemaking.