Artikel
Potential geoeconomic and geopolitical consequences of an expanded BRICS
The idea behind the BRICS began as a pure economic concept to acknowledge the growing weight of some major emerging economies. However, when it became a reality, it has evolved into a highly political - and less economic - concept. The BRICS, which has been expanded recently to BRICS+, has become increasingly China-centric with very little interaction among other BRICS members. The recent addition increases the group's heterogeneity, with some members being major oil exporters and others needing external funding. The group seems increasingly focused on the reform of the international monetary system, which now rests on the Bretton Woods Institutions, to give more power to emerging economies. Given the large heterogeneity among the BRICS+ members and China's increasingly central role, how India may react poses another important risk to the group's future.
- Language
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Englisch
- Bibliographic citation
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Journal: EconPol Forum ; ISSN: 2752-1184 ; Volume: 25 ; Year: 2024 ; Issue: 1 ; Pages: 5-9
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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García Herrero, Alicia
- Event
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Veröffentlichung
- (who)
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CESifo GmbH
- (where)
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Munich
- (when)
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2024
- Handle
- Last update
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10.03.2025, 11:47 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- García Herrero, Alicia
- CESifo GmbH
Time of origin
- 2024
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