Journal Article

BRICS+: a Wake-Up Call for the G7?

Authors

  • Kamin
  • K.; Langhammer
  • R.
Publication Date

The paper explores whether the changing dynamics of the BRICS potentially influence the formation of economic and political blocs and investigates whether BRICS+ can serve as a geoeconomic counterweight to the G7. Evaluating the impact of resource endowment, trade relations, political regimes, and financial market roles of BRICS+ members on the global economic and political landscapes, the article discusses the geopolitical importance of BRICS+ and the G7 responses. We conclude that the BRICS+ serve as a wake-up call for the G7, urging a reassessment of political and economic ties in the face of a changing global scenario.

Info

JEL Classification
F1, F3, F5
DOI
10.32796/cice.2024.107.7802

Key Words

  • BRICS
  • trade
  • financial markets
  • resources
  • geopolitics
  • G7