The Economic and Geopolitical Significance of the Brics Nations: A Comparative Analysis of Their Global Influence in the 21st Century

Enrico Moch

doi:10.37284/eajbe.7.2.2310

Enrico Moch, PhD IIC University of Technology Cambodia

DOI: https://doi.org/10.37284/eajbe.7.2.2310

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الملخص

The research investigates how BRICS (Brazil, Russia, India, China, and South Africa) influence global economics and political leadership while noting the opportunities and obstacles the alliance encounters. As a powerful influence in finance and trade globally, BRICS confronts the Western institutions that used to dominate. The collective has challenges from its members' vast economic and political variation, even with important milestones like the setup of the New Development Bank. In addition, outside influences from political tensions, mainly with the G7 and global competition, obstruct detailed cooperation. This research examines how the future of BRICS might develop, especially with the BRICS+ initiative, which is designed to include members from the Global South. The growth shows BRICS's purpose to shape global governance more strongly. The study recognizes a requirement for better political and economic integration among BRICS and points out that greater collaboration within the group may promote sustainable growth and financial strength. Limitations in methodology and data quality are recognized along with time constraints relating to the trustworthiness of macroeconomic information from the BRICS countries. This study ends by suggesting ways to enhance BRICS collaboration and identifies new research inquiries regarding the alliance's future direction and its impact on a more diverse world order

التنزيلات

بيانات التنزيل غير متوفرة بعد.

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