The BRICS Engine: Industrial Profiles and Trade Dynamics

Vasilii Erokhin (), Tianming Gao () and Maxim Chernyaev ()
Additional contact information
Vasilii Erokhin: Harbin Engineering University, School of Economics and Management
Tianming Gao: Harbin Engineering University, School of Economics and Management
Maxim Chernyaev: RUDN University

Chapter Chapter 2 in International Trade and Economic Development in BRICS, 2026, pp 19-49 from Springer

Abstract: Abstract The ongoing reconfiguration of the global economic order, marked by a decisive shift towards multipolarity, underscores the critical importance of understanding the BRICS bloc (Brazil, Russia, India, China, and South Africa). This chapter examines the industrial profiles and trade dynamics that underpin this transformative alliance. It posits that the BRICS economies form a complementary but asymmetric mosaic, wherein a clear division of labor exists between resource-exporting and manufacturing-centric nations. While this complementarity provides a foundation for substantial trade flows, it simultaneously engenders structural vulnerabilities and a core-periphery dynamic that potentially impedes deeper economic integration and sustainable development within the bloc. The analysis delineates the strategic pivot of BRICS from basic commodity exchange towards an ambitious partnership focused on de-dollarization, the construction of resilient supply chains, and the development of shared financial institutions. Nevertheless, this pursuit of strategic autonomy is confronted by formidable challenges, including geographical and logistical barriers, divergent regulatory frameworks, internal competitive pressures, and the overarching asymmetry of China’s economic influence. The chapter concludes that the bloc’s long-term coherence and its capacity to function as a viable alternative in the global economic architecture will depend on its ability to transcend mere complementarity. This necessitates a concerted shift towards constructed advantage through collaborative innovation, balanced technological development, and deeper institutional integration, the success of which will profoundly influence the trajectory of contemporary globalization.

Keywords: BRICS; Comparative advantage; Economic asymmetry; Industrial specialization; International trade; Multipolarity (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-981-95-8801-5_2

Ordering information: This item can be ordered from
http://www.springer.com/9789819588015

DOI: 10.1007/978-981-95-8801-5_2

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().