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

Katrin Kamin and Rolf J. Langhammer

Open Access Publications from Kiel Institute for the World Economy from Kiel Institute for the World Economy (IfW Kiel)

Abstract: 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.

Keywords: BRICS; trade; financial markets; resources; geopolitics; G7 (search for similar items in EconPapers)
JEL-codes: F1 F3 F5 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-cis and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkie:306420

DOI: 10.32796/cice.2024.107.7802

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