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BRICS: where next?

A lot of the BRICS stuff in textbooks and articles is getting a bit old now, so I'm grateful for this update from Economics Observatory. It highlights how China's dominant role within the group has reshaped global economic power and explores the BRICS' evolution from a loose association to a more structured entity with institutional mechanisms like the New Development Bank and the Contingent Reserve Arrangement. It looks at concerns over the potential expansion of the BRICS to include countries like Saudi Arabia, Iran, and Turkey, which could shift the group towards more authoritarian and nationalist agendas. The piece also addresses the broader implications of such shifts for global economic and political orders, emphasising the need for cooperative global governance and institutional reform. Handy for teaching international economics.

Notes frame below:

BRICs notes
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