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

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  • Kamin, Katrin
  • Langhammer, Rolf J.

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.

Suggested Citation

  • Kamin, Katrin & Langhammer, Rolf J., 2024. "BRICS+: a Wake-Up Call for the G7?," Open Access Publications from Kiel Institute for the World Economy 306420, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkie:306420
    DOI: 10.32796/cice.2024.107.7802
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    References listed on IDEAS

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    More about this item

    Keywords

    BRICS; trade; financial markets; resources; geopolitics; G7;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F3 - International Economics - - International Finance
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

    NEP fields

    This paper has been announced in the following NEP Reports:

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