IDEAS home Printed from https://ideas.repec.org/p/zbw/ifwkie/306420.html
   My bibliography  Save this paper

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/306420/1/107.6_BRICS_FINAL.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.32796/cice.2024.107.7802?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Anna Lührmann & Marcus Tannenberg & Staffan I. Lindberg, 2018. "Regimes of the World (RoW): Opening New Avenues for the Comparative Study of Political Regimes," Politics and Governance, Cogitatio Press, vol. 6(1), pages 60-77.
    2. Daron Acemoglu & Suresh Naidu & Pascual Restrepo & James A. Robinson, 2019. "Democracy Does Cause Growth," Journal of Political Economy, University of Chicago Press, vol. 127(1), pages 47-100.
    3. Boese-Schlosser, Vanessa A. & Edgell, Amanda B. & Hellmeier, Sebastian & Maerz, Seraphine F. & Lindberg, Staffan I., 2021. "How democracies prevail: democratic resilience as a two-stage process," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 28(5), pages 885-907.
    4. Holger Görg & Katrin Kamin, 2021. "Globalisierung trifft Geoökonomie," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(11), pages 854-857, November.
    5. Syed Mansoob Murshed & Brahim Bergougui & Muhammad Badiuzzaman & Mohammad Habibullah Pulok, 2022. "Fiscal Capacity, Democratic Institutions and Social Welfare Outcomes in Developing Countries," Defence and Peace Economics, Taylor & Francis Journals, vol. 33(3), pages 280-305, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kamin Katrin & Bayerlein Michael & Dombrowski Jacqueline, 2023. "Zeitenwende für die Außenwirtschaftspolitik," Wirtschaftsdienst, Sciendo, vol. 103(13), pages 23-26, April.
    2. Boese-Schlosser, Vanessa A. & Eberhardt, Markus, 2023. "How Does Democracy Cause Growth?," Discussion Papers, Research Unit: Transformations of Democracy SP V 2023-501, WZB Berlin Social Science Center.
    3. Gründler, Klaus & Krieger, Tommy, 2021. "Using Machine Learning for measuring democracy: A practitioners guide and a new updated dataset for 186 countries from 1919 to 2019," European Journal of Political Economy, Elsevier, vol. 70(C).
    4. Lars Pelke, 2023. "Reanalysing the link between democracy and economic development," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 26(4), pages 361-383, December.
    5. Henri Njangang & Youssouf Nvuh-Njoya, 2023. "Unravelling the link between democracy and economic complexity: fresh evidence from the Varieties of Democracy data," SN Business & Economics, Springer, vol. 3(3), pages 1-32, March.
    6. Fabio Monteforte & Jonathan R. W. Temple, 2020. "The autocratic gamble: evidence from robust variance tests," Economics of Governance, Springer, vol. 21(4), pages 363-384, December.
    7. Seraphine F Maerz & Amanda B Edgell & Matthew C Wilson & Sebastian Hellmeier & Staffan I Lindberg, 2024. "Episodes of regime transformation," Journal of Peace Research, Peace Research Institute Oslo, vol. 61(6), pages 967-984, November.
    8. Hellmeier, Sebastian & Cole, Rowan & Grahn, Sandra & Kolvani, Palina & Lachapelle, Jean & Lührmann, Anna & Maerz, Seraphine F. & Pillai, Shreeya & Lindberg, Staffan I., 2021. "State of the world 2020: autocratization turns viral," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 28(6), pages 1053-1074.
    9. Krieger, Tommy, 2022. "Measuring democracy," ZEW Discussion Papers 22-063, ZEW - Leibniz Centre for European Economic Research.
    10. Daniel Horn & Hubert Kiss Janos & Sára Khayouti, 2020. "Does trust associate with political regime?," CERS-IE WORKING PAPERS 2013, Institute of Economics, Centre for Economic and Regional Studies.
    11. Edward P. Herbst & Benjamin K. Johannsen, 2020. "Bias in Local Projections," Finance and Economics Discussion Series 2020-010r1, Board of Governors of the Federal Reserve System (U.S.), revised 04 Jan 2021.
    12. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2023. "Populist Leaders and the Economy," American Economic Review, American Economic Association, vol. 113(12), pages 3249-3288, December.
    13. Johannes Blum & Klaus Gründler, 2020. "Political Stability and Economic Prosperity: Are Coups Bad for Growth?," CESifo Working Paper Series 8317, CESifo.
    14. Merkel, Wolfgang & Lührmann, Anna, 2021. "Resilience of democracies: responses to illiberal and authoritarian challenges," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 28(5), pages 869-884.
    15. Feyen, Erik & Alonso Gispert, Tatiana & Kliatskova, Tatsiana & Mare, Davide S., 2021. "Financial Sector Policy Response to COVID-19 in Emerging Markets and Developing Economies," Journal of Banking & Finance, Elsevier, vol. 133(C).
    16. Matteo Aquilina & Giulio Cornelli & Marina Sanchez del Villar, 2024. "Regulation, information asymmetries and the funding of new ventures," BIS Working Papers 1162, Bank for International Settlements.
    17. Shrabani Saha & Kunal Sen, 2019. "The corruption-growth relationship: Do political institutions matter?," WIDER Working Paper Series wp-2019-65, World Institute for Development Economic Research (UNU-WIDER).
    18. Paul Pelzl & Steven Poelhekke, 2023. "Democratization, leader education and growth: firm-level evidence from Indonesia," Journal of Economic Growth, Springer, vol. 28(4), pages 571-600, December.
    19. Yechan Park & Yuya Sasaki, 2024. "Matching $\leq$ Hybrid $\leq$ Difference in Differences," Papers 2411.07952, arXiv.org.
    20. Vu, Trung V., 2020. "Economic complexity and health outcomes: A global perspective," Social Science & Medicine, Elsevier, vol. 265(C).

    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:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:ifwkie:306420. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iwkiede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.