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The evolution and future of the BRICS: Unbundling politics from economics

Author

Listed:
  • Shahrokhi, Manuchehr
  • Cheng, Huifang
  • Dandapani, Krishnan
  • Figueiredo, Antonio
  • Parhizgari, Ali M.
  • Shachmurove, Yochanan

Abstract

Under the current global forces, economics muddled with politics is exerting undue pressures on the BRICS countries and is challenging the sustainability of their accord. Unanticipated problems are increasingly inhibiting economic and social prosperity. This paper analyzes the current difficulties that the BRICS are facing, scrutinizes their unique individual economic and political environments, and ventures to anticipate their prospects. Our consensus is that the future prosperity of these countries depends not only on their individual political and economic environments, but also on the major global powers. Furthermore, the current inevitable interconnectivity of politics and economics provides foresight into their future role on the world stage.

Suggested Citation

  • Shahrokhi, Manuchehr & Cheng, Huifang & Dandapani, Krishnan & Figueiredo, Antonio & Parhizgari, Ali M. & Shachmurove, Yochanan, 2017. "The evolution and future of the BRICS: Unbundling politics from economics," Global Finance Journal, Elsevier, vol. 32(C), pages 1-15.
    • Handle: RePEc:eee:glofin:v:32:y:2017:i:c:p:1-15
    DOI: 10.1016/j.gfj.2017.03.002
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    References listed on IDEAS

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    Cited by:

    1. Leovardo Mata Mata & José Antonio Núñez Mora & Ramona Serrano Bautista, 2021. "Multivariate Distribution in the Stock Markets of Brazil, Russia, India, and China," SAGE Open, , vol. 11(2), pages 21582440211, April.
    2. Rebeca Jiménez‐Rodríguez & Amalia Morales‐Zumaquero, 2020. "BRICS: How important is the exchange rate pass‐through?," The World Economy, Wiley Blackwell, vol. 43(3), pages 781-793, March.
    3. Cepni, Oguzhan & Emirmahmutoglu, Furkan & Guney, Ibrahim Ethem & Yilmaz, Muhammed Hasan, 2023. "Do the carry trades respond to geopolitical risks? Evidence from BRICS countries," Economic Systems, Elsevier, vol. 47(2).

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    More about this item

    Keywords

    BRICS; Economic growth; Economic development; Political tension; Sustainability;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • F0 - International Economics - - General
    • G0 - Financial Economics - - General
    • K2 - Law and Economics - - Regulation and Business Law
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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