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Resource powers? Minerals, energy and the rise of the BRICS

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  • Jeffrey D. Wilson

Abstract

The rise of new economic powers has seen increasing attention focused on the international role of the BRICS countries. Importantly, a common feature uniting the BRICS is that they are all resource-rich, and many analysts (and some BRICS governments) have argued that natural resources are one of the key factors propelling the rise of the group. This article explores the BRICS’ emerging status as ‘resource powers’, examining how resource wealth underpins their economic development and foreign policy strategies, and thus contributes to their growing influence in international affairs. It is argued that through the use of nationalistic mining and energy policies, the BRICS governments have exploited natural resources for both domestic economic and international diplomatic objectives. However, there are several challenges and emerging risks facing the BRICS’ resource strategies, which mean that resource wealth is making a positive – though inherently limited – contribution to the growing international status of the group.

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  • Jeffrey D. Wilson, 2015. "Resource powers? Minerals, energy and the rise of the BRICS," Third World Quarterly, Taylor & Francis Journals, vol. 36(2), pages 223-239, February.
    • Handle: RePEc:taf:ctwqxx:v:36:y:2015:i:2:p:223-239
    DOI: 10.1080/01436597.2015.1013318
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    Cited by:

    1. Zaman, Rafia & Brudermann, Thomas, 2018. "Energy governance in the context of energy service security: A qualitative assessment of the electricity system in Bangladesh," Applied Energy, Elsevier, vol. 223(C), pages 443-456.
    2. Liu Sicen & Anwar Khan & Allauddin Kakar, 2022. "The Role of Disaggregated Level Natural Resources Rents in Economic Growth and Environmental Degradation of BRICS Economies," Biophysical Economics and Resource Quality, Springer, vol. 7(3), pages 1-14, September.
    3. Opeoluwa Seun Ojekemi & Mehmet Ağa & Cosimo Magazzino, 2023. "Towards Achieving Sustainability in the BRICS Economies: The Role of Renewable Energy Consumption and Economic Risk," Energies, MDPI, vol. 16(14), pages 1-18, July.
    4. Yasmeen, Rizwana & Huang, Haiping & Shah, Wasi Ul Hassan, 2024. "Assessing the significance of FinTech and mineral resource depletion in combating energy poverty: Empirical insights from BRICS economies," Resources Policy, Elsevier, vol. 89(C).
    5. Srivastava, Nidhi, 2023. "Trade in critical minerals: Revisiting the legal regime in times of energy transition," Resources Policy, Elsevier, vol. 82(C).
    6. Sebri, Maamar & Dachraoui, Hajer, 2020. "Resources bless BRICS," MPRA Paper 100423, University Library of Munich, Germany.
    7. Bano, Sadia & Liu, Lu & Khan, Anwar, 2022. "Dynamic influence of aging, industrial innovations, and ICT on tourism development and renewable energy consumption in BRICS economies," Renewable Energy, Elsevier, vol. 192(C), pages 431-442.
    8. Ullah, Farid & Cai, Helen Huifen & Yuan, Qiong & Ul-Haq, Jabbar, 2024. "Plenty of resources and energy security risk nexus: Evidence from BRICS economies," Resources Policy, Elsevier, vol. 92(C).
    9. Alexander N. Alekseev & Aleksei V. Bogoviz & Ludmila P. Goncharenko & Sergey A. Sybachin, 2019. "A Critical Review of Russia s Energy Strategy in the Period until 2035," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 95-102.
    10. Aleksei V. Bogoviz & Yulia V. Ragulina & Svetlana V. Lobova & Alexander N. Alekseev, 2019. "A quantitative Analysis of Energy Security Performance by Brazil, Russia, India, China, and South Africa in 1990-2015," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 244-250.
    11. Vivoda, Vlado & Matthews, Ron & McGregor, Neil, 2024. "A critical minerals perspective on the emergence of geopolitical trade blocs," Resources Policy, Elsevier, vol. 89(C).
    12. Hajer Dachraoui & Maamar Sebri & Mahmoud M. A. Dwedar, 2021. "Natural Resources and Illicit Financial Flows from BRICS Countries," Biophysical Economics and Resource Quality, Springer, vol. 6(1), pages 1-13, March.
    13. Ugo Finardi & Andrea Buratti, 2016. "Scientific collaboration framework of BRICS countries: an analysis of international coauthorship," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(1), pages 433-446, October.
    14. Junaid Ashraf, 2022. "Do political risk and globalization undermine environmental quality? Empirical evidence from Belt and Road Initiative (BRI) countries," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3647-3664, December.

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