The Evolution and Future of the BRICS: Unbundling Politics from Economics

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

    Research output: Contribution to journalArticlepeer-review

    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.

    Original languageAmerican English
    Pages (from-to)1-15
    Number of pages15
    JournalGlobal Finance Journal
    Volume32
    DOIs
    StatePublished - Jan 1 2017

    Bibliographical note

    Publisher Copyright:
    © 2017

    ASJC Scopus Subject Areas

    • Finance
    • Economics and Econometrics

    Keywords

    • BRICS
    • Economic development
    • Economic growth
    • Political tension
    • Sustainability

    Disciplines

    • Business

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