Year: 2024
Type: article
Abstract: The expansion of BRICS (Brazil, Russia, India, China, South Africa) has become a focal point in global discussions, particularly regarding its implications for Africa. This article critically examines the multifaceted dimensions of the BRICS expansion and its implications for Africa across economic, political, and strategic realms. Drawing upon a comprehensive review of scholarly literature and expert opinions, the economic implications of the BRICS expansion, including opportunities for growth, investment, and development, as well as challenges related to trade imbalances and debt sustainability, are analysed. The article explores how the BRICS engagement influences regional power dynamics, international alignments, and global governance structures. The role of BRICS in advocating multipolarity and institutional, global governance reform is highlighted, while tensions and complexities within the bloc are considered. By synthesising diverse perspectives, the article offers insights into navigating the complexities of BRICS-Africa relations and provides recommendationsfor policymakers and stakeholders to maximise the benefits of this evolving partnership while mitigating risks and vulnerabilities.
Author: Seun Bamidele
Institutions: University of Johannesburg, Federal University Oye Ekiti
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
Funder: European Commission
OpenAlex ID: W4406849482