The Economic and Geopolitical Significance of the Brics Nations: A Comparative Analysis of Their Global Influence in the 21st Century
Journal: East African Journal of Business and Economics
Year: 2024

The research investigates how BRICS (Brazil, Russia, India, China, and South Africa) influence global economics and political leadership while noting the opportunities and obstacles the alliance encounters. As a powerful influence in finance and trade globally, BRICS confronts the Western institutions that used to dominate. The collective has challenges from its members' vast economic and political variation, even with important milestones like the setup of the New Development Bank. In addition,