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

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 t...

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Bibliographic Details
Published in:	Global finance journal Vol. 32; pp. 1 - 15
Main Authors:	Shahrokhi, Manuchehr, Cheng, Huifang, Dandapani, Krishnan, Figueiredo, Antonio, Parhizgari, Ali M., Shachmurove, Yochanan
Format:	Journal Article
Language:	English
Published:	Elsevier Inc 01-02-2017
Subjects:	BRICS Economic development Economic growth Political tension Sustainability BRICS P5 Economic growth Sustainability K2 G0 F0 E0 Economic development Political tension
Online Access:	Get full text
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Summary:	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.
ISSN:	1044-0283 1873-5665
DOI:	10.1016/j.gfj.2017.03.002