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BRICS-Plus
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BRICS-Plus

Alternative Globalization in the Making?


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Editorial Rating

8

Qualities

  • Overview
  • Visionary
  • Hot Topic

Recommendation

Rising protectionism in the developed world has some nations focusing on their own self-interests at the expense of global trade integration. In contrast, Brazil, Russia, India, China and South Africa (BRICS) are shaping a new framework that forms overlapping circles of trade alliances with other developing countries. This intriguing article from the Russian think tank Valdai Group advocates for a “BRICS-plus” initiative, though it largely overlooks the enormous difficulties in confederating non-BRICS countries with potentially conflicting goals. Nonetheless, getAbstract recommends it to anyone interested in a different approach to globalization.

Take-Aways

  • The BRICS nations – Brazil, Russia, India, China and South Africa – are re-energizing regional integration and expanding global alliances.
  • China is leading a transformation of the BRICS infrastructure beyond the original group into the “BRICS+ circle.”
  • Multioption trade and investment arrangements would include 35 countries across several continents. 

About the Author

The Valdai Discussion Club is a Moscow-based think tank.