City Research Online

Abstract

We consider the room and case for trade and supply chain integration among BRICS+ countries. We describe a scenario based on these emerging countries’ dissatisfaction with a unipolar world that they see as biased against their growth. The BRICS+ countries view themselves as vulnerable to financial and other geo-politically motivated Western actions. Developing countries find it risky to be overly dependent on Western financial infrastructure despite seeking development aid from the West. Moreover, they perceive the threat of being abruptly cut out from world trade. Some of the larger emerging economies banded together to find ways to reduce their economic risks, leveraging their growing economies. The resulting BRICS (and now BRICS+) a#liation aims to push for a multipolar world order that could shape supply networks and global supply chains in the coming decades.

Publication Type:	Book Section
Additional Information:	This chapter has been published under a CC BY-NC-ND 4.0.
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Departments:	Bayes Business School Bayes Business School > Faculty of Management
SWORD Depositor:	Symplectic Administrator

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