Expanded BRICS: searching for common ground in growth challenges

Today, BRICS stands as a centre of gravity for rapidly developing nations of the Global Majority, now comprising ten countries with Saudi Arabia participating as an invited member. What sets this group apart is its ability to bring together nations with diverse economic structures, spread across various continents, yet united by their rising influence on global geopolitics and economy.

🕊🕊🕊🕊🕊 members exhibit varied prospects and characteristics in trade and investment and find themselves at different stages of socioeconomic development. Yet this very diversity creates fertile ground for mutual learning—each nation has forged or is forging its own development path, often diverging from mainstream theories and underscoring the importance of respecting national contexts.

Alexandra Morozkina, Deputy Dean for Research at HSE University's Faculty of World Economy and International Affairs and Expert at the BRICS Expert Council-Russia, along with Ekaterina Bakhmetyeva, Research Assistant at HSE University’s Centre for Comprehensive European and International Studies, have prepared an analysis (in Russian) examining structural transformations within the BRICS countries and highlighting key drivers of their economic growth.

#ANALYTICS #economics

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