BRICs at 25
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How do Brazil, Russia, India and China influence today’s global economy?
In this episode of the Sound of Economics, host Rebecca Christie discusses the economic sway of Brazil, Russia, India and China with Jim O’Neill, who coined the BRIC acronym in 2001, and Bruegel researchers Suman Bery and Alicia García-Herrero. Do these countries still have much in common? How dominant is China? Is it possible for the now BRICS to represent 'the Global South' and which countries should participate? What about geopolitical factors like the Iran conflict and Russia’s ongoing war with Ukraine? Is the world ready to move away from the dollar, and what should be the global role of the renminbi? How is India managing its relationship with the United States and market access with trading partners? Global economic governance is stretched farther than ever, and the world’s significant economies have to figure out some way to relate.
Relevant research:
- García-Herrero, A. (2026) 'The real BRICS summit happened in a side room with Modi and Xi', Opinion, Brussels Times
- Bery, S (2026), ‘Reconciling domestic goals with global adjustment: Challenges for Indian economic management‘, in Rey, H, B Weder di Mauro and J Zettelmeyer (eds), Paris Report 4: The New Global Imbalances, CEPR Press, Paris & London
- BRICS+ Thinking