BRICS Expansion and Future Prospects

The BRICS (Brazil, Russia, India, China, South Africa) bloc, representing a coalition of major developing nations, has recently expanded by admitting six new members—Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE—effective from January 1, 2024. This expansion transforms the bloc into BRICS Plus (+), reflecting the rising multipolarity in global politics and economics. This paper examines the implications of BRICS Plus for Pakistan, assessing potential economic, geopolitical, and security benefits while addressing challenges such as Indian opposition and Western pressure. The study concludes with policy recommendations for Pakistan to leverage this opportunity by enhancing trade, investment, and diplomatic relations within BRICS.

Authors

Publication Details

Journal
Journal of BRICS Studies
Published
2025-04-02
DOI
https://doi.org/10.36615/7yjb2a23
Primary Topic
Global trade and economics
Type
article
Field-Weighted Citation Impact
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article

BRICS Expansion and Future Prospects

Shamsul Hayat, M.I. Khan
Journal of BRICS Studies
Global trade and economics
article

BRICS Expansion and Future Prospects

Shamsul Hayat, M.I. Khan
article en

Abstract

The BRICS (Brazil, Russia, India, China, South Africa) bloc, representing a coalition of major developing nations, has recently expanded by admitting six new members—Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE—effective from January 1, 2024. This expansion transforms the bloc into BRICS Plus (+), reflecting the rising multipolarity in global politics and economics. This paper examines the implications of BRICS Plus for Pakistan, assessing potential economic, geopolitical, and security benefits while addressing challenges such as Indian opposition and Western pressure. The study concludes with policy recommendations for Pakistan to leverage this opportunity by enhancing trade, investment, and diplomatic relations within BRICS.

Journal of BRICS StudiesVol. 3(2)
Openalex Percentile: Top 91%
Global trade and economics
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