What to expect from the BRICS expansion
The evolution of the grouping alongside the changing dynamics of political economy.
This year’s BRICS annual summit delivered the headline announcement of the group’s expansion: in January 2024, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates will join the grouping.
In this episode of The Sound of Economics, Giuseppe Porcaro and Alicia García-Herrero are joined by Jim O’Neill, who coined the acronym BRIC, to discuss how the grouping has developed since its formation in 2009, the reasons behind this new expansion and the consequences it may have on the global economic and geopolitical landscape.
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