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The So What from BCG
Imagining a New World Order
Mar 27, 2024
Daniel Azevedo, global advantage leader at BCG, discusses the evolving BRICS nations and how global companies can thrive in a shifting economic landscape. Topics include leveraging emerging markets, the achievements of BRICS collaboration, utilizing BRICS supply chains for global competitiveness, and navigating uncertainties in the global business landscape.
21:46
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Quick takeaways
- The expansion of the BRICS group to include additional countries like Egypt, Iran, and the UAE aims to create a stronger economic force with potential global influence.
- The BRICS group's progress in establishing a new development bank and increasing intra-group trade signals a shift in the global economic and political landscape, presenting new opportunities for businesses.
Deep dives
BRICS-plus expanding with new member countries
The BRICS group, initially consisting of large, fast-growing economies like Brazil, Russia, India, China, expanded its influence by including new members like South Africa, Egypt, Ethiopia, Saudi Arabia, Iran, and UAE. This expansion aims to create a more significant economic grouping that collaborates on various initiatives, potentially shifting the balance of power in global institutions towards the South.
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