The BRICS Economic Bloc: Risks and Initiatives
B.A. IQBAL
Aligarh Muslim University, UP, Aligarh, 202002, India
Keywords: БРИКС, развивающиеся экономики, экспортеры сырья, колониализм, BRICS, emerging economies, commodity exporters, colonialism
Abstract
BRICS has come up as an economic bloc. But analysts believe that it is China-dominated and hence will serve the cause of Chinese economy rather than the cause of other economies of the bloc. It is also believed that it could be an alternative to the European Union. Thus, the present paper will explore how far this notion is correct. The paper also deals with the creation of the BRICS Development Bank and its role in the promotion of growth and development in the bloc.
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