Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7
<p dir="ltr">The 2023 expansion of BRICS (hereafter BRICS+) has resulted in a flurry of journalistic and political narratives. These narratives span a spectrum, between perspectives that emphasize the continuity of the existing global order on the one end and those that note the dawn...
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| مؤلفون آخرون: | |
| منشور في: |
2024
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| _version_ | 1864513510770212864 |
|---|---|
| author | Logan Cochrane (7822049) |
| author2 | Esmat Zaidan (16855203) |
| author2_role | author |
| author_facet | Logan Cochrane (7822049) Esmat Zaidan (16855203) |
| author_role | author |
| dc.creator.none.fl_str_mv | Logan Cochrane (7822049) Esmat Zaidan (16855203) |
| dc.date.none.fl_str_mv | 2024-03-23T09:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1080/23311886.2024.2333422 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Shifting_global_dynamics_an_empirical_analysis_of_BRICS_expansion_and_its_economic_trade_and_military_implications_in_the_context_of_the_G7/26316892 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Economics Applied economics Human society Human geography Political science Law and legal studies International and comparative law BRICS G7 geopolitics international relations economics trade |
| dc.title.none.fl_str_mv | Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7 |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">The 2023 expansion of BRICS (hereafter BRICS+) has resulted in a flurry of journalistic and political narratives. These narratives span a spectrum, between perspectives that emphasize the continuity of the existing global order on the one end and those that note the dawn of a new era and the end of a unipolar world on the other. These discussions have often been based on a limited set of data points, and commonly have not listed the source or limitations of the data used. This paper analyzes the BRICS + and the G7 groups of countries, using long-term empirical data, to assess economic, trade and military metrics. For each domain, multiple metrics are analyzed to validate the extent of change (or lack thereof). The results are compared and contrasted with available narratives. The data shows a notable shift in the global macro-economy, marked by the rise of BRICS + and a relative decline of G7 countries. However, a closer examination of specific economic measures and expected outcomes reveals a more nuanced picture. For trade, BRICS + has a significant share of crucial resources such as oil, gas, and critical minerals, but the G7 continues to maintain a disproportionate share of global goods and services trade, despite experiencing a gradual decline relative to the BRICS + over time. In the realm of military capacities, the G7 countries remain the dominant investor, resulting in technological superiority and military advantage, while the BRICS + have manifold significantly larger military personnel. It is evident that the world is changing, but in more complex and nuanced ways than what is often portrayed, challenging the oversimplified narratives.</p><h2>Other Information</h2><p dir="ltr">Published in: Cogent Social Sciences<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1080/23311886.2024.2333422" target="_blank">https://dx.doi.org/10.1080/23311886.2024.2333422</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_e0d770d062bf198dc109db019f70969d |
| identifier_str_mv | 10.1080/23311886.2024.2333422 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/26316892 |
| publishDate | 2024 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7Logan Cochrane (7822049)Esmat Zaidan (16855203)EconomicsApplied economicsHuman societyHuman geographyPolitical scienceLaw and legal studiesInternational and comparative lawBRICSG7geopoliticsinternational relationseconomicstrade<p dir="ltr">The 2023 expansion of BRICS (hereafter BRICS+) has resulted in a flurry of journalistic and political narratives. These narratives span a spectrum, between perspectives that emphasize the continuity of the existing global order on the one end and those that note the dawn of a new era and the end of a unipolar world on the other. These discussions have often been based on a limited set of data points, and commonly have not listed the source or limitations of the data used. This paper analyzes the BRICS + and the G7 groups of countries, using long-term empirical data, to assess economic, trade and military metrics. For each domain, multiple metrics are analyzed to validate the extent of change (or lack thereof). The results are compared and contrasted with available narratives. The data shows a notable shift in the global macro-economy, marked by the rise of BRICS + and a relative decline of G7 countries. However, a closer examination of specific economic measures and expected outcomes reveals a more nuanced picture. For trade, BRICS + has a significant share of crucial resources such as oil, gas, and critical minerals, but the G7 continues to maintain a disproportionate share of global goods and services trade, despite experiencing a gradual decline relative to the BRICS + over time. In the realm of military capacities, the G7 countries remain the dominant investor, resulting in technological superiority and military advantage, while the BRICS + have manifold significantly larger military personnel. It is evident that the world is changing, but in more complex and nuanced ways than what is often portrayed, challenging the oversimplified narratives.</p><h2>Other Information</h2><p dir="ltr">Published in: Cogent Social Sciences<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1080/23311886.2024.2333422" target="_blank">https://dx.doi.org/10.1080/23311886.2024.2333422</a></p>2024-03-23T09:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1080/23311886.2024.2333422https://figshare.com/articles/journal_contribution/Shifting_global_dynamics_an_empirical_analysis_of_BRICS_expansion_and_its_economic_trade_and_military_implications_in_the_context_of_the_G7/26316892CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/263168922024-03-23T09:00:00Z |
| spellingShingle | Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7 Logan Cochrane (7822049) Economics Applied economics Human society Human geography Political science Law and legal studies International and comparative law BRICS G7 geopolitics international relations economics trade |
| status_str | publishedVersion |
| title | Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7 |
| title_full | Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7 |
| title_fullStr | Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7 |
| title_full_unstemmed | Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7 |
| title_short | Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7 |
| title_sort | Shifting global dynamics: an empirical analysis of BRICS + expansion and its economic, trade, and military implications in the context of the G7 |
| topic | Economics Applied economics Human society Human geography Political science Law and legal studies International and comparative law BRICS G7 geopolitics international relations economics trade |