Evaluating the impact of BRICS+ trade policies: A comparative analysis before and after the Russia-Ukraine conflict

Title

Evaluating the impact of BRICS+ trade policies: A comparative analysis before and after the Russia-Ukraine conflict

Creator

Tom, Abin; Joseph, David

Description

This chapter explores shifts in trade dynamics among BRICS+ nations (Brazil, Russia, India, China, South Africa, and extended partners) in response to the Russia-Ukraine conflict. The study assesses changes in trade volumes and patterns between Russia and other BRICS+ nations, comparing pre-conflict (2018-2021) and post-conflict (2022 onwards) periods. Utilizing secondary data from credible sources like Bloomberg, WTO, and national trade statistics, the research ensures data authenticity and reliability. The findings reveal significant growth in trade activities between Russia and certain BRICS+ nations post-conflict. Moreover, a comparative analysis with other trade blocs like the European Union highlights contrasting geopolitical strategies, showcasing the resilience and adaptability of BRICS+ in navigating global challenges. The study offers strategic insights for policymakers within the alliance to effectively adjust to evolving trade dynamics. 2025 by IGI Global Scientific Publishing. All rights reserved.

Source

Analyzing the Impact of BRICS+ Nations' Trade Policies on Global Economies;pp.123-144

Date

01-01-2025

Publisher

IGI Global

Coverage

Tom A., Christ University, India; Joseph D., Christ University, India

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISBN: 979-836937971-4; 979-836937969-1;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/979-8-3693-7969-1.ch005

https://www.scopus.com/pages/publications/105001093512?origin=resultslist