{"title":"BRICS: World Heavyweight in Agricultural Trade","authors":"T. Glauben, Ivan Duric","doi":"10.2478/ie-2024-0033","DOIUrl":null,"url":null,"abstract":"Abstract BRICS, the 15-year-old alliance of Brazil, Russia, India, China and South Africa, has emerged as an important actor on the global political and economic stage, not least by expanding its membership to include middle-power states Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates in early 2024. Much like the countries of the G7 and the EU, BRICS members are among the major players in international agri-food markets. BRICS and the G7 have accounted for around one-seventh of each other’s agricultural exports in the past decade. However, excessive protectionism and mounting sanctions as well as ideology-driven de-risking strategies are a high-risk venture that could ultimately lead to isolationism and the formation of blocs. Food insecurity is growing, primarily at the expense of poorer people in the Global South. Against this background, it seems advisable to balance geopolitical and geoeconomic interests by turning away from confrontational Stone Age politics and towards more cooperative approaches, such as more diplomacy.","PeriodicalId":35662,"journal":{"name":"Intereconomics","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Intereconomics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2478/ie-2024-0033","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract BRICS, the 15-year-old alliance of Brazil, Russia, India, China and South Africa, has emerged as an important actor on the global political and economic stage, not least by expanding its membership to include middle-power states Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates in early 2024. Much like the countries of the G7 and the EU, BRICS members are among the major players in international agri-food markets. BRICS and the G7 have accounted for around one-seventh of each other’s agricultural exports in the past decade. However, excessive protectionism and mounting sanctions as well as ideology-driven de-risking strategies are a high-risk venture that could ultimately lead to isolationism and the formation of blocs. Food insecurity is growing, primarily at the expense of poorer people in the Global South. Against this background, it seems advisable to balance geopolitical and geoeconomic interests by turning away from confrontational Stone Age politics and towards more cooperative approaches, such as more diplomacy.
IntereconomicsEconomics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)
CiteScore
5.00
自引率
0.00%
发文量
66
审稿时长
16 weeks
期刊介绍:
Intereconomics publishes papers dealing with economic and social policy issues in Europe respectively in Euroland. The journal consists of the sections editorial, forum and articles. The editorial section contains brief comments on current questions of economic policy in Europe or effecting Europe. In the forum, several authors (researchers, politicians, representatives of trade unions and of employers associations etc.) voice their opinions on one particular current economic policy problem effecting Europe. The articles deal with economic policy issues and trends in Europe. They are mostly written by researchers in economics. Officially cited as: Intereconomics