An analytical study of the impact of the BRICS bloc on restructuring the global economy Using economic indicators with reference to Egypt.

Document Type : Original Article

Author

Delta Higher Institute for and Accounting Information Systems in Mansoura

Abstract

The research dealt with the nature of economic blocs, the emergence of the BRICS group, its objectives, challenges, and its impact on global GDP and global trade. This was done by studying the GDP index of each BRICS country, whether established or new, and showing the impact of the group as a whole on global GDP, and showing the volume of foreign trade of BRICS countries with the world and the Egyptian state. The research followed the descriptive analytical method to show the impact of BRICS internationally and its reflection on Egypt. It became clear from the research that BRICS is an economic bloc like other blocs, and has an economic impact at the international level and the impact of the size of the GDP of BRICS countries on global GDP, and its impact also on international trade due to the increase in the volume of BRICS dealings with the outside world. As well as the existence of trade relations between the established and new BRICS countries with the Egyptian state.  The study concluded with a set of recommendations, including that the goal of these economic blocs is cooperation between the bloc countries and removing obstacles and barriers between them, which is what the BRICS group must do, and establishing international bodies for the group that work to unify the group and manage its affairs, and work to have international payments for the group, which facilitates dealings and increases trade between them. And that there are potential benefits from Egypt joining the BRICS group, such as economic cooperation and increased trade, especially since current trade data between Egypt and the BRICS countries showed the large volume of trade between them.           

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