Emerging Economic Blocs and Its Role in Reshaping International Economic Relations: An Analytical Study of BRICS Trends

Suad Jawad Kadhim

doi:10.47134/jeae.v3i4.1218

Authors

Suad Jawad Kadhim University of Al-Qadisiyah

DOI:

https://doi.org/10.47134/jeae.v3i4.1218

Keywords:

Blocs Economic The rising one, BRICS group Relations Economic International, Governance Economic Global, Pluralism Economic Economy Political International

Abstract

The research aims to study role blocs economic the rising in reformation relations economic international, with the focus on group BRICS as described one most prominent gatherings economic that it emerged during contracts the last in shadow Transformations accelerated that It witnesses economy global and it begins. search from hypothesis Its meaning that growth power economic finance countries the group shares in Strengthening Pluralism economic and reduction degree accreditation on centers traditional dominant on order economic International and it has depend search curriculum analytical descriptive from during track origin the group and its development, analysis its goals and mechanisms her work and its initiatives economic and finance, to side study Its impact in fields commerce International investment and financing development and it reached search to that group BRICS succeeded in consolidation its status as an actor economic influential thanks what own it from weight population and economic and resources natural diverse, as contributed in to support demands repair Institutions finance International and strengthening cooperation between countries developing from during construction Institutions financing alternative like Bank development new and arrangements the reserve the emergency, and it showed Results like that that heading the group about expansion use currencies Local in Exchanges commercial it represents step a task about diversification order critical global, and with that, faces the group challenges Multiple It is in disparities economic between members and difference priorities Nationalism and some disagreements geopolitics that may challenge from effectiveness coordination the subscriber and concludes search to that group BRICS represents power upward capable on contribution in building system economic international more balance and pluralism, with survival her success future related with her ability on strengthening integration and coordination between countries members and continuing development mechanisms cooperation economic In the among them.

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