What to expect from the BRICS expansion

This year’s BRICS annual summit delivered the headline
announcement of the group’s expansion: in January 2024,
Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United
Arab Emirates will join the grouping of Brazil, Russia, India,
China, and South Africa .

In this episode of The Sound of Economics, Giuseppe Porcaro and
Alicia García-Herrero are joined by Jim O’Neill, who coined the
acronym BRIC, to discuss how the grouping has developed since its
formation in 2009, the reasons behind this new expansion and the
consequences it may have on the global economic and geopolitical
landscape.