NEVA MAKGETLA: SA in Brics is more commodity dependent
Membership has reinforced its reliance on commodity exports and reduced prospects of diversification
30 January 2024 - 05:00
As Brics expands beyond its five long-standing members (Brazil, Russia, India, China and SA), it seems worthwhile to evaluate the bloc’s economic impact to date.
A forthcoming Trade & Industrial Policy Strategies study on the Brics economies and trade suggests that rather than fostering economic diversification in SA, the association has in effect reinforced dependence on commodity exports. The accession of six new members seems unlikely to change this outcome..
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