What to expect from the BRICS expansion

<div>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 .<br> <br> In this episode of The Sound of Economics, <a href="https://www.bruegel.org/people/giuseppe-porcaro">Giuseppe Porcaro</a> and <a href="https://www.bruegel.org/people/alicia-garcia-herrero">Alicia García-Herrero</a> are joined by<a href="https://www.bruegel.org/people/jim-oneill"> Jim O’Neill</a>, 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.</div>