South Africa's Changing Economy in the Context of Brics

analysis

International economic agendas are shaped by domestic constraints and socio-economic development objectives - and the BRICS (Brazil, Russia, India, China and South Africa) states are no exception.

The common challenges they face, combined with the roles they play regionally and in terms of global economic governance reform, have led to positions in opposition to those adopted by developed countries. These domestic constraints and objectives may also impose limits on the co-operation within the grouping. For example, South Africa and Brazil are under significant competitive pressure from India and China and both South Africa and Brazil are reluctant to allow this pressure to reshape their labour intensive sectors and broader industrial base.

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