Geopolitics, hydrocarbons, demography… Are the new Brics really changing the face of the economic world?

“With enlargement, the power of the Brics has almost doubled, reaching roughly that of the G7,” said Jean-Joseph Boillot. POOL / REUTERS

AN INTERVIEW – Jean-Joseph Boillot, economist specializing in developing countries and associate researcher at the Institute of International and Strategic Relations (Iris), deciphers this new global deal.

Sensational announcement. In 2024, Saudi Arabia, the United Arab Emirates, Iran, Ethiopia, Egypt and Argentina will join Brics. It was on the occasion of their fifteenth summit that China, Russia, India, South Africa and Brazil agreed to expand their economic club. An expansion with serious implications for trade and global geopolitics.

Jean Joseph Boillot, aggregated in economics and social sciences, doctor of economics, former professor at the École Normale Supérieure and former financial advisor, is now an associate researcher at Iris (Institute of International and Strategic Relations). For FigaroThis specialist on major emerging economies analyzes the extent of this more than symbolic expansion.

Jean-Joseph Boillot Personal photo by JJ Boillot

LE FIGARO – How do you explain this Brics increase?

JEAN-JOSEPH BOILLOT – You have to look at it through the prism of the offer and…

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Elliot Frost

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