The role of BRICS in global governance to promote economic development

Abstract

Background: The article assesses the significant role Brazil, Russia, India, China and South Africa (BRICS) countries, which comprise Brazil, Russia, India, China and South Africa, play in economic development, and challenges experienced in realisation of economic goals. It is an area that is least researched in the domains of public administration. Aim: The focus of the article is on the role of BRICS in achieving economic development. Setting: The descriptive nature of the article provided a detailed explanation regarding the role of BRICS in the promotion of economic growth. Methods: The qualitative research method was adopted in this article to compile information. The information was compiled through the review of available secondary data (literature and document reviews) that include scholarly books, Internet sources, articles and official documents. Results: The findings confirmed that BRICS can achieve global governance through intercountry partnerships, which requires work on internal strategies to strengthen intra-BRICS relationships. Conclusion: The article is an effort to discuss the role of BRICS, emphasising their relevance to economic development, especially during coronavirus disease 2019 (COVID-19). The suggestions can be applicable in country-specific contexts. Contribution: The article intends to advance knowledge of the possibility that the BRICS’ combined economic strength may significantly contribute to the expansion of the world economy and, consequently, to the promotion of global economic governance.

Keywords

• globalisation
• governance
• good governance
• global governance
• global governance reforms
• brics
• economic development