Energy Resilience and Sustainability in BRICS+ Economies : A Policy Analysis Perspective (Routledge Studies in the Modern World Economy)

The expanded group of BRICS nations informally known as BRICS+ encompasses of both established members and the new additions nations which includes Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE). These BRICS+ nations stand at the cusp of unparalleled growth and economic expansion. BRICS+ contributes significantly to global primary energy production, accounting for 48% of the sector. This book emphasizes the significance of energy for growth and sustainability, highlighting the role of BRICS+ nations in enhancing global energy resilience. This resilience could be achieved through collaborations, policy strategies, and economic implications, calling attention to energy trading free from sanctions. Further, it embarks on a comprehensive exploration of the dynamic landscape inhabited by the BRICS+ nations, a collective that includes established BRICS+ countries as well as new members. At its core, the narrative confronts the looming spectre of structural shocks, with a keen focus on the energy sector, and the profound implications these disruptions pose for the economic potential of these nations. What sets this work apart is its emphasis on the vulnerabilities of the BRICS+ nations, characterized by fiscally fragile economies heavily reliant on imported energy. It delves into the international externalities that make these nations susceptible, compounded by their geological predisposition to volatility. The book charts a course for change, proposing a systematic departure from these disruptions through academic insights and elaborations, laying the foundation for sustained and successful growth. As such, it will be a useful guide for academics, students, researchers and policymakers concerned with the discourse on sustainability and resilience in BRICS+ nations, paving the way for a more informed and innovative approach to the challenges faced by these nations in the interconnected global landscape.