What question did this study set out to answer?

To examine the relationship between the material reality of BRIC economies and their symbolic function in the contemporary world economy.

April 1, 2013Review of International Political EconomyOpen Access

The material and symbolic construction of the BRICs: Reflections inspired by the RIPE Special Issue

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Authors

MFMarion FourcadeBerkeley College

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Implication

Synthesis review uncovers divergent growth strategies across BRIC nations, suggesting the bloc functions primarily as a symbolic construct to reorient global financial governance.

Key Points

To examine the relationship between the material reality of BRIC economies and their symbolic function in the contemporary world economy.
Conceptual analysis and synthesis of contributions to the special issue assessing economic models and governance dynamics among BRIC nations.
BRIC nations share minimal strategic development commonalities beyond departing from the Washington consensus via state intervention while sustaining fiscal discipline.
Growth etiologies differ substantially across the four member nations rather than reflecting a unified economic trajectory.
The BRIC concept primarily serves a symbolic and political role orchestrated by financial markets to generate investment enthusiasm and challenge European dominance in global economic governance.

Cite This Study

Marion Fourcade (2013) studied this question.

synapsesocial.com/papers/6a195ee9a0353395e9583fa8 https://doi.org/10.1080/09692290.2013.779408

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Implication

Synthesis review uncovers divergent growth strategies across BRIC nations, suggesting the bloc functions primarily as a symbolic construct to reorient global financial governance.

The material and symbolic construction of the BRICs: Reflections inspired by the RIPE Special Issue

Discussion

Member takes

Implication

Key Points

Cite This Study

The material and symbolic construction of the BRICs: Reflections inspired by the RIPE Special Issue

Discussion

Member takes

Implication

Key Points

Cite This Study

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