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Economic and Geopolitical influence of India through BRICS summit: A brief analysis

2024· article· en· W4392464823 on OpenAlexaboutno aff
Kallal Banerjee, Soumen Nath, Sourav Chatterjee, Shivani Hazra

Bibliographic record

VenueInternational Journal of Foreign Trade and International Business · 2024
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicIndian Economic and Social Development
Canadian institutionsnot available
Fundersnot available
KeywordsSummitGeopoliticsPolitical scienceDevelopment economicsRegional scienceGeographyEconomicsPoliticsCartography

Abstract

fetched live from OpenAlex

Recently, developing economies have emerged as regional and global growth players due to higher economic integration, regional collaboration, and international trade growth than developed economies. BRICS comprises the five emerging global powers: Brazil, Russia, India, China, and South Africa from Asia, Africa, and Latin America. This bloc incrementally enhances their global engagements in international trade and regional integration through economic collaboration and mutual discussions among different summit levels. BRICS produces around 23 percent of the worldwide merchandise output, and 18 percent of global goods and service trade among 42 percent of the worldwide population. This research work observed that over the last ten years, the weight of the BRICS countries, especially the GDP of China, was growing faster, resulting in a global economic impact on fiscal and monetary policy. In the future, these economies will be more significant in economic integration through trade and FDI movement than the G-7 region, consisting of Canada, Japan, the United Kingdom, France, the United States, Germany, and Italy.BRICS economy remains heterogeneous due to its character, with significant changes in socio, political, and legal frameworks. The nominal GDP of BRICS economies is now reflected US$ 23 trillion, and its world share is expected to increase to 26 percent. Future growth in BRICS economies is expected to stabilize by 2025, with India and China being the primary drivers of the multiregional growth. BRICS countries have made significant progress in integrating with the global economy. Analysis of trading patterns within BRICS countries reveals that levels of intra-BRICS trade are pretty diverse, mainly reflecting the comparative sizes of the economies. Over the last couple of years, intra-BRICS employment and regional trade have increased nearly three times, supported by increased intra-regional business among member countries. An analysis of the intra-BRICS trade reveals that China has played a significant role by accounting for nearly half of the intra-BRICS trade, followed by India, Brazil, Russia, and South Africa. India is cautious about BRICS expansion. India's role in the neighboring SAARC agreement is central to its foreign policy. At the same time, India dominates sub-regional cooperation to promote economic growth, social progress, cultural development, and security in South Asia regions. India can use the strength and power of BRICS expansion to develop a strategy for regional cooperation within SAARC, BIMSTEC, and ASEAN member countries.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.001
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.059
Threshold uncertainty score0.117

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0000.001
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0050.009
Science and technology studies0.0020.001
Scholarly communication0.0040.001
Open science0.0000.001
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0080.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.018
GPT teacher head0.249
Teacher spread0.231 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2024
Admission routes1
Has abstractyes

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