ASSESSING THE ECONOMIC IMPLICATIONS OF EGYPT'S POTENTIAL MEMBERSHIP IN BRICS: OPPORTUNITIES, CHALLENGES, AND PROSPECTS

Abstract

This research article explores the potential economic implications of Egypt's hypothetical membership in the BRICS (Brazil, Russia, India, China, and South Africa) group. The study assesses the opportunities, challenges, and prospects that Egypt may encounter by joining this influential association of major emerging economies. Through a comprehensive analysis, the article examines the potential benefits of enhanced economic cooperation, increased market access, and investment opportunities for Egypt within the BRICS framework. Additionally, it addresses the challenges related to economic diversification, trade imbalances, competition with existing BRICS members, and policy alignment. By examining these factors, this article sheds light on the possible outcomes of Egypt's involvement in the BRICS, providing valuable insights for policymakers, researchers, and stakeholders interested in understanding the economic prospects of this potential partnership. KEYWORDS: BRICS, Economic implications, Investment opportunities, Market access, Egypt, Emerging economies.