Economic Opportunities and Challenges of Iran’s Membership in BRICS Plus

Document Type : Research

Authors

1 West Asian and African Studies, Faculty of World Studies, University of Tehran

2 Islamic Azad University -Tehran

Abstract

The BRICS group, as an emerging economic power, has sought to increase the number of its members and form the BRICS+ coalition, which Iran joined this group from the beginning of 2024. The current research in the theoretical framework of international political economy and using the document analysis method seeks to answer the question, what are the opportunities and challenges facing the Islamic Republic of Iran in joining the BRICS+ group? The hypothesis of the research states that Iran's joining BRICS, in parallel with many opportunities that will be able to be implemented in the foreseeable time horizon, also poses significant threats that it needs to adopt appropriate measures and basic strategies. The findings of the research show that benefiting from the increasing economic power of the BRICS countries and benefiting from alternative financial institutions and systems are considered the most important opportunities. The complexity of the economic integration and cooperation process and the challenge of adjusting trade tariffs are the most important threats facing Iran. Therefore, it is necessary to calculate indicators such as the measurement of comparative advantage, commercial potential, and complementary trade in export and import, which are relevant at the international level, so that the opportunities for Iran's commercial convergence with the BRICS countries are determined and provided to the policy makers for making the necessary decisions. Therefore, it is necessary to adopt realistic, dynamic, comprehensive, and compatible diplomacy with the realities of the country and requires more studies and research in this regard.

Keywords

Main Subjects

References

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International Political Economy Studies
Volume 7, Issue 2
December 2025
Pages 117-134

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History

  • Receive Date: 08 January 2024
  • Revise Date: 21 July 2024
  • Accept Date: 07 August 2024

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