Abstract
This research examines global economic inequality and the dynamics of geopolitical alliances by comparing economic production volatility between NATO and BRICS countries over the past two decades. Using descriptive statistics and econometric modeling, the study identifies key factors influencing economic stability within each group. Data from the World Bank and IMF support the analysis. Findings reveal that NATO countries generally exhibit greater economic stability, supported by coordinated fiscal-monetary policies and mature infrastructures. In contrast, BRICS countries show higher production volatility, primarily due to structural economic challenges. The study addresses a gap in comparative analyses of economic volatility between these geopolitical alliances, offering a novel approach by integrating econometric techniques. The results underscore the role of alliance-driven economic governance in shaping resilience to global market fluctuations, providing insights for policymakers aiming to enhance economic adaptability and mitigate volatility risks.
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
ECONOMIC VOLATILITY, GEOPOLITICAL ALLIANCES, NATO, BRICS, ECONOMETRIC ANALYSIS
