Title
Fragile Peace, Fractured Lives: How Geopolitical Risk Shapes Human Well-Being in BRICS
Authors
Abstract
Purpose: In today’s globalized world, geopolitical risks (GPR) have grown in frequency and pose serious obstacles to human well-being (HWB) in all countries. Therefore, understanding how rising geopolitical tensions affect a nation’s socioeconomic structures has become crucial. Given this, the current study intended to check the impact of GPR on HWB.
Design/methodology/approach: The study’s goal is to use data from the BRICS countries from 1990 to 2022 to examine the relationship between GPR and HWB. Regression analysis is conducted using the CS-ARDL model, and robustness is confirmed using 2SLS and FMOLS techniques.
Findings: The results show that GPR has a major detrimental effect on HWB by lowering human well-being mostly through increased inflation, economic disruptions. It is discovered that while inflation rates have a negative impact on HWB, control variables such as economic growth, FDI inflows, financial sector development, and health expenditures have a positive impact.
Implications: The results emphasize how crucial it is to reduce the negative impacts on human well-being by promoting economic growth and reducing geopolitical tensions.
Originality/value: In addition to providing pertinent policy recommendations for boosting resilience against geopolitical risks, this study adds to the body of literature by providing fresh insights into how GPR impacts HWB. This study contributes to the decision sciences literature by providing robust empirical evidence on how geopolitical risk influences human well-being, thereby supporting evidence-based policy formulation and strategic decision-making under conditions of uncertainty.
Keywords
BRICS, CS-ARDL, Geopolitical Risk, Human Development Index, Human Wellbeing
Classification-JEL
F51, I31
Pages
1-24
How to Cite
Tabash, M. I., Farooq, U., Issa, S. S., Hakim, A., & Mamadiyarov, Z. (2027). Fragile Peace, Fractured Lives: How Geopolitical Risk Shapes Human Well-Being in BRICS. Advances in Decision Sciences, 31(1), 1-24.