Abstract
This research paper seeks to identify and analyze the regulations that rule the economic life of the BRICS countries in the fields of foreign investment’s law, competition law and global administrative law, and further to identify points of convergence and divergence among them in order to indicate the possibilities of legal cooperation to facilitate economic exchanges and investments flow among them. We believe that the possible bottlenecks in trade and investment can be overcome mostly by exchange of experiences, to mitigate the lack of knowledge on national laws and regulations, and by the creation of cooperative mechanisms that facilitate the economic flow among them.
Highlights
As BRICS has become a political grouping, some questions have arisen over the cultural similarities among these countries, besides their condition of the most representative developing economies
This research paper seeks to identify and analyze the regulations that rule the economic life of the BRICS countries in the fields of foreign investment’s law, competition law and global administrative law, and further to identify points of convergence and divergence among them in order to indicate the possibilities of legal cooperation to facilitate economic exchanges and investments flow among them
If the core of the shared aims of developing countries is economic, enhancing legal cooperation through economic laws and governance is strongly recommended as it rules the economic exchanges and investments in and between countries
Summary
As BRICS has become a political grouping, some questions have arisen over the cultural similarities among these countries, besides their condition of the most representative developing economies. The questioning carries out a misleading assumption whereby BRICS could be a form of traditional regional integration – the reason why it would require solid cultural ties – since it was the sort of alignment known as the only alternative to multilateralization Such assumption is misplaced by virtue of proclaiming that the group would not last because their similarity would be “solely” their condition of the most representative developing economies, as if such common feature could be underestimated. We believe that possible bottlenecks in trade and investments can be overcome by exchanging experiences to mitigate a lack of mutual knowledge and by cooperation in three segments: foreign investment’s law, competition law and global administrative law These are the guiding axes of this research, which will be addressed
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