Abstract
The article discusses the features and stages of institutionalization of BRICS that becomes a real player in world politics and economics. There are 4 models of further institutionalization of BRICS, which will be combined with each other. A promising model that involves the creation of new BRICS institutions, providing a multiple effect on the development of the association, is noted. Among such institutions BRICS Bank for International Settlements and the Free Trade and Investments Zone of BRICS are offered.
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