Development Of BRICS Research Articles

The Role of BRICS in Africa: Results and Expectations

Aim. Analyze the role of BRICS in the development of Africa.Tasks. Briefly describe the history of the creation and development of BRICS, and also assess the degree of its influence on the geopolitical and economic situation in the world. Consider the contribution of the main BRICS member countries (Brazil, Russia, India, China, South Africa), which have been actively investing in African countries for a long time, and also compare the areas in which these countries dominate.Methods. Comparative analysis was used as a key method in conducting the study.Results. The contribution of each of the BRICS member countries is analyzed, the key areas of their interests are highlighted, and an up-to-date assessment of the prospects for interaction between the BRICS countries and African countries is given.Conclusions. The participation of the BRICS member states in the socio-economic development of the African continent is considered, the areas of interest of each country in Africa are analyzed by industry, and the volumes of investment and interstate trade are assessed. Separate attention is paid to both the positive and negative impact of the presence of the BRICS countries in Africa, and prospects for the development of further relations between African territories and the BRICS member countries are given. As a result, we can unequivocally say that the role of the BRICS member countries in Africa is significant and every year it will only increase, as the strength of the association itself, its geography and the number of participants grows. Each of the bloc countries plays its own significant role in the life of the continent.

Knight's Move: Brazil's future in BRICS+

The purpose of the study is to predict and evaluate the scale and effectiveness of the key political and economic instruments of the largest Latin American country – Brazil – when expanding the membership of the BRICS integration association member states. In the context of the growing confrontation provoked by the hostile rhetoric of the West, the configuration of the world order is undergoing an unprecedented transformation: the developed world largely acts as a catch-up to developing countries, as evidenced by the potential of BRICS+. The article identifies and analyzes three constants of the "tropical giant" foreign policy in BRICS+: cooperation with Moscow, recognition of the need to expand the membership of the association, as well as the consensus of local political elites regarding the development of BRICS+ according to the scenario of "integration of integrations". Along with the similarities in the attitudes of Brazil's foreign policy, the association also emphasizes the dichotomy in the approaches of the current and potential administrations: governments lobby for different agendas, take opposite positions on the future of BRICS+, and also focus on promoting bilateral relations with two different countries: in one case, with China, in the other, with India. Considering the future of BRICS+ from the economic point of view, the author pays special attention to the dilemma of developing criteria for those wishing to join the association and proposes the concept of "three barriers": the establishment of low, medium or high barriers to entry into the BRICS market. In conclusion, the article analyzes the meaning of the title of the work "knight's move": the author comes to the conclusion that Brazil will emerge victorious from any political and economic scenario described in the article. Finally, special attention is paid to the harsh historical lessons that the "tropical giant" has learned: having destroyed the two-hundred-year-old web of political and debt dependence on its northern neighbor, Brazil should become the country that will make the decisive move and complete the chess game against the West.

Role of foreign direct investment inflows in the development of BRICS: a study of forecasting of FDI inflows from 2018 to 2028

Brazil, Russia, India, China and South Africa (BRICS) is a regional group of the fastest developing and growing economies in the world. BRICS as a group of the fastest growing economies that poses a threat to the economies of developed countries. Recent trend in foreign investment shows that FDI inflow is increasing in developing countries in comparison to developed countries. It is an opportunity for the policymakers of regional groups like BRICS to forecast the value of FDI inflow and provide the information to the foreign investors for potential of economic development and growth. In this study, an attempt is made to forecast the FDI inflow using ARIMA model. ACF and PACF plots are used to fix the parameter of ARIMA model (p, d, q). ARIMA (0, 1, 1) with drift is found to be the most suitable model for forecasting of FDI Inflow into BRICS for a period of ten years (2018-2028). Forecasted value of FDI inflow shows a positive and increasing trend during the forecasted period. Finding of study suggest increased trend of FDI inflow in BRICS.

Цифровая экономика в БРИКС: перспективы многостороннего сотрудничества

The growth of the digital economy has become the most significant trend in global development. The digital economy creates new impetuses for economic growth, but at the same time it deepens global inequality and impacts the growth of countries of the global South. The role of global governance institutions such as the BRICS grouping of Brazil, Russia, India, China and South Africa — the main representative of developing countries in global governance — in the promotion of digital growth has not yet been fully explored. There is also some ambiguity concerning the development level of the digital economy in particular countries. In the context of Russia’s third BRICS presidency in 2020, issues of digital development in BRICS have become particularly relevant. The author analyzes current indicators of digital development in the BRICS countries, drawing on several existing methodologies, ratings, and decisions made by BRICS on issues of digital growth and levels of compliance, and makes recommendations for the further development of BRICS’ digital agenda. According to data provided by the Organisation for Economic Co-operation and Development (OECD), the International Telecommunication Union (ITU), the World Bank, the World Economic Forum (WEF), the European Union (EU) and the International Development Institute (IDI), the BRICS countries differ in terms of the maturity of their digital economies. They are characterized by a relatively low quality and affordability of digital infrastructure; additionally, the penetration of information and communications technology (ICT) into business and daily activities in BRICS countries lags behind the world leaders, and data on the quality and efficiency of regulatory and innovative frameworks in the BRICS countries is insufficient. However, decisions made by BRICS on matters of digital growth are followed with a high-average level of compliance. Thus, recommendations for the further development of BRICS’ digital agenda are strategic in nature. The author defines three promising areas of cooperation on digital matters during Russia’s 2020 BRICS presidency: facilitation of dialog and exchange of best practices supporting digital growth; development of a common BRICS standard offor the production of digital goods and services and; promotion of a common BRICS position on cybersecurity issues

Role of Foreign Direct Investment (FDI) Inflows in the development of BRICS (A study of forecasting of FDI inflows from 2018 to 2028)

Role of Foreign Direct Investment (FDI) Inflows in the development of BRICS (A study of forecasting of FDI inflows from 2018 to 2028)

Financial Markets BRICS: The Analysis of Competitive Advantages

Analyzing the present range of economic and political inter-state cooperation in the world, it may be noticed that foundation of their alliances and associations based both on the principles of equality and supremacy of a main partner. One of such equal associations is the treaty among Brazil, Russia, India, China, and South Africa known as the BRICS.The article reveals the financial development strategy of the BRICS. It is researched resource potential of the BRICs as a basis of financial development. Suggested three directions forming a strategy of financial development of BRICS. Identified competitive advantages of the BRICS in the creation of a favorable institutional and macroeconomic stability, improve market sophistication and world financial centers. The results obtained can be the basis for the development of specific activities on the formation of the strategy of the financial development of the BRICS with the positions of their competitiveness.

Бенчмаркинг инновационного развития стран БРИКС и Ирана на основе методологии Европейского инновационного табло и индекса глобальной конкурентоспособности стран

Бенчмаркинг инновационного развития стран БРИКС и Ирана на основе методологии Европейского инновационного табло и индекса глобальной конкурентоспособности стран

Analysis of Strategies that Promote the Development of BRICs

The aim of this work is to identify strategies that enable emerging economies of the BRIC group play a bigger role globally, these structural changes have been made in their political and economic reforms, which together with the business sector has been progress scorch significant breakthrough towards international market, since society and organizations are functional institutional organizations for the development of a society and the economy.