The economic potential of the brics countries as a challenge to modern world realities. / Streltsov, Evgeny Sergeevich; Rozhin, Aleksandr Aleksandrovich; Vosiev, Sh. S. ; Kosnikov, Sergey Nikolaevich.
In: Propósitos y Representaciones, Vol. 9, No. S1, e1143, 05.2021.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - The economic potential of the brics countries as a challenge to modern world realities
AU - Streltsov, Evgeny Sergeevich
AU - Rozhin, Aleksandr Aleksandrovich
AU - Vosiev, Sh. S.
AU - Kosnikov, Sergey Nikolaevich
N1 - Ссылка на индексацию: https://www.webofscience.com/wos/woscc/full-record/WOS:000631706900018 Ссылка на публикацию: https://revistas.usil.edu.pe/index.php/pyr/article/view/1143
PY - 2021/5
Y1 - 2021/5
N2 - Today, the governments of various countries, regardless of the level of economic growth of the state, strive to initiate macroeconomic policies aimed at achieving better economic indicators in order to increase the level of business activity and, finally, to ensure a better quality of life for people. In this regard, the policy of the BRICS countries is very indicative. The author analyzes the importance of the BRICS group as representatives of developing countries in the world economy. The article points out that the financial crisis did not have a strong impact on the BRICS group, and its economic performance was much better than that of developed countries. The main factors that led to the economic expansion of the group were the increased influence in a number of markets, as well as the huge scale of resources, including labor. For example, Brazil and Russia rely mainly on huge mineral reserves and speculation in international markets. China has the advantage of cheap labor and resources at low prices. India also relies on cheap labor. Last but not least, all the BRICS countries, except Brazil, demonstrate very high rates of investment. The purpose of the work is to consider the economic potential of the BRICS countries as a challenge to modern economic realities.
AB - Today, the governments of various countries, regardless of the level of economic growth of the state, strive to initiate macroeconomic policies aimed at achieving better economic indicators in order to increase the level of business activity and, finally, to ensure a better quality of life for people. In this regard, the policy of the BRICS countries is very indicative. The author analyzes the importance of the BRICS group as representatives of developing countries in the world economy. The article points out that the financial crisis did not have a strong impact on the BRICS group, and its economic performance was much better than that of developed countries. The main factors that led to the economic expansion of the group were the increased influence in a number of markets, as well as the huge scale of resources, including labor. For example, Brazil and Russia rely mainly on huge mineral reserves and speculation in international markets. China has the advantage of cheap labor and resources at low prices. India also relies on cheap labor. Last but not least, all the BRICS countries, except Brazil, demonstrate very high rates of investment. The purpose of the work is to consider the economic potential of the BRICS countries as a challenge to modern economic realities.
KW - economic potential, the world economy, the BRICS countries
KW - economic potential
KW - the world economy
KW - the BRICS countries
UR - https://revistas.usil.edu.pe/index.php/pyr/article/view/1143
UR - https://www.webofscience.com/wos/woscc/full-record/WOS:000631706900018
UR - https://www.mendeley.com/catalogue/0a7349ad-6405-3de4-9457-02480fbde733/
U2 - 10.20511/pyr2021.v9nSPE3.1143
DO - 10.20511/pyr2021.v9nSPE3.1143
M3 - Article
VL - 9
JO - Propósitos y Representaciones
JF - Propósitos y Representaciones
SN - 2307-7999
IS - S1
M1 - e1143
ER -
ID: 84793073