IDEAS home Printed from https://ideas.repec.org/a/nos/wjflnh/2016_2_10e.html
   My bibliography  Save this article

The integration and investment potential of BRICS

Author

Listed:
  • Sidorova E.A.

Abstract

In the modern global economy international integration associations are full subjects of it. However, the changing world is changing the integration inquiry: there is the transformation of the integration processes because of globalization. A key principle of the integration process is to accelerate the economic development of the system and its individual composes through the implementation of the integration potential. In this regard, the article researches the integration potential of BRICS (an informal association consists of Brazil, Russia, India, China and South Africa) as a signifcant subject of the world economy, including it analyzes trade fows of these countries using the index method. Moreover, it researches the investment potential of BRICS as the part of the integration potential. Finally, it focuses on the association institutionalization in the monetary sphere. Research has shown that the integration potential of BRICS opens new prospects for cooperation and development of the member countries. At the same time the creation of new fnancial institutions in the framework of the association (in particular, the New Development Bank and the Contingent Reserve Arrangement) can help to strengthen the cooperation among the countries and to promote more representative global governance.

Suggested Citation

  • Sidorova E.A., 2016. "The integration and investment potential of BRICS," World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, Socionet, vol. 16(2), pages 111-122.
    • Handle: RePEc:nos:wjflnh:2016_2_10e
    as

    Download full text from publisher

    File URL: http://www.nsu.ru/rs/mw/link/Media:/53217/10.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mia Mikic & John Gilbert, 2007. "Trade Statistics In Policymaking - A Handbook Of Commonly Used Trade Indices And Indicators," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), number tipub2491, April.
    2. Stephany Griffith-Jones, 2014. "A Brics Development Bank: A Dream Coming True?," UNCTAD Discussion Papers 215, United Nations Conference on Trade and Development.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrew F. Cooper, 2017. "The BRICS’ New Development Bank: Shifting from Material Leverage to Innovative Capacity," Global Policy, London School of Economics and Political Science, vol. 8(3), pages 275-284, September.
    2. Mikic, Mia & Jakobson, Elias, 2010. "Examining the potential for cross-South Pacific trade: ASEAN and Latin America," MPRA Paper 27448, University Library of Munich, Germany.
    3. Shimu Afroza Ahammed & Islam Md. Shahidul, 2018. "Impacts of Macro Economic Variables on the RMG Export Growth of Bangladesh," Economics and Business, Sciendo, vol. 32(1), pages 112-125, June.
    4. A. A. Alikhanov & V. Yu. Skryabina & E. V. Tarasyuk, 0. "Liberalization Trade Relationship Between The Countries: Assessment And Consequences," International Trade and Trade Policy, ФГБОУ ВО "Ð Ð¾Ñ Ñ Ð¸Ð¹Ñ ÐºÐ¸Ð¹ Ñ ÐºÐ¾Ð½Ð¾Ð¼Ð¸Ñ‡ÐµÑ ÐºÐ¸Ð¹ ÑƒÐ½Ð¸Ð²ÐµÑ€Ñ Ð¸Ñ‚ÐµÑ‚ им. Г.Ð’. Плеханова", issue 3.
    5. Andreas Antoniades, 2017. "The New Resilience of Emerging and Developing Countries: Systemic Interlocking, Currency Swaps and Geoeconomics," Global Policy, London School of Economics and Political Science, vol. 8(2), pages 170-180, May.
    6. Dimitar Hadjinikolov & Paskal Zhelev, 2018. "Expected Impact of EU-Vietnam Free Trade Agreement on Bulgaria’s Exports," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 467-479, December.
    7. Natos, Dimitrios & Staboulis, Christos & Tsakiridou, Efthimia, 2014. "Agricultural Trade Integration in Western Balkans: Orientation and Complementarity," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 15(2), pages 1-15.
    8. Griffith-Jones, Stephany & Leistner, Samuel, 2018. "Mobilising capital for sustainable infrastructure: the cases of AIIB and NDB," IDOS Discussion Papers 18/2018, German Institute of Development and Sustainability (IDOS).
    9. Jafarli, Said, 2017. "Moves Towards an Islamic Common Market: Evaluation of the Potentials," MPRA Paper 79179, University Library of Munich, Germany, revised 2017.
    10. ASONGU, Simplice & ODHIAMBO, Nicholas, 2018. "Drivers Of Growth In Fast Emerging Economies: A Dynamic Instrumental Quantile Approach To Real Output And Its Rates Of Growth In Brics And Mint Countries, 2001-2011," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(1), pages 5-22.
    11. Bhubanesh Pant, Ph.D. & Rajan Krishna Panta, 2009. "Export Diversification and Competitiveness: Nepal’s Experiences," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 21, pages 1-3, April.
    12. Rana Atabay, 2016. "The Relationship between Trade Openness and Inflation in Turkey," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 5(3), pages 137-145, April.
    13. Simplice A. Asongu & Paul N. Acha-Anyi, 2020. "A survey on the Washington Consensus and the Beijing Model: reconciling development perspectives," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 67(2), pages 111-129, June.
    14. Asongu, Simplice, 2015. "Determinants of Growth in Fast Developing Countries: Evidence from Bundling and Unbundling Institutions," MPRA Paper 67310, University Library of Munich, Germany.
    15. Schor Adriana, 2014. "South–South Cooperation and IBSA: More Trade in Politics," New Global Studies, De Gruyter, vol. 8(2), pages 183-201, July.
    16. Carlos M. Correa, 2015. "Intellectual property: How much room is left for industrial policy?," UNCTAD Discussion Papers 223, United Nations Conference on Trade and Development.
    17. Chalise, Lekhnath & Jones, Keithly G., 2018. "Exploring Intra-Industry Trade Tendencies of the U.S. Beef Over Two Decades," 2018 Annual Meeting, August 5-7, Washington, D.C. 274263, Agricultural and Applied Economics Association.
    18. Gianni Vaggi, 2018. "Development Finance in the age of Financial Mercantilism," DEM Working Papers Series 157, University of Pavia, Department of Economics and Management.
    19. Andrew Cornford, 2014. "Macroprudential Regulation: Potential Implications For Rules For Cross-Border Banking," UNCTAD Discussion Papers 216, United Nations Conference on Trade and Development.
    20. Anil Belbase & Paras Kharel, 2009. "Competitiveness of Nepalese ready-made garments after expiry of the Agreements on Textiles and Clothing," Working Papers 7009, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:wjflnh:2016_2_10e. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Вестник НГУ социально-экономические науки (email available below). General contact details of provider: http://socionet.ru/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.