PROMOTING BRICS COOPERATION FOR ECONOMIC GROWTH AND DEVELOPMENT
BRICS will serve as a new engine of consumption-driven growth, in a way more dramatic and faster than many analysts expected. With impressive average growth rate in the past two decades, the BRICS became a powerful and prominent force in the global economy. To harness the gains BRICS nations have ma...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Instituto de Pesquisa Econômica Aplicada
2020-06-01
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| Series: | Revista Tempo do Mundo |
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| Online Access: | https://www.ipea.gov.br/revistas/index.php/rtm/article/view/234/194 |
| _version_ | 1817975907319545856 |
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| author | Lan Qingxin Zhao Zhongxiu |
| author_facet | Lan Qingxin Zhao Zhongxiu |
| author_sort | Lan Qingxin |
| collection | DOAJ |
| description | BRICS will serve as a new engine of consumption-driven growth, in a way more dramatic and faster than many analysts expected. With impressive average growth rate in the past two decades, the BRICS became a powerful and prominent force in the global economy. To harness the gains BRICS nations have made, we should consider promoting cooperation for growth and development among the BRICS, and through dialogue with other like-minded partners. This paper argues that BRICS could consider market integration in the areas of trade, foreign investment and capital markets to counteract the effects of negative global trends and work towards more extensive consultation and closer cooperation in international economic and also poses recommendations for BRICS cooperation in key areas. |
| first_indexed | 2024-04-13T21:56:26Z |
| format | Article |
| id | doaj.art-682a5d0ea94741378611d0e6e6441e2e |
| institution | Directory Open Access Journal |
| issn | 2176-7025 2675-150X |
| language | English |
| last_indexed | 2024-04-13T21:56:26Z |
| publishDate | 2020-06-01 |
| publisher | Instituto de Pesquisa Econômica Aplicada |
| record_format | Article |
| series | Revista Tempo do Mundo |
| spelling | doaj.art-682a5d0ea94741378611d0e6e6441e2e2022-12-22T02:28:15ZengInstituto de Pesquisa Econômica AplicadaRevista Tempo do Mundo2176-70252675-150X2020-06-01223958https://doi.org/10.38116/rtm22art2PROMOTING BRICS COOPERATION FOR ECONOMIC GROWTH AND DEVELOPMENTLan Qingxin0https://orcid.org/0000-0002-1271-0478Zhao Zhongxiu1School of International Economics and Trade of UIBEShandong University of Finance and EconomicsBRICS will serve as a new engine of consumption-driven growth, in a way more dramatic and faster than many analysts expected. With impressive average growth rate in the past two decades, the BRICS became a powerful and prominent force in the global economy. To harness the gains BRICS nations have made, we should consider promoting cooperation for growth and development among the BRICS, and through dialogue with other like-minded partners. This paper argues that BRICS could consider market integration in the areas of trade, foreign investment and capital markets to counteract the effects of negative global trends and work towards more extensive consultation and closer cooperation in international economic and also poses recommendations for BRICS cooperation in key areas.https://www.ipea.gov.br/revistas/index.php/rtm/article/view/234/194bricsforeign direct investmentworld trade organizationinternational monetary fundglobal security |
| spellingShingle | Lan Qingxin Zhao Zhongxiu PROMOTING BRICS COOPERATION FOR ECONOMIC GROWTH AND DEVELOPMENT Revista Tempo do Mundo brics foreign direct investment world trade organization international monetary fund global security |
| title | PROMOTING BRICS COOPERATION FOR ECONOMIC GROWTH AND DEVELOPMENT |
| title_full | PROMOTING BRICS COOPERATION FOR ECONOMIC GROWTH AND DEVELOPMENT |
| title_fullStr | PROMOTING BRICS COOPERATION FOR ECONOMIC GROWTH AND DEVELOPMENT |
| title_full_unstemmed | PROMOTING BRICS COOPERATION FOR ECONOMIC GROWTH AND DEVELOPMENT |
| title_short | PROMOTING BRICS COOPERATION FOR ECONOMIC GROWTH AND DEVELOPMENT |
| title_sort | promoting brics cooperation for economic growth and development |
| topic | brics foreign direct investment world trade organization international monetary fund global security |
| url | https://www.ipea.gov.br/revistas/index.php/rtm/article/view/234/194 |
| work_keys_str_mv | AT lanqingxin promotingbricscooperationforeconomicgrowthanddevelopment AT zhaozhongxiu promotingbricscooperationforeconomicgrowthanddevelopment |