Imagine BRICS: Four Scenarios of the Future

Shapenko, Andrey; Korovkin, Vladimir

doi:10.2139/ssrn.2814752

Cited by 1 publication

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Today, the activity of the BRICS (South Africa became a member of the bloc in 2010) is estimated in two ways: supporters of the Alliance see the potential in the growth of influence on the situation in the world relations; critics have noted the lack of collaborative activities and their political orientation. [3,4] In our opinion, the following facts reconfirm the potential of development of the Alliance: 1) "over the past 10 years, the share of the BRICS in world GDP has increased from 12 to 23% and from 11 to 16% in the world trade." [5]; 2) the similarity of the "factors hindering the development of the BRICS countries -inadequate infrastructure, corruption, bureaucracy, problems with the availability of financial resources, inflation, tax rate" is preserved [6,7]; 3) expanding range of areas of cooperation, according to the annual summits of the BRICS countries (tab 2).…”

Section: One Of the Most Recognizable New Financial Technologies Is Amentioning

confidence: 78%

Building of Multilateral Cooperation of BRICS Countries in the Field of Financial Technologies

Albekov

Lakhno

2018

KSS

View full text Add to dashboard Cite

New financial technologies enable to meet the needs of customers faster and cheaper in comparison with the traditional ones. New financial technologies have disadvantages along with the advantages, their consequences are still difficult to predict. The authors propose a mechanism of cooperation of the BRICS countries in the field of financial technology as a way of a joint development of measures which will facilitate full realization of all opportunities of using financial technology to ensure sustainable development of the BRICS countries, and at the same time preventing potential threats, as well as coping with potential negative consequences which arise from the use of new financial technologies. This mechanism may be used to implement the strategy of economic partnership of the BRICS countries.

show abstract

Section: One Of the Most Recognizable New Financial Technologies Is Amentioning

confidence: 78%