Problems and Prospects of the BRICS: System Approach

Горбунова, О. А.; Ignatova, Olga; Soluyanov, Alexey A.

doi:10.1007/978-3-030-15160-7_60

Cited by 4 publications

(1 citation statement)

References 3 publications

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“…For example, Brazil's special rules on under-capitalization do not entail any other tax consequences, except restrictions on interest deduction, which distinguishes them from the Russian national rules governing similar relationships (Gorbunova et al, 2020).…”

Section: Areas Of Harmonization Of the Brics Legal And Financial Systemsmentioning

confidence: 99%

Harmonization of tax and financial systems within BRICS

Evgenievich

2020

BJE

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The modern world economy is characterized by such factors as capital mobility, intensification of production processes and cash flows. In such circumstances, it is particularly important for economic entities to understand all possible legal consequences of their operations. Financial policy should be formed by public legal entities, taking into account the guarantees of avoiding unjustified financial, economic and other barriers to the development of the world economy and international trade. The BRICS countries, which have a huge potential for building and developing close economic ties, have different and sometimes contradictory law enforcement and legislative approaches. Such contradictions are most acute in the tax sphere, currency, administrative and customs relations. The current international legal framework seeks to bring legal regulation closer to comparable or uniform rules.

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Section: Areas Of Harmonization Of the Brics Legal And Financial Systemsmentioning

confidence: 99%

Harmonization of tax and financial systems within BRICS

Evgenievich

2020

BJE

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COVID-19 Vaccines Development Discord: A Focus on the BRICS and Implications for Africa’s Access and Affordability Matters

Nhamo

2021

Politikon

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The 17th Sustainable Development Goal seeks to promote partnerships at various levels. To this end, COVID-19 vaccines development partnerships in the BRICS (Brazil, Russia, India, China and South Africa) are inevitable in facilitating ethical access to affordable and safe vaccines the world over. With South Africa being part of the BRICS, its presence can assist in leveraging the partnership to ensure that COVID-19 vaccines developed by the BRICS are efficiently deployed in Africa. Through the tracking of announcements, documents and critical discourse analysis, and Geographical Information Systems, this paper investigates COVID-19 vaccines development collaboration in the BRICS and its implication for Africa. It emerges that there is an inherent discord in the BRICS, with bilateral arrangements both within and outside the forum being evident. This has resulted in advance breakthrough COVID-19 vaccines from China and Russia not widely tried across the BRICS. The paper notes that these developments weaken the global south and affect its potential to develop COVID 19 vaccines. The work recommends a reconsideration in terms of COVID-19 vaccines development and future proofing of collaboration within the BRICS and finding a way of having South Africa continue to lobby for affordable and accessible vaccines for Africa.

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Statistical Analysis of the Economic Development of the Brics Countries

Балыхин

Шайлиева

Цыпин

2020

Statistika i ekonominka

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The purpose of the research. The political and economic balance between the major world powers in the 1950s was disrupted by the rejection of the socialist model of the economy by a number of countries. For this reason, countries such as Russia and China have been withdrawn from geopolitical space for decades and have re-built their economies and foreign economic ties. The exit from the "shadow" of the economies of these powers in the 2000s led to the movement of the processes of changing the unipolar world order to a multipolar one. A clear catalyst for this process was the formation of the BRICS political and economic union, which brought together the largest developing countries of the world. The topic of positioning of five countries in the world space, as well as the identification of factors that have a favorable impact on their convergence, has become relevant, in this regard, the aim of the study is to assess the position of the BRICS countries in the world community, on the quantitative side, in an inextricable connection with the qualitative basis of socio-economic laws and patterns.Materials and methods. Statistical methods such as tabular, graphical, generalization and correlation regression analysis were used to achieve this goal. Data sources were from the World Bank, the UN Statistical Committee and the BRICS national statistical services.Results. The main results are: on the basis of a critical analysis of the theoretical literature and empirical studies, a methodology for conducting the study was developed, which includes the use of statistical tools; during the period 1990-2018, the position of the BRICS countries in geo-economic space strengthened, as evidenced by the growth of the total share of the Union's members in world GDP; China and India have made a significant leap in economic capacity-building as a result of policies to attract foreign investment and technology; GDP growth in the 2000s continued in China and India, while in Russia, Brazil and South Africa a slowdown was observed, which, according to the forecast, would lead to a further decline in the growth rate of these countries; the main factor that has a positive impact on the growth of the five economies is services, which is fully consistent with the global trend.Conclusion. The results will be useful for researchers in macroeconomic dynamics and geo-economics, in particular the approaches used in the article; it is possible to apply to similar political and economic unions and associations. General conclusions can also be recommended to persons responsible for making state decisions in the field of integration of Russia into the world space, as well as specialists in sociology, social economics and political science.

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Problems and Prospects of the BRICS: System Approach

Cited by 4 publications

References 3 publications

Harmonization of tax and financial systems within BRICS

Harmonization of tax and financial systems within BRICS

COVID-19 Vaccines Development Discord: A Focus on the BRICS and Implications for Africa’s Access and Affordability Matters

Statistical Analysis of the Economic Development of the Brics Countries

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