Union Is Strength: Whether BRICS Is Boon or Curse in Perspective of Global Financial and Economic Periphery

Abstract

One of the facts that are getting quite well known is the disappointing export performance of BRICS in recent years. What hasn't been appreciated is the fact that the extraordinary lengths of governments of Brazil, Russia, India, China and South Africa have gone to boost their exports. Hence developments in BRICS trigger numerous questions as to what one should expect the new market and institutional equilibrium to look like. Indeed initiative like capital structure, funding structure, emerging optimal benchmark portfolio is taken into accounts, raising the question-on BRICS competitiveness. This paper has come up with the focuses on why the mighty BRICS matters, and the main market and policy developments that is relevant from both a BRICS financial stability and integration perspective. The present paper reflects possible market and policy developments, global alliances, implications and trade relationship solutions.