BRICS: INTERNAL FACTORS OF GLOBAL COMPETITIVENESS

  • Tatiana Podolskaya Russian Presidential Academy of National Economy and Public Administration (RANEPA), Rostov-on-Don
Keywords: BRICS, global competitiveness, World Economic Forum, finance globalization, stock exchanges’ market size, China, India, Brazil, Russia, South Africa

Abstract

The BRICS nations (Brazil, Russia, India, China and South Africa) actively joined in process of transformation of institutes of global financial market’s management, having created New Development Bank. This institute according to most of analysts can be considered as potential competitor of the World Bank and as one of elements of so-called system of "parallel institutes", which as required can become replacement American-centered system of international financial institutions. Progress of newly created New Development Bank in- much will depend on that economic power which will characterize BRICS economies. And a key condition of long-term stable economic growth is availability of global advantages of the BRICS countries. This article is devoted to the analysis of changes BRICS global competitiveness factors.

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Author Biography

Tatiana Podolskaya, Russian Presidential Academy of National Economy and Public Administration (RANEPA), Rostov-on-Don

is a candidate of economical sciences (since 2003); PhD – candidate  in Russia Presidential Academy of National Economy and Public Administration, Rostov-on-Don, Russia (since 2008) and  associate professor of department of international economy.

Her scientific interests are concentrated around international financial system, government and international regulation of global finance market.

Since 2005 she published more than 20 articles in Russian federal and international journals; participated more than 30 International scientific – practical conferences

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PDF Downloads: 61
Published
2017-05-31
How to Cite
Podolskaya, T. (2017). BRICS: INTERNAL FACTORS OF GLOBAL COMPETITIVENESS. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (3(4), 07-14. https://doi.org/10.35678/2539-5645.3(4).2017.07-14