BRICS Countries in Global Value Chains
The picture of the post-crisis world is shaped by the paradigm shifts about the sustainability of national development as a globally integrated co-development and as a necessary condition for national security and defense. Each state faces the steep task of developing new effective foreign economic policy, replacing the former export-oriented and protectionist import-substituting strategies. Such policy changes primarily concern the BRICS countries, including Russia and its place/role in expanding international trade in intermediate goods and services. Simultaneously, Russia and the BRICS must develop new mechanisms of economic cooperation between themselves in the form of global value chains (GVCs).
This article studies China’s approach to BRICS. It argues that China sees BRICS as a major asset in its effort to become a major world power and to reform the international system so that it becomes fairer and better serve its interests. However, in China’s view, these interests coincide with the interests of other major non-Western states which also suffer from this sense of unfairness, therefore this position is not self-seeking. This is a major problem which should be overcome with the help of other developing countries. But to change the situation, not a revolution but a gradual evolution based on negotiations and persuasion, is needed. This position makes China not a revisionist but rather a conservative power, within the existing international system.
In recent years research collaboration of BRICS countries in a wide range of subject areas has become a high priority for STI policymakers (see Sokolov et al., 2017). Meanwhile, recent studies in this field confirm that the intensity of intraBRICS collaboration is quite low (see Khan, 2015; Finardi, 2015; Finardi and Buratti, 2016). Our study following the research of Shashnov and Kotsemir (2018) proposes an approach for detection of research areas with relatively low intensity of collaboration between BRICS countries. We also assess the potential for strengthening of intraBRICS collaboration in research areas with missed opportunities of cooperation between BRICS countries.
Existing research on global financial architecture typically focuses on downside corrections in the eventuality of a crisis or on the contribution of financial flows to aggregate economic growth. Such accounts are of limited relevance if the composition of financial flows and aggregate economic growth are heterogeneous. For example, the factors that attract foreign direct investment, foreign portfolio investment, foreign reserve investment and other foreign investments, and the mechanism through which they contribute to economic growth, are often varied. This chapter, by looking at the relationship between the components of financial flows and those of aggregate economic growth, aims to fill a longstanding gap in the literature. Our exposition focuses on two groups of countries, BRICS and the G7, that have notable contrasts across several attributes such as the aggregate growth rates, levels of incomes, patterns of financial flows and demography. The results offer some pertinent guidance for the future development of financial architecture and complementary growth imperatives within both the groups.
This book analyzes the state of global governance in the current geopolitical environment. It evaluates the main challenges and discusses potential opportunities for compromise in international cooperation. The book’s analysis is based on the universal criteria of global political stability and the UN framework of sustainable development. By examining various global problems, including global economic inequality, legal and political aspects of access to resources, international trade, and climate change, as well as the attendant global economic and political confrontations between key global actors, the book identifies a growing crisis and the pressing need to transform the current system of global governance. In turn, it discusses various instruments, measures and international regulation mechanisms that can foster international cooperation in order to overcome global problems.
Addressing a broad range of topics, e.g. the international environmental regime, global financial problems, issues in connection with the energy transition, and the role of BRICS countries in global governance, the book will appeal to scholars in international relations, economics and law, as well as policy-makers in government offices and international organizations
This article examines the preconditions and reasons for interaction between BRICS countries in the fields of science, research and university education. It analyzes the particular ways in which the member countries develop and coordinate their positions in these areas. It also reviews and evaluates the practical experience gained from cooperating on scientific and technological research and innovation (STRI), and the functioning of the BRICS Network University, and considers the prospects for further joint work in these areas.
Water Conservation and Wastewater Treatment in BRICS Nations: Technologies, Challenges, Strategies, and Policies addresses issues of water resources—including combined sewer system overflows—assessing effects on water quality standards and protecting surface and sub-surface potable water from the intrusion of saline water due to sea level rise. The book's chapters incorporate both policies and practical aspects and serve as baseline information for future adaption plans in BRICS nations. Users will find detailed important information that is ideal for policymakers, water management specialists, BRICS nation undergraduate or university students, teachers and researchers.
BRICS is a relatively young group but has already become one of the most influential international associations. How did this happen? It seems that fundamental changes in the world system in the late 20th-early 21st centuries led to the emergence of BRICS and to the rapid growth of its influence.
The report engages with one of the most crucial questions of our time, the public governance of the digital economy, in particular focusing on the new forms of competitive interaction in the era of digital capitalism. New questions emerge out of the transition from the old to the new economy, which require ‘outside of the box thinking’ in order to inform policymakers and help to broaden the current narratives. Competition authorities have recently engaged in significant preparatory work, often in partnership with academics, in order to reflect on the challenges set by the digital economy to modern competition law enforcement. There have been a number of insightful reports already published the last few months and more work in the making. None of these reports has nevertheless so far engaged with the rapidly developing digital economy of emerging and developing jurisdictions, and in particular the BRICS, which represent a third of the world economy and a significant part of the global digital economy.
Smoking is a problem, bringing signifi cant social and economic costs to Russiansociety. However, ratifi cation of the World health organization Framework conventionon tobacco control makes it possible to improve Russian legislation accordingto the international standards. So, I describe some measures that should be taken bythe Russian authorities in the nearest future, and I examine their effi ciency. By studyingthe international evidence I analyze the impact of the smoke-free areas, advertisementand sponsorship bans, tax increases, etc. on the prevalence of smoking, cigaretteconsumption and some other indicators. I also investigate the obstacles confrontingthe Russian authorities when they introduce new policy measures and the public attitudetowards these measures. I conclude that there is a number of easy-to-implementanti-smoking activities that need no fi nancial resources but only a political will.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.