Book chapter
БРИКС: сходство проблем и интересов
Africa can engage with BRICS to achieve trade and sustainable development goals.
The BRICS group of Brazil, Russia, India, China and South Africa, which was hosted by Russia for its first meeting of BRIC members at Yekaterinburg on 16 June 2009, has evolved into a plurilateral summit institution recognized both by former sceptics and proponents as a major participant in the international system. Ever since, the BRIC has grown institutionally, developed into the BRICS with the inclusion of South Africa, expanded its agenda and the intensity of interaction among its members, and demonstrated its capacity to deliver on a wide range of decisions, the latest examples being the New Development Bank, the BRICS Contingent Reserve Arrangement, the Cooperation Agreement on Innovation and the Memorandum of Understanding on Cooperation among BRICS Export Credit Insurance Agencies.
The current best practices in measuring, monitoring, and forecasting economic cycles are drawn from the experience of mature economies such as the USA, Japan, and several Western European countries. Meanwhile, there are a lot of peculiarities in emerging economies that should be kept in mind when developing a system for tracking and forecasting their short-run dynamics. In the literature, there have been numerous attempts to apply the international best practices to emerging economies, but these attempts have usually been sporadic. The experience of the BRICS economies accumulated in this book allows for a fresh look on the problem of the development and use of cyclical indicators and is potentially useful for other emerging countries.
The monograph explains the position of BRICS in the international legal space of the modern world and analyzes the legal format of cooperation between member states.
Special attention is given to the conceptual framework for the development of BRICS and its interaction with other subjects of international law, priorities and pros- pects for strengthening its positions in the emerging polycentric world.
The monograph is aimed at scientists, legal practitioners and experts, representa- tives of international organizations, state bodies, business people and all those who are interested in in the integration processes of the formation of BRICS.
The author analyzes regulation of anti-corruption compliance in BRICS countries and application of these norms in companies. He also gives general overview of main obligations of companies, requirements for the development of the Code of business ethics, Anti - corruption policy, main anti – corruption standards and procedures, the system of risk – assessment and identification of suspicious transactions.