Economic Growth of BRICS Countries and Opportunities of Mutual Trade Relations Expansion

Экономический рост стран БРИКС и возможности расширения взаимных торговых связей

Rogatnykh, Elena (Рогатных, Елена) ()
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Rogatnykh, Elena (Рогатных, Елена): Russian Foreign Trade Academy

Ekonomicheskaya Politika / Economic Policy, 2015, vol. 2, 77-92

Abstract: This article concerns the current economic situation and possible development of trade within BRICS group. The analysis of economic problems and development goals indicates that BRICS countries have common growth priorities. This similarity can serve as a basis for deepening cooperation among countries in future. Consideration of the peculiarities of geographical and commodity exports structure proves that up to now trade complementarity within BRICS group is not very high and it will be not so easy to overcome this situation in near future. That’s why the author proposes to consider development of investment cooperation as a key tool for expansion of trade in goods and services within BRICS group.

Keywords: BRICS; development strategy; modernization of the economy; sustainable development; export structure; trade complementarity; investment cooperation (search for similar items in EconPapers)
JEL-codes: F10 F15 F53 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:e15211

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