Trade, Policy, and Economic Development in the Web 3.0 Digital Economy: Experiences from BRICS Countries

Poshan Yu (), Xinyu Wang and Lanbei Yin
Additional contact information
Poshan Yu: Soochow University
Xinyu Wang: Soochow University
Lanbei Yin: Soochow University

Chapter Chapter 7 in International Trade and Economic Development in BRICS, 2026, pp 151-170 from Springer

Abstract: Abstract This paper examines the relationship between digital trade policies in BRICS (Brazil, Russia, India, China, and South Africa) countries, their services trade specialization, and integration into global value chains within the Web 3.0 digital economy. Using CiteSpace analysis and comparative case studies, it explores disparities in stablecoin regulations, DeFi anti-money laundering strategies, and regulatory sandbox mechanisms between BRICS and non-BRICS economies. The findings reveal that while BRICS countries have achieved niche services specialization, such as China’s dominance in blockchain infrastructure and India’s growth in digital software export. Regulatory fragmentation hinders their intra-bloc digital trade and global value chain integration, with intra-bloc trade volumes 30% below global averages for regional blocs. In contrast, non-BRICS economies, exemplified by the EU’s Markets in Crypto Assets Regulation and the U.S.’s state-level regulatory agility, have leveraged coordinated frameworks to deepen global value chain participation. The study concludes with policy recommendations, including establishing the BRICS Digital Trade Alliance, expanding South-South technology transfers, and developing a cross-border decentralized finance regulatory sandbox network, to enhance BRICS’ digital trade governance and global value chain integration.

Keywords: Blockchain; BRICS; Decentralized finance; Digital trade policy; Global value chains; Policy coordination; Regulatory sandbox; Web 3.0 (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-981-95-8801-5_7

Ordering information: This item can be ordered from
http://www.springer.com/9789819588015

DOI: 10.1007/978-981-95-8801-5_7

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().