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


  • Rogatnykh, Elena

    () (Russian Foreign Trade Academy)


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.

Suggested Citation

  • Rogatnykh, Elena, 2015. "Economic Growth of BRICS Countries and Opportunities of Mutual Trade Relations Expansion," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 77-92.
  • Handle: RePEc:rnp:ecopol:e15211

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    References listed on IDEAS

    1. K. Yudaeva., 2014. "On the Opportunities, Targets and Mechanisms of Monetary Policy under the Current Conditions," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
    2. Claudio Borio & Piti Disyatat, 2010. "Unconventional Monetary Policies: An Appraisal," Manchester School, University of Manchester, vol. 78(s1), pages 53-89, September.
    3. S. Drobyshevsky & P. Kadochnikov & S. Sinelnikov-Murylev., 2007. "Some Issues of Monetary and Exchange Rate Policy in Russia in 2000—2006 and in the Short-term Outlook," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
    4. Kotaro Ishi & Kenji Fujita & Mark R. Stone, 2011. "Should Unconventional Balance Sheet Policies Be Added to the Central Bank toolkit? a Review of the Experience so Far," IMF Working Papers 11/145, International Monetary Fund.
    5. Bindseil, Ulrich, 2004. "Monetary Policy Implementation: Theory, past, and present," OUP Catalogue, Oxford University Press, number 9780199274543.
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    More about this item


    BRICS; development strategy; modernization of the economy; sustainable development; export structure; trade complementarity; investment cooperation;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations


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