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

Author

Listed:
  • Rogatnykh, Elena

    () (Russian Foreign Trade Academy)

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.

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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    More about this item

    Keywords

    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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