Comparative assessment of the fulfillment of collective obligations by members of the G20 and BRICS[Сравнительная Оценка Исполнения Коллективных Обязательств Членами "Группы Двадцати" И Брикс]

This paper presents the results of a compliance analysis for the G20 and BRICS commitments made at Hamburg and Xiamen summits in 2017, provides comparative assessment of the G20 and BRICS compliance for promotion of Russia’s economic priorities and puts forward recommendations for promotion of Russia’s policy priorities. The G20 compliance performance results reflect major trends in modern world economy: deepening digitalization, search for a compromise in climate change agenda, the dual nature of international trade with rising protectionism stifling liberalization, the absence of agreement on the refugees’ problem. The compliance with the Xiamen summit commitments is high, though a bit lower than with the last year’s summit, which is connected with the large number of commitments, their more ambitious character, more precise wordings and longer time-lines needed for compliance. A comparative analysis of the G20 and BRICS compliance confirms that in the G20 cooperation and implementation of decisions in the field of employment, digital economy, financial regulation, financial institutions and international trade system reform should be pursued. In BRICS it is necessary to consolidate and expand practical cooperation in the fields of healthcare, technology transfer, ICT and expanding Internet access, developing SMEs and promoting their participation in global value chains. At the same time coordination of positions with the BRICS partners on key global governance issues and efforts for their promotion in the agenda of other international institutions should be strengthened.