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Prospects of BRICS institutionalization
https://doi.org/10.32609/0042-8736-2015-8-25-42
Abstract
The article discusses the features and stages of institutionalization of BRICS that becomes a real player in world politics and economics. There are 4 models of further institutionalization of BRICS, which will be combined with each other. A promising model that involves the creation of new BRICS institutions, providing a multiple effect on the development of the association, is noted. Among such institutions BRICS Bank for International Settlements and the Free Trade and Investments Zone of BRICS are offered.
Keywords
BRICS,
models of institutionalization,
Bank for InternationalSettlements,
free trade zone,
BRICS summit
JEL: F02, F15, F42, F55, G18
References
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4. BIS (2013). Triennial Central Bank Survey. Foreign exchange turnover in April 2013: preliminary global results. Bank for International Settlements, Monetary and Economic Department. September.
5. UNCTAD (2014). World Investment Report 2014. Investing in the SDGs: An action plan. N. Y.; Geneva: United Nations Publ.
6. UNCTAD (2015). World Investment Report 2015. Reforming international investment governance. N. Y.; Geneva: United Nations Publ.
Review
For citations:
Kheyfets B. Prospects of BRICS institutionalization. Voprosy Ekonomiki. 2015;(8):25-42. (In Russ.) https://doi.org/10.32609/0042-8736-2015-8-25-42
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