The economic potential of the brics countries as a challenge to modern world realities

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spelling	The economic potential of the brics countries as a challenge to modern world realities The economic potential of the brics countries as a challenge to modern world realities Today, the governments of various countries, regardless of the level of economic growth of the state, strive to initiate macroeconomic policies aimed at achieving better economic indicators in order to increase the level of business activity and, finally, to ensure a better quality of life for people. In this regard, the policy of the BRICS countries is very indicative. The author analyzes the importance of the BRICS group as representatives of developing countries in the world economy. The article points out that the financial crisis did not have a strong impact on the BRICS group, and its economic performance was much better than that of developed countries. The main factors that led to the economic expansion of the group were the increased influence in a number of markets, as well as the huge scale of resources, including labor. For example, Brazil and Russia rely mainly on huge mineral reserves and speculation in international markets. China has the advantage of cheap labor and resources at low prices. India also relies on cheap labor. Last but not least, all the BRICS countries, except Brazil, demonstrate very high rates of investment. The purpose of the work is to consider the economic potential of the BRICS countries as a challenge to modern economic realities. Streltsov, Evgeny Sergeevich Rozhin, Aleksandr Aleksandrovich Vosiev, Sh. S. Kosnikov, Sergey Nikolaevich economic potential the world economy the BRICS countries. 9 SPE3 Núm. SPE3 , Año 2021 : Número especial: Contexto actual de la educación y la psicología en Europa y Asia Artículo de revista Journal article 2021-03-06T00:00:00Z 2021-03-06T00:00:00Z 2021-03-06 application/pdf Carrera de Psicología, Universidad San Ignacio de Loyola, Lima, Perú. Propósitos y Representaciones 2307-7999 2310-4635 https://revistas.usil.edu.pe/index.php/pyr/article/view/1143 10.20511/pyr2021.v9nSPE3.1143 https://doi.org/10.20511/pyr2021.v9nSPE3.1143 eng https://creativecommons.org/licenses/by-nc-sa/4.0/ Propósitos y Representaciones - 2021 e1143 e1143 https://revistas.usil.edu.pe/index.php/pyr/article/download/1143/1399 info:eu-repo/semantics/article http://purl.org/coar/resource_type/c_6501 http://purl.org/redcol/resource_type/ARTREF info:eu-repo/semantics/publishedVersion http://purl.org/coar/version/c_970fb48d4fbd8a85 info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 Text Publication
institution	UNIVERSIDAD SAN IGNACIO DE LOYOLA
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country_str	Perú
collection	Propósitos y Representaciones
title	The economic potential of the brics countries as a challenge to modern world realities
spellingShingle	The economic potential of the brics countries as a challenge to modern world realities Streltsov, Evgeny Sergeevich Rozhin, Aleksandr Aleksandrovich Vosiev, Sh. S. Kosnikov, Sergey Nikolaevich economic potential the world economy the BRICS countries.
title_short	The economic potential of the brics countries as a challenge to modern world realities
title_full	The economic potential of the brics countries as a challenge to modern world realities
title_fullStr	The economic potential of the brics countries as a challenge to modern world realities
title_full_unstemmed	The economic potential of the brics countries as a challenge to modern world realities
title_sort	economic potential of the brics countries as a challenge to modern world realities
title_eng	The economic potential of the brics countries as a challenge to modern world realities
description_eng	Today, the governments of various countries, regardless of the level of economic growth of the state, strive to initiate macroeconomic policies aimed at achieving better economic indicators in order to increase the level of business activity and, finally, to ensure a better quality of life for people. In this regard, the policy of the BRICS countries is very indicative. The author analyzes the importance of the BRICS group as representatives of developing countries in the world economy. The article points out that the financial crisis did not have a strong impact on the BRICS group, and its economic performance was much better than that of developed countries. The main factors that led to the economic expansion of the group were the increased influence in a number of markets, as well as the huge scale of resources, including labor. For example, Brazil and Russia rely mainly on huge mineral reserves and speculation in international markets. China has the advantage of cheap labor and resources at low prices. India also relies on cheap labor. Last but not least, all the BRICS countries, except Brazil, demonstrate very high rates of investment. The purpose of the work is to consider the economic potential of the BRICS countries as a challenge to modern economic realities.
author	Streltsov, Evgeny Sergeevich Rozhin, Aleksandr Aleksandrovich Vosiev, Sh. S. Kosnikov, Sergey Nikolaevich
author_facet	Streltsov, Evgeny Sergeevich Rozhin, Aleksandr Aleksandrovich Vosiev, Sh. S. Kosnikov, Sergey Nikolaevich
topic	economic potential the world economy the BRICS countries.
topic_facet	economic potential the world economy the BRICS countries.
citationvolume	9
citationissue	SPE3
citationedition	Núm. SPE3 , Año 2021 : Número especial: Contexto actual de la educación y la psicología en Europa y Asia
publisher	Carrera de Psicología, Universidad San Ignacio de Loyola, Lima, Perú.
ispartofjournal	Propósitos y Representaciones
source	https://revistas.usil.edu.pe/index.php/pyr/article/view/1143
language	eng
format	Article
rights	https://creativecommons.org/licenses/by-nc-sa/4.0/ Propósitos y Representaciones - 2021 info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2
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type_version	info:eu-repo/semantics/publishedVersion
type_coarversion	http://purl.org/coar/version/c_970fb48d4fbd8a85
type_content	Text
publishDate	2021-03-06
date_accessioned	2021-03-06T00:00:00Z
date_available	2021-03-06T00:00:00Z
url	https://revistas.usil.edu.pe/index.php/pyr/article/view/1143
url_doi	https://doi.org/10.20511/pyr2021.v9nSPE3.1143
issn	2307-7999
eissn	2310-4635
doi	10.20511/pyr2021.v9nSPE3.1143
citationstartpage	e1143
citationendpage	e1143
url2_str_mv	https://revistas.usil.edu.pe/index.php/pyr/article/download/1143/1399
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