Financial Markets BRICS: The Analysis of Competitive Advantages
Financial Markets BRICS: The Analysis of Competitive Advantages
Author(s): Alexander Vladimirovich Novikov, Tatyana Sergeevna NovikovaSubject(s): Economy, Business Economy / Management, Financial Markets, Accounting - Business Administration
Published by: ASERS Publishing
Keywords: financial strategy development; competitive advantages; BRICS; global competitiveness Index of the world economic forum; financial market; financial centers;
Summary/Abstract: Analyzing the present range of economic and political inter-state cooperation in the world, it may be noticed that foundation of their alliances and associations based both on the principles of equality and supremacy of a main partner. One of such equal associations is the treaty among Brazil, Russia, India, China, and South Africa known as the BRICS. The article reveals the financial development strategy of the BRICS. It is researched resource potential ofthe BRICs as a basis of financial development. Suggested three directions forming a strategy of financial development of BRICS. Identified competitive advantages of the BRICS in the creation of a favorable institutional and macroeconomic stability, improve market sophistication and world financial centers. The results obtained can be the basis for the development of specific activities on the formation of the strategy of the financial development of the BRICS with the positions of their competitiveness.
Journal: Journal of Advanced Research in Law and Economics (JARLE)
- Issue Year: VII/2016
- Issue No: 18
- Page Range: 887-901
- Page Count: 16
- Language: English
- Content File-PDF