ROLE AND SIGNIFICANCE OF BRICS
DOI:
https://doi.org/10.61837/mbuir030225115jKeywords:
BRICS, dynamics, world scene, international flowsAbstract
The contemporary global landscape is characterized by continuously evolving socio-economic and political dynamics, in which a special place is occupied by the group of countries known as BRICS - Brazil, Russia, India, China and South Africa. This heterogeneous alliance arose from sharing common interests and aspirations in order to articulate their voices in the international arena. The ability of BRICS to assert itself as a significant actor on the world stage raises questions about the dynamics of global relations, economic stability and diplomatic interactions. This grouping, with its varied geographical distribution and economic power, is positioned as a key factor in shaping international flows and influences. Therefore, understanding the motivations, goals and challenges arising from this cooperation provides a deeper insight into the global political and economic paradigm.
References
Dragičević, O. (2016). “The Bretton Woods Institutions Have No Alternative: Is the Asian Infrastructure Investment Bank a Threat to Existing International Financial Institutions?” International Politics, 67(1164), 24-41.
Dugalić N. (2020) The role and importance of BRICS countries in the modern global economy, Faculty of Economics, University of Kragujevac, Kragujevac;
Ilić, B., Praća, N., Kolarski, I. (2016). “Economicpolitical aspects of the new world order”. Auditormagazine for Management, Finance and Law, 2(3), 49-62.
Stamatović Lj. (2021) Research on economic growth factors in BRICS countries, Belgrade Banking Academy, Union University, Belgrade;
Crnić M., Stefanović A. (2018) “BRICS in contemporary global economic relations: history, achievements, challenges”, International Politics year LXIX, number 1171, pp. 84-99.
Bali S., Demir E. (2015) “Impact of the Global Financial Crisis on BRICS and PIIGS Countries”, Social Sciences Journal of the Eurasian Academy of Sciences, vol. 2.
