Trade and economic indicators of BRICS countries in 2015–2020

2020 ◽  
pp. 22-30
Author(s):  
Ilya Antonovich Aksenov
Keyword(s):  
Foreign Trade ◽  
Market Integration ◽  
Developed Countries ◽  
Economic Indicators ◽  
Mutual Trade ◽  
Brics Countries ◽  
Level Of Economic Development ◽  
Economic Trends ◽  
Foreign Trade Turnover

Ensuring stable economic growth of the countries of the BRICS integration group presupposes the intensifi cation of mutual foreign trade turnover. In the article, the author examines the evolution of approaches of the BRICS member countries to the development of mutual foreign trade, identifi es the factors infl uencing the growth of trade. Noteworthy is the common position of the BRICS countries on global trade policy, their support for the existing rules of the multilateral trading system with the central role of the WTO. The article is devoted to the refl ection and systematization of the peculiarities and identifi cation of the prospects for the development of trade and economic indicators of the BRICS countries. The role of China as a fundamental trading partner of the BRICS countries is determined. The role of bilateral cooperation between the BRICS countries and their role in the development of the integration group is refl ected. The prevailing trade positions in international trade of each of the BRICS countries are considered. The main priorities of the BRICS countries are identified and promising areas, sectors and markets that can form a synergistic eff ect and mutual benefits are reflected. The analysis of the growth rates and GDP growth of the BRICS countries is carried out. The potential, dynamics and commodity structure of mutual trade for the period from 2015 to 2019 is analyzed. Indicators of the level of economic development of the BRICS countries are reflected and compared with developed countries. It was stated that the current economic situation, both throughout the world and in the BRICS countries, negatively aff ects the international and intra-integration fl ows of goods and investments. To overcome negative global economic trends, recommendations have been formulated to improve the tools for market integration of the BRICS countries. and commodity structure of mutual trade for the period from 2015 to 2019 are analyzed.

scholarly journals Trade and Economic Cooperation within the Framework of BRICS

2021 ◽  
Vol 15 (3) ◽  
pp. 44-54
Author(s):  
S. N. Pogodin ◽  
T. S. Yagya
Keyword(s):  
Foreign Trade ◽  
Statistical Data ◽  
Economic Cooperation ◽  
Gdp Growth ◽  
Mutual Trade ◽  
Brics Countries ◽  
Trade Turnover ◽  
Foreign Trade Turnover ◽  
National Economies

The article is devoted to trade and economic cooperation between Russia and the BRICS membercountries and trade cooperation within the BRICS Union. First, the authors study the peculiarities ofthe development of the BRICS member countries and the possibilities of their trade cooperation withinthe framework of this association. Trade and economic cooperation within the BRICS group is beingconsidered: structure of export and import supplies, dynamics of foreign trade turnover and features ofmutual trade. Authors consider the complementarity of the national economies of the BRICS countries,about the competitive directions of each of its countries in the provision of certain services. The focusis on the study of trade and economic cooperation between Russia and the BRICS member countriesin recent years. The article analyzes the export, import, and foreign trade turnover of Russia with each country of this organization. At the same time, all the calculations in the article are made independently based on statistical data. The authors identify the specifics of Russia’s trade cooperation within the BRICS grouping, draws relevant conclusions, and discusses the investment direction as a component of the growth of trade cooperation, the increase in foreign trade turnover, and GDP growth. 

scholarly journals THE IMPACT OF M&A TRANSACTIONS ON THE GROWTH OF THE BANKS’ MARKET VALUE

2021 ◽  
Vol 5 (40) ◽  
pp. 45-54
Author(s):  
L. Prymostka ◽  
N. Pantielieieva ◽  
I. Krasnova ◽  
V. Lavreniuk ◽  
O. Lytvynenko
Keyword(s):  
Economic Development ◽  
Mergers And Acquisitions ◽  
Banking Sector ◽  
Jel Classification ◽  
Economic Indicators ◽  
Level Of Economic Development ◽  
Banking Business ◽  
Economic Trends ◽  
The Impact ◽  
The Relationship

Abstract. The globalization of markets, the need to comply with modern economic trends and introduce new technological solutions to increase the profitability of the banking business have significantly intensified the processes of mergers and acquisitions in the banking sector. M&A processes are long and complex, their results are difficult to forecast in lack of actual detailed research. The diversity of the results of the available research requires updating the data based on larger volumes of transactions and larger time intervals. The purpose of the article is to substantiate two hypotheses: first, the impact of M&A agreements especially on the increase in the value of banks; and impact of factors that show economic development level on the value of banks. The object of the study is the relationship between the value of commercial banks in domestic and foreign financial markets, M&A agreements, as well as economic indicators published by the World Bank and measuring the level of economic development of countries. The article uses statistical modeling method. The constructed model of linear regression allows to state that the fact of influence of M&A on growth of cost of consolidated banks is fair for 54.8% of cases. The study shows that the M&A processes have the greatest impact on the value of banks in the interval of 3—5 years after the conclusion of the agreement. Analysis of the relationship between economic indicators and the growth of bank value shows that the greatest impact on the value of banks has percent of the growth of GDP and GDP per capita, but the low value of the determinant at 22.9% indicates a low dependence of bank value on the level of economic indicators in general. It was found that external factors do not directly affect the growth in the value of banks in the process of M&A transactions. The question of expanding the system of factors that will influence the M&A processes and, as a consequence, the value of the banks, will be the subject of further research. Keywords: globalization of markets, mergers and acquisitions of banks, consolidation, M&A dynamic, market capitalization, bank value. JEL Classification Е44, Е47, G14 Formulas: 2; fig.: 4; tabl.: 4; bibl.: 14.

Strategies of International Trade

2018 ◽  
pp. 381-414
Author(s):  
Alain Bresson
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Food Production ◽  
Ancient Greece ◽  
International Market ◽  
Institutional Logics ◽  
Mutual Trade ◽  
Grain Trade ◽  
Trade Partners

This chapter examines the strategies employed in international trade in ancient Greece. It explains how the rules of trade and the distribution of “natural advantages” played the role of a system of constraints within which genuine strategies of foreign trade could be constructed. To better understand the specificity of these trade strategies, the chapter first considers the two institutional logics that prevailed in the international market: the first consisted in setting up a “surpluses for surpluses” trade strategy; the second allowed trade partners to act freely. The notions of mutual trade and nondirectional trade are discussed, along with the case of grain. The chapter also looks at the strategies used by cities to control grain trade, such as laws prohibiting grain exports, before concluding with an analysis of the grain policy of Athens as well as food production and supply in Aegean cities.

scholarly journals Content and Functional Purpose of the Duty in Modern Conditions

2021 ◽  
Vol 8 (3) ◽  
pp. 123-133
Author(s):  
Halyna B. Pohrishchuk ◽  
Ruslan Ye. Voloshchuk
Keyword(s):  
Foreign Trade ◽  
Developed Countries ◽  
World Trade Organisation ◽  
Regulatory Function ◽  
National Interests ◽  
The World ◽  
Foreign Trade Activity ◽  
Definition Of ◽  
Functional Purpose

The duty as a source of budget formation and a regulator of foreign trade activity contributes to improving the macroeconomic situation and the state's entry into the international trade community. Therefore, the study of the essence and functional purpose of the duty becomes particularly relevant since it makes it possible to increase the efficiency of its functioning in modern conditions. The purpose of the study is to consider the tax and foreign trade nature of the duty, establish its essence and specific characteristics, identify the main functions and substantiate changes in the roles of duty functions in modern conditions. The specifics of the scientific tasks that make up the subject of research required the use of a set of special methods (general scientific and private scientific, theoretical and empirical), the use of which helped identifying the content of the duty, consider its functional purpose and establish the reasons for the weakening of the role of duty functions in different countries of the world. In the course of the study, two approaches to the interpretation of the essence of duty were established: as a tax and as a specific foreign trade payment. The author's definition of the duty was proposed and its main essential characteristics were clarified. It has been established that there are no unified approaches to the definition of duty functions in the scientific literature, and only two main ones (fiscal and regulatory) are substantiated. It was also covered that due to the entry of most countries into the World Trade Organisation and the establishment of restrictions on the growth of customs rates, the regulatory function of the duty is weakening. It was established that in developed countries, due to international restrictions on the application of custom rates, the role of the fiscal function of duty has decreased. It was determined that in less developed countries, in conditions of limited budget revenue sources, the fiscal function of duty continues to be the main one. The practical value of the study lies in the fact that clarifying the content and functions of duty in modern conditions makes it possible to increase the effectiveness of customs tariff regulation to protect national interests during the intensification of international integration processes

scholarly journals Current directions and areas of cooperation between Russia and Turkey

2021 ◽  
Vol 9 (1) ◽  
pp. 86-90
Author(s):  
Natal'ya Budarina ◽  
Ilyas Ibragimov
Keyword(s):  
Economic Policy ◽  
Foreign Trade ◽  
Economic Cooperation ◽  
Scientific Article ◽  
Investment Climate ◽  
Bilateral Agreements ◽  
Mutual Trade ◽  
Trade Turnover ◽  
Volume Of Trade

The research of the scientific article is devoted to topical areas of trade and economic cooperation between Russia and Turkey. Problems were identified both in the implementation of mutual trade between the two countries and in the implementation of bilateral agreements. The main directions for increasing trade turnover and creating a favorable investment climate are identified. The volume of trade turnover is considered in the foreign trade statistics for the results of 2019 and the first half of 2020. The role of agreements signed at the level of heads of organizations and departments of the two countries that ensure the implementation of economic policy is revealed.

Role of External and Domestic Demand in Economic Growth: A Study of BRICS Countries

2019 ◽  
Vol 21 (2) ◽  
pp. 547-566 ◽  
Author(s):  
Bibhuti Ranjan Mishra
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
Domestic Demand ◽  
Impulse Response Functions ◽  
Domestic Investment ◽  
Causality Analysis ◽  
Brics Countries ◽  
External Demand ◽  
The Impact

Despite the global downturn since 2008, the growth in BRICS countries as a group is least hampered as compared to the growth in the world, in general, and developed countries, in particular. Is it due to the strong domestic demand factors or external factors is an empirical question to be answered. Further, some economists are promulgating for a new development strategy of domestic demand-led growth. Hence, this article tries to examine the role of domestic and external demand to growth in BRICS countries. Domestic investment is taken to explore the impact of domestic demand on growth, while export and import variables are used to investigate the role of external demand in economic growth. To cater to the objective, causality analysis is done among exports, imports, domestic investment and economic growth using the vector auto regression analysis. Generalized impulse response functions are plotted to get an insight of dynamic interrelationships among these variables. The results are country-specific and mixed evidence of export-led and domestic demand-led growth is found depending on the individual countries of BRICS.

Current directions and areas of cooperation between Russia and Turkey

2021 ◽  
pp. 193-198
Author(s):  
Н.А. Бударина ◽  
И.Р. Ибрагимов
Keyword(s):  
Economic Policy ◽  
Foreign Trade ◽  
Economic Cooperation ◽  
Investment Climate ◽  
Bilateral Agreements ◽  
Mutual Trade ◽  
Research Article ◽  
Trade Turnover ◽  
Volume Of Trade

Исследование научной статьи посвящено актуальным сферам торгово-экономического сотрудничества России и Турции. Выявлены проблемы как при осуществлении взаимной торговли двух стран, так и при реализации двусторонних соглашений. Определены основные направления по увеличению торгового оборота и формированию благоприятного инвестиционного климата. Объемы товарооборота рассмотрены в статистике внешней торговли по итогам 2019 и полугодия 2020 гг. Выявлена роль соглашений, подписанных на уровне руководителей организаций и ведомств двух стран, обеспечивающих реализацию экономической политики. The research article focuses on current areas of trade and economic cooperation between Russia and Turkey. It reveals problems both in mutual trade between the two countries and in the implementation of bilateral agreements. The main directions for increasing trade turnover and creating a favorable investment climate are identified. The volume of trade turnover is considered in the foreign trade statistics for the results of 2019 and the first half of 2020. The role of agreements signed at the level of heads of organizations and departments of the two countries that ensure the implementation of economic policy is revealed.

scholarly journals The Role of BRICS in International Development Assistance

2020 ◽  
Vol 15 (2) ◽  
pp. 125-140
Author(s):  
Shuyong Guo ◽  
◽  
Yulin Sun ◽  
Pavel Demidov ◽  
◽  
...  
Keyword(s):  
South Africa ◽  
Foreign Aid ◽  
International Development ◽  
Development Assistance ◽  
Developed Countries ◽  
Economic Power ◽  
Future Prospects ◽  
Brics Countries ◽  
The Future

With their growing economic power and international influence, the BRICS group of Brazil, Russia, India, China and South Africa are paying increasing attention to international development assistance. Although the BRICS countries started later than western developed countries, the speed of their development is staggering and their share in foreign aid is gradually increasing. The BRICS countries continue to innovate forms of assistance and cooperation in their own international development assistance, to strengthen cooperation with recipient countries, and to plan their own foreign aid work through the establishment of relevant institutions and the publication of relevant documents. But, at the same time, the BRICS countries are facing certain challenges in the process of international development assistance. This article examines the historical practice of BRICS’ international development assistance, analyzes the role BRICS plays in international development assistance, and considers the future prospects for BRICS’ participation.

scholarly journals Long-term retrospective trends in the EU foreign trade development with the UK, USA and China

2020 ◽  
pp. 23-43
Author(s):  
L. L. Razumnova
Keyword(s):  
Foreign Trade ◽  
The United States ◽  
The European Union ◽  
Trade Turnover ◽  
The Uk ◽  
Foreign Trade Turnover ◽  
Quantitative Indicators ◽  
Changing Role

Based on the latest data, the article examines the quantitative indicators of foreign trade in goods of the European Union (EU27) over the past 15 years with states that are not part of this economic grouping. Trends in the structure and dynamics of foreign trade turnover are revealed, including those determined by changing role of Great Britain and the United States in connection with Britain's secession from the Union (Brexit) in January 2020. In particular, there is a convergence in the growth rates of the studied countries group and an increase in its share in EU imports while reducing the share in merchandise exports. The quantitative trends of changes in the trade balance and commodity structure are analyzed. The author identifies the most significant factors determining the development of EU commodity exchange, comprising the role of US oil exports and anti-Russian sanctions. Some promising areas of research on this issue are determined with consideration of the results obtained by Russian and foreign scientists, such as competitiveness and the formation of the global value chains.

Structura economiei regiunii economice de sud a Republicii Moldova între anii 2013-2017

2020 ◽  
Author(s):  
Adelina Revenco ◽  
Keyword(s):  
Developed Countries ◽  
Main Role ◽  
Economic Region ◽  
Comprehensive Overview ◽  
Services Sector ◽  
The Social ◽  
Level Of Economic Development ◽  
Economic Trends ◽  
The Republic ◽  
The Developed Countries

The current structure of the economy of Moldova is getting closer to that of the developed countries, where the main role as a share in the formation of the GDP is played by the services sector, being followed by the industry and the lower weight returning to agriculture. The analysis of the existing situation within the Southern Economic Region is designed to create a comprehensive overview of the social and economic trends of development of the region, whose main purpose is to evaluate the level of economic development, which includes the sectorial profile, and the comparative analysis with the average on the republic of the dynamics of the structure of the economy sectors of the region.

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