The process of economic and political globalization has a major impact
on the integrity and sovereignty of national states. This pressure is felt
most by developing countries and countries in transition. Also, social
inequality is unavoidable for the countries members of BRICS, whose
societies are already under the influence of negative activities of
modern industrial development. Never before, has the economic
activity produced so much material wealth in such a short period of
time, and at the same time, it has degraded the natural environment to
a large degree. Inequality in income between and within the states
themselves is growing. It is reflected in the fact that less and less
wealthy individuals have an increasing share of capital, while, on the
other hand, there is a growing number of those who are below the
poverty line. The working class is evenin a more difficult situation,
taking into account ever worse working conditions and a reduction in
salaries. All this led to the breakdown of the social component.
However, in such social circumstances, the role of the state as a
regulator of economic activities is crucial. The benefits of globalization
have to be evenly distributed, and that is why institutions and policies
are needed to prevent global imbalances of theworld development in
the future. The more and more frequent demands for reducing the role
of the state and its regulations have not been achieved. On the
contrary, its activities have increased in many areas, with only a
changed mode of operation. The emphasis is placed on economic
growth and development, and less on the direct solution of social
issues.