Unlocking New Horizons in International Trade for BRICS and Other Developing Countries: Improving Living Standards

Authors

  • Александр Николаевич Захаров
  • Мухайёи Асомидин Рахимзода

DOI:

https://doi.org/10.24412/2072-8042-2023-11-45-54

Keywords:

BRICS, international trade, developing countries, living standards

Abstract

BRICS is an informal interstate association the infl uence of which is based on the growing economic power of the member countries, as well as their importance as one of the main driving forces in the global economy with large population and vast natural resources. The BRICS countries are active participants of global trade with an 18% share in global exports. The article examines new prospects for foreign trade of the BRICS countries with developing countries. The authors assess the role of BRICS in the global economy and its importance in reducing poverty in developing countries, identify key factors infl uencing economic cooperation, and highlight development projects in these countries. The authors emphasize the role of international trade as a tool for sustainable development and increasing prosperity

Author Biographies

Александр Николаевич Захаров

Доктор экономических наук, профессор , Всероссийская академия внешней торговли, кафедра мировой и национальной экономики, профессор

Мухайёи Асомидин Рахимзода

Университет Корвинуса в Будапеште, Институт международных отношений и политологии, соискатель степени Ph.D департамента Мировой экономики

Published

2023-12-21

How to Cite

Захаров, А. Н., & Рахимзода, М. А. (2023). Unlocking New Horizons in International Trade for BRICS and Other Developing Countries: Improving Living Standards. Russian Foreign Economic Journal, (11), 45–54. https://doi.org/10.24412/2072-8042-2023-11-45-54

Issue

Section

Foreign trade activity

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