My studies are concentrated on BRICS comparison before and after financial crisis and especially for BRAZIL and SOUTH AFRICA I would thank for any macroeconomic and cultural news
The fact that the BRICS came together for the first time after the global economic crisis of 2008 can hardly be overlooked. The financial crisis of 2008 highlighted the vulnerabilities of the global financial system that was dominated by banks and financial institutions of the US and Europe. As it moved ahead, the BRICS would experience bigger challenges. One of the biggest challenges that it faces now is the rapid change in the global order that has made the BRICS members, particularly Russia, China and India, very prominent actors in regional and global affairs. This has happened due to the US inability to stay constructively engaged in various global and regional issues and also due the BRICS members gaining in geo-economic and political significance over time.
I have found related study maybe it help. Please follow the link
https://www.um.edu.mt/library/oar/handle/123456789/6058
Every type of techno-economic cooperation in trade and industry is an important piece of peace. The BRICS group is factually heterogenous, but with many similar investment parameters, in statistical terms. The Eurasian Economic Union Project, with a newly designed currency, will definitely mark a difference on the motion of world markets. Consequently, there is a lot of alternative market potential, if the BRICS cohesion intensifies.
Thank you very much, dear Stephen.
I am not sure if you´re right about " The Eurasian Economic Union Project, with a newly designed currency, will definitely mark a difference on the motion of world markets" but I am taking a closer look after this. Including the upsurge of cryptocurrency, that I believe that will have a strong influence on monetary politics around the BRICS and the World. If you have an interest on it, I csan keep you informed.
Sustaining growth and addressing the equity challenge in the long run will require the BRICS countries to strengthen capacities for production and innovation, while improving links with the global knowledge economy. This will be possible only if countries take an integrated approach to development. Identifying priorities, aligning activities aimed at scientific and technological development, and upgrading production capacities will need to be accompanied by targeted actions addressing skills-based, financial and infrastructural obstacles. Barriers and incentives differ from country to country; there will be no single, unique response. Each country has to develop its particular, innovative way of shaping its own development trajectory.
https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=34&cad=rja&uact=8&ved=0ahUKEwiys7SDzezXAhVLuI8KHdi3Cfg4HhAWCDgwAw&url=http%3A%2F%2Fwww.sgi-network.org%2Fbrics%2Fpdf%2FBRICS_Economy_and_Social_Affairs.pdf&usg=AOvVaw0bTahY3WyUz2cJWqbnFT8L
It seems to me that the economic changes and consequences in the countries that make up the BRICs, after the most recent financial crisis, have already appeared and will continue to appear as the United States loses global hegemony in economic matters, and its currency the dollar, is replaced for another backed with "real gold", like the yuan.
In my opinion, the BRICS countries need a short-term and long-term program, and this planning must be designed with regard to potential, resources, and the program must be in a way that will be ranked secondarily to achieve the main goal and progress of each member. And if the plan is consistent and objective, in the event of a crisis, it will not affect the country, and it will be a disaster for the member countries as a result.
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