RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods

  • ISSN (Print) 0424-7388
  • ISSN (Online) 3034-6177

Trade and Economic Relations between the USA and the BRICS Countries

PII
S268667300010628-0-
DOI
10.31857/S268667300010628-0
Publication type
Article
Status
Published
Authors
Volume/ Edition
Volume / Issue 8
Pages
52-69
Abstract

During the last two decades, the five BRICS countries actively developed their economy, strengthened the trade and investment cooperation with USA and other developed countries, took the lead in some international problems. At present the B BRICS countries constitute a fledgling club that aims to coordinate positions and work jointly towards reforming global economic governance to make it better reflect the realities of twenty-first century. The five BRICS countries pretend to be permanent regional leaders. They have great natural resources, big industrial potential and large population. Today these countries turned into political reality which world should take into consideration. Active participation of countries in the BRICS club widen their possibilities to cooperate with USA, biggest market economy in the world and strengthen their position in the world as a real means to realize idea of multipolar world.

The dynamics, volume and structure of trade and direct investment of both sides are analyzed in this article, main disagreements between countries concerned are shown and the prospects of development of mutual trade and investment are considered.

Keywords
foreign trade of BRICS countries, export and import of direct investment by BRICS club, macroeconomic indexes of countries of this group, contradictions between five BRICS countries and USA
Date of publication
31.07.2020
Year of publication
2020
Number of purchasers
30
Views
6699

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