| Publication |
2012.
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| Summary/Abstract |
THE MAN WHO COINED the acronym BRIC probably did not even imagine that it would later be filled with real content and would acquire viability. Indeed, the nations that became part of this association are located at the most different points of the planet - in Asia, Africa, Europe, and Latin America. Nevertheless, the development of the economic structures of the BRICS countries has brought about a diversification of the world economy and global market, previously focused mainly on the U.S. and Western countries. In the process of the reform of global economic governance, these countries stand on similar ground; they strengthen coordination of actions and cooperate with each other. These countries are at similar stages of development and tackle approximately the same tasks: economic growth, internal stability and social development. Their advantage lies in the fact that their economies are complementary, which provides a broad field for cooperation within the scope of one organization and with the rest of the world. It is safe to say that the BRICS countries are active supporters and practitioners of global partnership for development and a bridge for North-South dialogue and cooperation
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