Russia and BRICS
BRICS as an independent international political organization of leading, emerging economies, included big and developing countries: Brazil, Russia, India and China. The most serious problems: dealing with construction permits, starting a business.
| Рубрика | Международные отношения и мировая экономика |
| Вид | статья |
| Язык | английский |
| Дата добавления | 10.03.2013 |
| Размер файла | 116,9 K |
Отправить свою хорошую работу в базу знаний просто. Используйте форму, расположенную ниже
Студенты, аспиранты, молодые ученые, использующие базу знаний в своей учебе и работе, будут вам очень благодарны.
Размещено на http://www.allbest.ru/
Russia and BRICS
BRICS is an international political organization of leading, emerging economies, resulting that established in 2010. BRIC included 4 big and developing countries: Brazil, Russia, India and China. The BRICS forum, an independent organization, encouraging commercial cooperation between the BRICS nations was founded in 2011 and includes already five members as Brazil, Russia, India, China and South Africa. With the exclusion of Russia the BRICS members are all developing or newly developed industrial countries, recognized by their large economies and significant influence in regional and global matters.
The BRICS are the world's leading emerging economies. Especially in the last decade, they have been characterized by rapid economic growth and industrialization. Brazil is known for agricultural products, Russia is the biggest exporter of mineral resources, India has cheap intellectual resources, China is owner of cheap workforce and South Africa is known for rich natural resources.
But according to the report, all of the BRICS nations face the most serious problems primarily in:
1. Dealing with construction permits.
2. Starting a business.
One of the key problems faced by all BRICS nations is the large amount of red tape that must be waded through to get a construction permit.
Russia has the largest number of formalities that must be completed to get a construction permit - 51, in other words, in this respect Russia is kind of a `leader'. South Africa only has 31 formalities while China and India have 33 and 34 respectively. The average number of days taken up by each formality varies between 7 and 9. Thus in Russia getting all the necessary approvals can take up to 423 days. However, despite the fact that Brazil only has 17 formalities, i.e. only a third of the amount that must be completed in Russia, the time for going through all of them is 469 days, i.e. on average, in Brazil completing each formality takes 27 days.
Construction permits are most expensive (in % of per capita income) in India - 1,631.4 and cheapest in South Africa at 21.2. In Brazil they cost 40.2% of per capital income, in China - 444.1 and in Russia - 183.8.
Thus getting a construction permit in the BRICS countries is quite an undertaking. But starting your own business is just as challenging (see Figure 1).
The easiest BRICS country to start a business in is South Africa, you have to go through just 5 formalities and the whole process would take you 19 days. Russia is also relatively business friendly - there are just 9 formalities taking up a total of 30 days. These two countries also have the lowest cost of starting a business in terms of percentage of per capita income: 2.0 and 0.3 respectively. China has the largest number of formalities for starting a business - 14, while in Brazil opening a business of your own takes the longest - 119 days; the most expensive is India where you would have to shell out 46.8% of per capital income if you wanted to start a business.
Fig. 1. Starting a business
According to the annual report `Doing Business 2012' prepared by the World Bank, Russia was ranked 120th out of 183 countries in the Ease of Doing Business rating. Among the BRICS nations in the rating, Russia is right in the middle, below South Africa and China (with 35th and 91st positions respectively) and above Brazil and India (in 126th and 132th places respectively).
Since last year Russia has climbed up by 4 positions. This improvement in the country's rating resulted from a number of reforms implemented in Russia: made getting electricity less costly by revising the tariffs to connection, eliminating of requirement to obtain cadastral passport on land plots, filing a commercial case easier by introducing an electronic case filing system and made trading across borders easier by reducing the number of documents needed for each export/ import transaction and lowering the associated cost.
That's shows that Russia can develop very fast in such environment and also Russia has great potential to make bigger results and impact on international area.
Vyacheslav Nikonov, head of the board of the National Committee for BRICS Studies, said that BRICS countries have been quite successful in the past years. Some of them have not even experienced the economic crisis or, at least, managed to preserve tangible economic growth in the period when the developed countries were experiencing serious problems. Now they all have already completed recovery from the crisis and are the main engines of the global economic growth, first of all, China and India. Also there are very good economic and trade cooperation among BRICS countries, saying some have become the others' largest trading partners. For example, China has become such a partner of Russia, overtaking Germany in 2010 for the first time. Their trade volume grows, as well as commodities and goods, mutual investments and so on. BRICS countries have made much efforts to push the world toward a more just economic and political order, but still, the countries have huge potential to further promote their cooperation in economy and other fields.
organization international country business
Размещено на Allbest.ru
...Подобные документы
The Soviet-Indian relationship from the Khrushchev period to 1991 was. The visit by Indian prime minister Jawaharlal Nehru to the Soviet Union in June 1955 and Khrushchev's return trip to India in the fall of 1955. Economic and military assistance.
аттестационная работа [23,4 K], добавлен 22.01.2014The study of the history of the development of Russian foreign policy doctrine, and its heritage and miscalculations. Analysis of the achievements of Russia in the field of international relations. Russia's strategic interests in Georgia and the Caucasus.
курсовая работа [74,6 K], добавлен 11.06.2012Content of the confrontation between the leading centers of global influence - the EU, the USA and the Russian Federation. Russia's military presence in Syria. Expansion of the strategic influence of the Russian Federation. Settlement of regional crises.
статья [34,8 K], добавлен 19.09.2017Regulation of International Trade under WTO rules: objectives, functions, principles, structure, decision-making procedure. Issues on market access: tariffs, safeguards, balance-of-payments provisions. Significance of liberalization of trade in services.
курс лекций [149,5 K], добавлен 04.06.2011Natural gas is one of the most important energy resources. His role in an international trade sector. The main obstacle for extending the global gas trading. The primary factors for its developing. The problem of "The curse of natural resources".
эссе [11,4 K], добавлен 12.06.2012Mission, aims and potential of company. Analysis of the opportunities and threats of international business. Description of the factors that characterize the business opportunities in Finland. The business plan of the penetration to market of Finland.
курсовая работа [128,3 K], добавлен 04.06.2013Russian Federation Political and Economic relations. Justice and home affairs. German-Russian strategic partnership. The role of economy in bilateral relations. Regular meetings make for progress in cooperation: Visa facilitations, Trade relations.
реферат [26,3 K], добавлен 24.01.2013Organisation of the Islamic. Committee of Permanent Representatives. Conference International Islamic Court of Justice. Independent Permanent Commission on Human Rights. Cooperation with Islamic and other Organizations. Peaceful Settlement of Disputes.
реферат [22,2 K], добавлен 21.03.2013The value of cultural behavior for a favorable business environment at the international level. Proper negotiations between the companies. Short-term or Long-term the Attitude. Formal or Informal. Direct or Indirect. Punctuality, stages of negotiation.
реферат [12,2 K], добавлен 24.02.2016Крупнейшие азиатские транснациональные корпорации и их деятельность на рынках Центральной и Восточной Европы: China Construction Bank, Toyota Motor Corporation, Samsung Group. Распределение бизнеса электронной промышленности Samsung по регионам.
контрольная работа [32,0 K], добавлен 26.09.2012Currency is any product that is able to carry cash as a means of exchange in the international market. The initiative on Euro, Dollar, Yuan Uncertainties is Scenarios on the Future of the World International Monetary System. The main world currency.
реферат [798,3 K], добавлен 06.04.2015The essence of an environmental problem. Features of global problems. Family, poverty, war and peace problems. Culture and moral crisis. Global problems is invitation to the human mind. Moral and philosophical priorities in relationship with the nature.
реферат [41,3 K], добавлен 25.04.2014Characteristic of growth and development of Brazil and Russian Federation. Dynamics of growth and development. Gross value added by economic activity. Brazilian export of primary and manufactured goods. Export structure. Consumption side of GDP structure.
реферат [778,3 K], добавлен 20.09.2012The history of Human Rights Watch - the non-governmental organization that monitors, investigating and documenting human rights violations. Supportive of a diverse and vibrant international human rights movement and mutually beneficial partnerships.
презентация [1,6 M], добавлен 12.03.2015Presence of nominal rigidity as an important part of macroeconomic theory since. Definition of debt rigidity; its impact on crediting. The causes of the Japanese economic crisis; way out of it. Banking problems in United States and euro area countries.
статья [87,9 K], добавлен 02.09.2014The thesis of the challenging and potentially important "Clash of Civilizations" is that the growing threat of violence arising from renewed conflicts between cultures and countries that base their traditions on religious faith and dogma.
реферат [22,3 K], добавлен 27.09.2006Сингапур как наименее коррумпированная страна Азии, анализ эффективности политики и государственного регулирования. Оценка индекса восприятия коррупции в Сингапуре и России согласно рейтингу Transparency International. Пути уменьшения мотивов коррупции.
презентация [127,3 K], добавлен 03.04.2017Діяльність Міжнародного банка реконструкції та розвитку, його основні функції та цілі, механізми кредитування. Спеціальні права запозичення. Бреттон-Вудські інститути. Організаційна структура International Bank for Reconstruction and Development.
лекция [489,5 K], добавлен 10.10.2013Review the history of signing the treaty of Westphalia. Analysis of creating a system of European states with defined borders and political balance. Introduction to the concept of a peaceful community. Languages and symbols of the League of Nations.
презентация [506,1 K], добавлен 13.04.2015История создания Международной финансовой корпорации (International Finance Corporation). Оперативное руководство и страны-члены, которые коллегиально определяют политику МФК, в том числе принимают инвестиционные решения. Ее финансовые продукты и услуги.
презентация [478,7 K], добавлен 23.10.2013
