With the rapid growth of the global digital economy, cross-border e-commerce, as an emerging form of trade, has gradually become a powerful engine to promote the development of global trade. BRICS is an important forc...With the rapid growth of the global digital economy, cross-border e-commerce, as an emerging form of trade, has gradually become a powerful engine to promote the development of global trade. BRICS is an important force in the global economy, and the progress of the BRICS countries' trade facilitation level has an important impact on the global trade environment. This paper conducts an in-depth study of the dynamic changes in BRICS trade facilitation from 2013 to 2022, and uses an extended gravity model to analyze the specific impact of this change on China's exports using cross-border e-commerce. The results show that although the BRICS countries have made some progress in trade facilitation, the overall level still needs to be improved, and there are obvious differences among member countries. However, the improvement of trade facilitation among BRICS countries has undoubtedly brought significant positive effects to China's exports using cross-border e-commerce.展开更多
At the beginning of this year,the BRICS countries welcomed a wave of new members.On New Year’s Day,Saudi Arabia,Egypt,the United Arab Emirates,Iran and Ethiopia became full members,doubling the number of BRICS member...At the beginning of this year,the BRICS countries welcomed a wave of new members.On New Year’s Day,Saudi Arabia,Egypt,the United Arab Emirates,Iran and Ethiopia became full members,doubling the number of BRICS members from five to ten.At present,BRICS,as a multilateral cooperation organization of developing countries,is on the road towards substantial expansion and rapid development.In both historical and practical terms,the expansion of BRICS membership has profound historical logic and contemporary implications,which will have a significant impact on the world’s pattern and international order.展开更多
This study aims to fill the gap in the literature by specifically investigating the impact of country risk on the credit risk of the banking sectors operating in Brazil,Russia,India,China,and South Africa(BRICS),emerg...This study aims to fill the gap in the literature by specifically investigating the impact of country risk on the credit risk of the banking sectors operating in Brazil,Russia,India,China,and South Africa(BRICS),emerging countries.More specifically,we explore whether the country-specific risks,namely financial,economic,and political risks significantly impact the BRICS banking sectors’non-performing loans and also probe which risk has the most outstanding effect on credit risk.To do so,we perform panel data analysis using the quantile estimation approach covering the period 2004–2020.The empirical results reveal that the country risk significantly leads to increasing the banking sector’s credit risk and this effect is prominent in the banking sector of countries with a higher degree of non-performing loans(Q.25=−0.105,Q.50=−0.131,Q.75=−0.153,Q.95=−0.175).Furthermore,the results underscore that an emerging country’s political,economic,and financial instabilities are strongly associated with increasing the banking sector’s credit risk and a rise in political risk in particular has the most positive prominent impact on the banking sector of countries with a higher degree of non-performing loans(Q.25=−0.122,Q.50=−0.141,Q.75=−0.163,Q.95=−0.172).Moreover,the results suggest that,in addition to the banking sectorspecific determinants,credit risk is significantly impacted by the financial market development,lending interest rate,and global risk.The results are robust and have significant policy suggestions for many policymakers,bank executives,researchers,and analysts.展开更多
International tourism is highly dependent on air travel,which enhances destination countries’economic growth and living standards while causing environmental degradation.This study investigates the effect of air trav...International tourism is highly dependent on air travel,which enhances destination countries’economic growth and living standards while causing environmental degradation.This study investigates the effect of air travel on environmental degradation in BRICS nations.The study used feasible generalized least squares(FGLS)to evaluate the environmental Kuznets curve using data spanning 1995 to 2018.The study finds evidence of N-shaped EKC in the economies of the BRICS nations.We also find a positive relationship between tourism,urbanization,and environmental degradation(as measured by CO_(2) and SO_(2) emissions from civil aviation)and a negative relationship between economic development and environmental degradation.To achieve sustainable growth and environmental protection and promote green technology,the BRICS governments should devise policies that address the aviation industry’s short-and long-term needs.展开更多
The 15th BRICS Summit was held in Johannesburg,South Africa,from August 22 to 24 local time,and was the first offline BRICS Summit held in the last three years.Chinese President Xi Jinping attended the 2023 BRICS Summ...The 15th BRICS Summit was held in Johannesburg,South Africa,from August 22 to 24 local time,and was the first offline BRICS Summit held in the last three years.Chinese President Xi Jinping attended the 2023 BRICS Summit in Johannesburg,South Africa,and delivered a series of important speeches,drawing the blueprint for BRICS cooperation and pointing out the direction for South-South cooperation.Last year was the BRICS“China Year”,and 2023 is the“South Africa Year”.The 2023 BRICS Summit made great achievements,many of which are the extension and implementation of the outcomes of the 2022 BRICS Summit.At the 15th BRICS Summit in South Africa,the Johannesburg Declaration was signed,and the historic expansion of BRICS was announced,marking a new starting point for BRICS cooperation.展开更多
As the international trading system has developed with the division of Global value Chains (GVCS), the export trade of Brazil, Russia, India, China, and South Africa (BRICS) has grown rapidly. The resulting growth of ...As the international trading system has developed with the division of Global value Chains (GVCS), the export trade of Brazil, Russia, India, China, and South Africa (BRICS) has grown rapidly. The resulting growth of carbon emissions has drawn wide attention from the international community, necessitating the comparison of the trade benefits and environmental costs of the BRICS participation in GVCS. Based on the Eora database, this paper constructs a decomposition framework for the calculation of export value-added and embodied carbon, based on a multi-region input-output (MRIO) model. The trade benefits and environmental costs paid by the BRICS’ total exports from 1990 to 2015 were measured and the imbalance was analyzed, along with the causes. The results show that the main value-added and carbon embodied in the BRICS’ exports originate from their own countries, and the domestic value-added content of the BRICS’ exports decreased while the foreign value-added content increased.展开更多
The splendour of the 15th BRICS Summit has come and gone.The rendezvous in the so-called“Africa’s richest square mile,”Sandton,north of Johannesburg,was quite a diplomatic spectacle which brought together 60 develo...The splendour of the 15th BRICS Summit has come and gone.The rendezvous in the so-called“Africa’s richest square mile,”Sandton,north of Johannesburg,was quite a diplomatic spectacle which brought together 60 developing countries from across the Global South,as well as the United Nations Secretary General Antonio Guterres.展开更多
The 15th BRICS Summit held in Johannesburg,South Africa,on 22-24 August,with the theme of BRICS in Africa:Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution,was an important p...The 15th BRICS Summit held in Johannesburg,South Africa,on 22-24 August,with the theme of BRICS in Africa:Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution,was an important platform for enhancing China-Africa relations.The summit witnessed the expansion of the BRICS group to include six new members:Argentina,Egypt,Ethiopia,Iran,Saudi Arabia,and United Arab Emirates.展开更多
The importance of the BRICS both globally and for Africa is still being realized.A better understanding of the bloc is central to harnessing the various opportunities BRICS holds for the advancement of development and...The importance of the BRICS both globally and for Africa is still being realized.A better understanding of the bloc is central to harnessing the various opportunities BRICS holds for the advancement of development and industrialization in Africa.Since its establishment,the BRICS has consistently sought to maintain cooperation with展开更多
E-commerce plays an essential role in modern trade today.It is expected that e-commerce volume amounted to 29 trillion USD in the world in 2017,and would grow with the spread of the Internet and information and commun...E-commerce plays an essential role in modern trade today.It is expected that e-commerce volume amounted to 29 trillion USD in the world in 2017,and would grow with the spread of the Internet and information and communication technologies(ICTs).Brazil,Russia,India,China and South Africa(BRICS),together with many others,consider e-commerce a means to facilitate rapid,inclusive and sustainable economic growth,improving the living standards and alleviating poverty.This article examines areas for potential cooperation by BRICS countries in e-commerce development across rural and remote areas to fight poverty.It analyses the current state of e-commerce development in rural and remote areas in each of the BRICS countries,including cases of public and private initiatives to support it.The article also defines the opportunities which e-commerce brings to people living in rural and remote areas.Moreover,it evaluates the existing challenges and risks.The article concludes that despite the rapid e-commerce development in BRICS countries,and significant opportunities created,there are still issues of disproportionate e-commerce in varied regions and the lack of BRICS cooperation in this sphere.Based on a comparative and normative in-depth,systematic analysis,the article develops a set of recommendations for deepening BRICS countries'cooperation in the following areas:infrastructure in rural and remote regions;education;consumer protection;online dispute resolution;coordinated policy in the international scene,including representation of BRICS countries in international indexes,such as the Organization of Economic Co-operation and Development(OECD)Digital Services Trade Restrictiveness Index(STRI).展开更多
In this paper,we investigated the profitability of technical analysis as applied to the stock markets of the BRICS member nations.In addition,we searched for evidence that technical analysis and fundamental analysis c...In this paper,we investigated the profitability of technical analysis as applied to the stock markets of the BRICS member nations.In addition,we searched for evidence that technical analysis and fundamental analysis can complement each other in these markets.To implement this research,we created a comprehensive portfolio containing the assets traded in the markets of each BRICS member.We developed an automated trading system that simulated transactions in this portfolio using technical analysis techniques.Our assessment updated the findings of previous research by including more recent data and adding South Africa,the latest member included in BRICS.Our results showed that the returns obtained by the automated system,on average,exceeded the value invested.There were groups of assets from each country that performed well above the portfolio average,surpassing the returns obtained using a buy and hold strategy.The returns from the sample portfolio were very strong in Russia and India.We also found that technical analysis can help fundamental analysis identify the most dynamic companies in the stock market.展开更多
In 2009,Professor Steven Blair predicted that physical inactivity would be the greatest public health issue of the 21st century.~1 A public health problem is one that affects the health,function,and well-being of a la...In 2009,Professor Steven Blair predicted that physical inactivity would be the greatest public health issue of the 21st century.~1 A public health problem is one that affects the health,function,and well-being of a large number of people.展开更多
1.Peculiarity of the BRICS emerging economies Since the late 1980s,accelerated globalization has provided economic growth opportunities in mature and emerging economies.The rapidly developing nations of Brazil,Russia,...1.Peculiarity of the BRICS emerging economies Since the late 1980s,accelerated globalization has provided economic growth opportunities in mature and emerging economies.The rapidly developing nations of Brazil,Russia,India,China,and South Africa(BRICS nations)have a combined economic output that makes BRICS countries the world's major emerging economies.展开更多
In recent years, the great achievements of basic medical and healthcare services of BRICS have gained great attention and acknowledgement from the whole world. In their medical system reform, India, Brazil, Russia and...In recent years, the great achievements of basic medical and healthcare services of BRICS have gained great attention and acknowledgement from the whole world. In their medical system reform, India, Brazil, Russia and South Africa have established their medical systems with their own characteristics. This provides valuable references for China in its critical stage of medical system reform. This paper explored the experience of BRICS＇ reform of medical system in order to offer some references and guidance for the establishment of basic medical and health services with Chinese characteristics and conforming to Chinese practice.展开更多
Introduction The 2017 BRICS Summit will be held in September in Xiamen,China,which signifies that the BRICS cooperation mechanism will begin its second decade.As rotating presidency,China would like to turn the second...Introduction The 2017 BRICS Summit will be held in September in Xiamen,China,which signifies that the BRICS cooperation mechanism will begin its second decade.As rotating presidency,China would like to turn the second decade of BRICS cooperation into a planned'Golden decade',aiming to provide展开更多
基金Supported by Western Project of National Social Science Fund of China(23XJY013)Project of Social Science Foundation of Shaanxi Province(2022D032).
文摘With the rapid growth of the global digital economy, cross-border e-commerce, as an emerging form of trade, has gradually become a powerful engine to promote the development of global trade. BRICS is an important force in the global economy, and the progress of the BRICS countries' trade facilitation level has an important impact on the global trade environment. This paper conducts an in-depth study of the dynamic changes in BRICS trade facilitation from 2013 to 2022, and uses an extended gravity model to analyze the specific impact of this change on China's exports using cross-border e-commerce. The results show that although the BRICS countries have made some progress in trade facilitation, the overall level still needs to be improved, and there are obvious differences among member countries. However, the improvement of trade facilitation among BRICS countries has undoubtedly brought significant positive effects to China's exports using cross-border e-commerce.
文摘At the beginning of this year,the BRICS countries welcomed a wave of new members.On New Year’s Day,Saudi Arabia,Egypt,the United Arab Emirates,Iran and Ethiopia became full members,doubling the number of BRICS members from five to ten.At present,BRICS,as a multilateral cooperation organization of developing countries,is on the road towards substantial expansion and rapid development.In both historical and practical terms,the expansion of BRICS membership has profound historical logic and contemporary implications,which will have a significant impact on the world’s pattern and international order.
文摘This study aims to fill the gap in the literature by specifically investigating the impact of country risk on the credit risk of the banking sectors operating in Brazil,Russia,India,China,and South Africa(BRICS),emerging countries.More specifically,we explore whether the country-specific risks,namely financial,economic,and political risks significantly impact the BRICS banking sectors’non-performing loans and also probe which risk has the most outstanding effect on credit risk.To do so,we perform panel data analysis using the quantile estimation approach covering the period 2004–2020.The empirical results reveal that the country risk significantly leads to increasing the banking sector’s credit risk and this effect is prominent in the banking sector of countries with a higher degree of non-performing loans(Q.25=−0.105,Q.50=−0.131,Q.75=−0.153,Q.95=−0.175).Furthermore,the results underscore that an emerging country’s political,economic,and financial instabilities are strongly associated with increasing the banking sector’s credit risk and a rise in political risk in particular has the most positive prominent impact on the banking sector of countries with a higher degree of non-performing loans(Q.25=−0.122,Q.50=−0.141,Q.75=−0.163,Q.95=−0.172).Moreover,the results suggest that,in addition to the banking sectorspecific determinants,credit risk is significantly impacted by the financial market development,lending interest rate,and global risk.The results are robust and have significant policy suggestions for many policymakers,bank executives,researchers,and analysts.
文摘International tourism is highly dependent on air travel,which enhances destination countries’economic growth and living standards while causing environmental degradation.This study investigates the effect of air travel on environmental degradation in BRICS nations.The study used feasible generalized least squares(FGLS)to evaluate the environmental Kuznets curve using data spanning 1995 to 2018.The study finds evidence of N-shaped EKC in the economies of the BRICS nations.We also find a positive relationship between tourism,urbanization,and environmental degradation(as measured by CO_(2) and SO_(2) emissions from civil aviation)and a negative relationship between economic development and environmental degradation.To achieve sustainable growth and environmental protection and promote green technology,the BRICS governments should devise policies that address the aviation industry’s short-and long-term needs.
文摘The 15th BRICS Summit was held in Johannesburg,South Africa,from August 22 to 24 local time,and was the first offline BRICS Summit held in the last three years.Chinese President Xi Jinping attended the 2023 BRICS Summit in Johannesburg,South Africa,and delivered a series of important speeches,drawing the blueprint for BRICS cooperation and pointing out the direction for South-South cooperation.Last year was the BRICS“China Year”,and 2023 is the“South Africa Year”.The 2023 BRICS Summit made great achievements,many of which are the extension and implementation of the outcomes of the 2022 BRICS Summit.At the 15th BRICS Summit in South Africa,the Johannesburg Declaration was signed,and the historic expansion of BRICS was announced,marking a new starting point for BRICS cooperation.
文摘As the international trading system has developed with the division of Global value Chains (GVCS), the export trade of Brazil, Russia, India, China, and South Africa (BRICS) has grown rapidly. The resulting growth of carbon emissions has drawn wide attention from the international community, necessitating the comparison of the trade benefits and environmental costs of the BRICS participation in GVCS. Based on the Eora database, this paper constructs a decomposition framework for the calculation of export value-added and embodied carbon, based on a multi-region input-output (MRIO) model. The trade benefits and environmental costs paid by the BRICS’ total exports from 1990 to 2015 were measured and the imbalance was analyzed, along with the causes. The results show that the main value-added and carbon embodied in the BRICS’ exports originate from their own countries, and the domestic value-added content of the BRICS’ exports decreased while the foreign value-added content increased.
文摘The splendour of the 15th BRICS Summit has come and gone.The rendezvous in the so-called“Africa’s richest square mile,”Sandton,north of Johannesburg,was quite a diplomatic spectacle which brought together 60 developing countries from across the Global South,as well as the United Nations Secretary General Antonio Guterres.
文摘The 15th BRICS Summit held in Johannesburg,South Africa,on 22-24 August,with the theme of BRICS in Africa:Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution,was an important platform for enhancing China-Africa relations.The summit witnessed the expansion of the BRICS group to include six new members:Argentina,Egypt,Ethiopia,Iran,Saudi Arabia,and United Arab Emirates.
文摘The importance of the BRICS both globally and for Africa is still being realized.A better understanding of the bloc is central to harnessing the various opportunities BRICS holds for the advancement of development and industrialization in Africa.Since its establishment,the BRICS has consistently sought to maintain cooperation with
文摘E-commerce plays an essential role in modern trade today.It is expected that e-commerce volume amounted to 29 trillion USD in the world in 2017,and would grow with the spread of the Internet and information and communication technologies(ICTs).Brazil,Russia,India,China and South Africa(BRICS),together with many others,consider e-commerce a means to facilitate rapid,inclusive and sustainable economic growth,improving the living standards and alleviating poverty.This article examines areas for potential cooperation by BRICS countries in e-commerce development across rural and remote areas to fight poverty.It analyses the current state of e-commerce development in rural and remote areas in each of the BRICS countries,including cases of public and private initiatives to support it.The article also defines the opportunities which e-commerce brings to people living in rural and remote areas.Moreover,it evaluates the existing challenges and risks.The article concludes that despite the rapid e-commerce development in BRICS countries,and significant opportunities created,there are still issues of disproportionate e-commerce in varied regions and the lack of BRICS cooperation in this sphere.Based on a comparative and normative in-depth,systematic analysis,the article develops a set of recommendations for deepening BRICS countries'cooperation in the following areas:infrastructure in rural and remote regions;education;consumer protection;online dispute resolution;coordinated policy in the international scene,including representation of BRICS countries in international indexes,such as the Organization of Economic Co-operation and Development(OECD)Digital Services Trade Restrictiveness Index(STRI).
文摘In this paper,we investigated the profitability of technical analysis as applied to the stock markets of the BRICS member nations.In addition,we searched for evidence that technical analysis and fundamental analysis can complement each other in these markets.To implement this research,we created a comprehensive portfolio containing the assets traded in the markets of each BRICS member.We developed an automated trading system that simulated transactions in this portfolio using technical analysis techniques.Our assessment updated the findings of previous research by including more recent data and adding South Africa,the latest member included in BRICS.Our results showed that the returns obtained by the automated system,on average,exceeded the value invested.There were groups of assets from each country that performed well above the portfolio average,surpassing the returns obtained using a buy and hold strategy.The returns from the sample portfolio were very strong in Russia and India.We also found that technical analysis can help fundamental analysis identify the most dynamic companies in the stock market.
文摘In 2009,Professor Steven Blair predicted that physical inactivity would be the greatest public health issue of the 21st century.~1 A public health problem is one that affects the health,function,and well-being of a large number of people.
基金partially funded by Grant OI 175 014 of the Ministry of Education Science and Technological Development of The Republic of Serbia
文摘1.Peculiarity of the BRICS emerging economies Since the late 1980s,accelerated globalization has provided economic growth opportunities in mature and emerging economies.The rapidly developing nations of Brazil,Russia,India,China,and South Africa(BRICS nations)have a combined economic output that makes BRICS countries the world's major emerging economies.
文摘In recent years, the great achievements of basic medical and healthcare services of BRICS have gained great attention and acknowledgement from the whole world. In their medical system reform, India, Brazil, Russia and South Africa have established their medical systems with their own characteristics. This provides valuable references for China in its critical stage of medical system reform. This paper explored the experience of BRICS＇ reform of medical system in order to offer some references and guidance for the establishment of basic medical and health services with Chinese characteristics and conforming to Chinese practice.
文摘Introduction The 2017 BRICS Summit will be held in September in Xiamen,China,which signifies that the BRICS cooperation mechanism will begin its second decade.As rotating presidency,China would like to turn the second decade of BRICS cooperation into a planned'Golden decade',aiming to provide
