SPECIAL ASPECTS OF DEVELOPMENT OF BRICS COUNTRIES ECONOMIC INTEGRATION

This paper presents the results of the study of the issue of international economic integration and its global influence on the world policy and trade relations based on the analysis of BRICS Alliance. BRICS members – Brazil, Russia, India China and South Africa – are five cultures with different attitudes to the issues of politics, philosophy and economics, but they have a lot of common features as well, which may allow them gaining the global leadership in international economic relations. The author emphasizes the great importance of BRICS economies that are at the stage of dynamic development and dominate in the global dimension of economic growth. The author pays special attention not only to the geopolitical and economic prospects of BRICS but to the determination of their interrelation with the progress in the human development of the member countries as well. The paper shows that the BRICS countries are characterized both by similar and opposite peculiarities and challenges of economic development. The author considered factual data of the progress and financing of socio-economic potential of the BRICS countries, which prove the asymmetry between them both in the trends of external economic development in the quantitative and qualitative aspects and in the priority areas of its intensification. The paper analyzes the regularities that led to the formation of BRICS – the advanced international organization – as the new center of geo-economic impact. The author described the global economy trends that led to the emergence of the first newly industrialized countries and became the foundation for the BRICS formation. The author also considers the unique features of the BRICS bloc formation separating it from other blocs and describes both the features and the goals that unite BRICS countries and the factors that create obstacles for their cooperative development.