IMPLEMENTATION OF COMPETITIVE BENEFITS OF BRICS COUNTRIES IN THE WORLD ECONOMIC SYSTEM
The author illustrates the current state of the economies of the BRICS countries in conditions of the turbulent motion in the global economy, and characterizes their level of competitiveness. The author assesses the strengths and weaknesses of the economies of the BRICS countries that have to be overcome in order to equalize the level of economic development of these countries.
Keywords: Global Competitiveness Index, macro-economic situation, turbulence, branching business, terms of growth, institutional framework, innovation.
Igor A. Karachev, a post-graduate student. P. G. Demidov Yaroslavl State University.