National Research Lobachevsky State University of Nizhny Novgorod, Russia
Volume 2021 (12),
Article ID 3764521,
Economic Perspectives - Challenges, Strategies, and Policy Implications: 37ECO 2021
Abstract
The article considers the priorities and necessary directions of interaction between the EAEU and BRICS countries in achieving mutual economic growth and ensuring financial stability. It reflects the conditions and consequences of the gradual release of the joint market from the pressure of world currencies, the use of gold as the most important strategic asset in national reserves and international financial relations, and the increase in the share of national currencies in settlements between countries. The necessary conditions for expanding strategic partnership based on a fairer strand of international interaction, creating a fair (non-discriminatory) legal system, equality and mutually beneficial cooperation that contribute to the growth of citizens ‘ welfare and market expansion, economic security and protection from the threats of stagnation and decay of the Eurasian market are noted.
Keywords: Eurasian market, Innovative development, Export, Import, Gold and foreign exchange reserves, EAEU, BRICS, New International Development Bank, Equitable Order