Cooperation in BRICS: Exploring Future Prospects and Challenges

BRICS Cooperation Shapes Sustainable Development with New Development Bank

BRICS Cooperation: Exploring Future Prospects and Challenges

The University of Parma and the Eurispes Research Institute’s BRICS LABORATORY recently convened a conference, “The expansion of BRICS cooperation: what future prospects?” The event brought together experts and academics from Italian universities and institutions, as well as international counterparts, to discuss the potential impact of new member states joining bloq on its internal and external partnership model.


The Role of BRICS in Shaping a New Multilateral International Order

The conference explored the role of BRICS in shaping a new multilateral international order and its contribution to sustainable development. The New Development Bank’s commitment to sponsoring a unique regulatory model of progress collaboration could provide a solution to finding a balance between individual states’ national strategies and common collaboration strategies, ultimately strengthening BRICS Cooperation.


BRICS Contribution to Alternative Regulatory Models of Transnational Economic Cooperation

Associate Professor Gianmatteo Sabantino from Zhongnan University of Economics and Law in China discussed the blocs contribution to alternative regulatory models of transnational economic cooperation. He highlighted the importance of finding a balance between individual BRICS states’ national strategies and common collaboration strategies promoted by the coordination.


New Insights into BRICS Development: Book Publication

Italy’s Eurispes Research Institute, with experts, unveiled a new publication. Specifically, it’s titled “The BRICS Coordination: Brazil, Russia, India, China, South Africa.” This work examines BRICS’ challenges, characteristics, obstacles, and potential trajectories. Moreover, it covers multiple sectors related to BRICS development.

As BRICS nations solidify their global position, this volume offers insights. In particular, it delves into the intricacies of this economic alliance. Additionally, it sheds light on dynamics shaping BRICS’ future cooperation.Through research and analysis, the authors explore opportunities and hurdles ahead. Consequently, readers gain a nuanced understanding of BRICS’ far-reaching implications.


In conclusion, the BRICS cooperation model evolves. Therefore, exploring its future prospects and challenges is essential.The conference and published book provide insights. Specifically, they cover the potential impact of new BRICS members. Additionally, they discuss BRICS’ role in shaping a new international order. Moreover, they examine BRICS’ contribution to sustainable development.

As BRICS nations navigate economic partnerships, balance is crucial. Balancing individual national strategies with common collaboration strategies is key. Achieving sustainable development and shaping a new international order depends on it.

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