The author’s analysis of UN demographic statistics revealed two internal problems that objectively impede to the BRICS countries to become new drivers of global economic growth — reduction of economically active population and increase of the social burden on one working person in the form of reducing the potential support ratio. Projected labour shortage could trigger serious socio-economic upheavals in the nearest future.
Author page: Boris Kuzyk
The article examines the phenomenon of BRICS, which has now acquired a global visibility. The article focuses on the main potential of the BRICS countries — human capital, those demographic resources that, being combined with a growing economy and a standard of living, can break the current picture of the world.
The material was prepared in the framework of developing the RAS proposals to the President of the Russian Federation V.V. Putin by the expert group of RAS economists headed by Chairman of the Board of Directors of OJSC NK “Rosneft” academician A.D. Nekipelov, advisor to the President of the Russian Federation academician S.Y. Glazyev, director of the RAS Institute of Economic Forecasting academician V.V. Ivanter, etc. The main focus of the paper is made on the need to establish a strategic management system, capable to identify romising areas of economic growth and to guide the activity of state development institutions and economic regulation instruments to their implementation.