BRICS Countries: Results of Participating in Globalization of Financial-Economic Regulation

#8. Ideas Change the World
BRICS Countries: Results of Participating in Globalization of Financial-Economic Regulation

The article analyzes a new phenomenon — globalization of financial-economic regulation being implemented by G20, the IMF and the World Bank. This concept, proposed by the author, is wider than interstate financial regulation and is motivated by the new assessment of financial risks as a component of macroeconomic regulation and micro-prudential supervision as a result of the global crisis. The author substantiates a conclusion about effectiveness of the BRICS countries’ participation in globalization of financial-economic regulation on a national basis in the IMF framework and within the World Bank Group (WB), that are reforming the Jamaica world monetary system. Proposed are measures for developing partnership of the BRICS countries in order to increase their representation and role in these global institutions and in creating a new world monetary system.

Network Revolution

#5. Digital Agitation
Network Revolution

The article analyzes phenomenon of overall spreading of networks structures in the modern post-industrial society, called the network revolution. Namely network structures based on voluntary co-operation and partnership are becoming the most efficient form of organizing social communities in today’s highly competitive and dynamic social environments. They have advantages over previously prevailing hierarchical structures, as pooling of resources, knowledge and spiritual efforts of people in the network structures provides synergistic effect.

Where is Humanity Going?

#9. Any problem with?

A cluster of the current crisis – is not a sign of the end of history, it serves as an impetus for new immense transformations, including the waves of epochal and basic innovations, which will take probably the whole space of the second quarter of the XXI century, and perhaps even more.