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Dmitry Novikov during the Moscow Economic Forum held a session “BRICS +

On April 4–5, the traditional Moscow Economic Forum was held in the Russian capital. Its key topic was the reindustrialization of the Russian economy against the backdrop of turbulent political processes – “New World. New industrialization.

The Forum was attended by politicians and experts, executives and top managers of Russian and foreign companies, economists and political scientists, sociologists and philosophers. Evidence of the great public interest in the Forum was that this event received over 85,000 mentions in the media and social networks. Its work was covered by 132 Russian and foreign journalists.

21 events were held in the mode of plenary meetings and thematic sessions. Among them were the discussions “The Economy of Russia. Course towards new industrialization”, “From globalism to multipolarity” and sessions on the topics: “Ideology. Vision of the Future and Development Goals”, “China. Modernization experience for Russia”, “Education. Personnel for industry”, “Budget and financial market: savings – to the economy, not to the moneybox”, “Agro-industrial complex. We are developing production and the quality of life in the countryside”, “Health care is the most important part of Russia’s security”, “Industry. Why is import substitution stalling? And this is only a part of the topics proposed for discussion.

One of the most lively was the section: “BRICS+. New Opportunities for the Development of World Economies”. At the suggestion of the Forum organizers, it was moderated by Deputy Chairman of the Central Committee of the Communist Party of the Russian Federation, First Deputy Chairman of the State Duma Committee on International Affairs D.G. Novikov.

Opening the session, the Russian parliamentarian stressed that BRICS was created according to a number of formal indicators. However, the role of this international association may turn out to be more significant than it might have seemed then, when its creation was announced during the work of the St. Petersburg Economic Forum.

Dmitry Novikov recalled that the combined potential of the countries that make up the BRICS is highly regarded by many experts. The economic growth of these states also provides an increase in their global political influence. In this regard, it is quite natural that a number of other states have applied for membership in the BRICS, as well as in the SCO.

It is extremely important that the countries that are members of the BRICS and SCO consider the activities of these associations not as an alternative to the UN, but, on the contrary, are aimed at strengthening its role. Together, this gives hope for the construction of a multipolar and just world, protected from any claims to hegemony. Brazil, Russia, China, India and South Africa stand for precisely such a world where the sovereignty of each country will be reliably protected, the security and development of each people will be guaranteed.

The following speakers took part in the discussion:

– Diego Oliveira Santos, PhD in Economics at the Center for Development and Regional Planning of the Federal University of Minas Gerais (Brazil);

– Surajit Mazumdar, Professor, Center for Economic Research and Planning, J. Nehru University (India);

– Garth Le Pere, Extraordinary Professor at the University of Pretoria (South Africa),

– Sergei Sanakoev, Deputy Chairman of the Russian-Chinese Friendship Society.

During the discussion, various aspects of the activities and prospects for the development of BRICS were touched upon.

BEFORE. Santos drew the attention of the session participants to the fact that the deindustrialization of entire countries and regions is the reverse side of the process of neoliberal globalization. “Deindustrialization is associated with a lack of funding, since national companies have no chance of successfully competing with TNCs for financial resources,” he said. Because of this, the BRICS countries need to create a credit system that would spur the development of their economies, Santos believes.

According to the speaker, in order to overcome the economic backwardness, it is necessary to coordinate the financial system at the level of the banks of the BRICS countries, to create channels for long-term financing, which will make it possible to overcome the blockade by the imperialist countries. New BRICS regional development banks could become such channels.

BEFORE. Santos said that “it is not enough for developing countries to switch to a new technological order, they need to solve the acute problem of social inequality.” The economies of these countries should become more integrated, including in the field of raw materials processing, but for this “new political decisions are needed.” “In order to increase the economic influence of the BRICS, a new economic paradigm is needed, which would be based on coordination in the distribution of funds and a departure from the free market policy,” Santos concluded.

Indian participant S. Mazumdar also touched upon the problem of growing inequality. “We see a decrease in inequality between countries, but at the same time we see that inequality within countries is growing. The Western world has been fueled by the processes of growing inequality for a long time, and has increased its pressure on developing countries,” he said.

At present, S. Mazumdar noted, there is a gap in the level of economic development between the BRICS countries and developed economies, as well as a gap in the level of

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