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The article concerns the problem of the gradual change in the balance of power between the West and a group of rapidly developing countries, particularly the BRICS countries. The data from the World Bank, the IMF, the OECD, the Total Economy Database and other open sources have formed the base for research. In recent years, the world economy has demonstrated the accumulation of unresolved imbalances. Evaluation of observed trends in the world economy proves the need to complement the actions of international econo...

An analysis of the contribution of the information technology industry in India showed that the country had found a profitable middle ground between science and economy, the share of the sector in the country's GDP structure is more than 10% in 2016/2017. On the other hand, the total contribution of information technologies, including the digital and mobile component of the Russian economy, amounted to 5.06% of GDP in 2017. Despite the economic stagnation, high-tech segments have continuing to develop and find new...

The article analyzes the trend in the balance of forces between the Western countries and a group of rapidly developing countries of the BRICS group of Brazil, Russia, India, China and South Africa. BRICS demonstrate the very different path of development, but all of them are intensively the processes of modernization and technological renovation of production areas. The analysis on several fronts: features BRICS as an international organization; modernization of the economy; trade relations between the BRICS coun...