• STI Policy Review
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• v.5 no.2
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• pp.20-42
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• 2014

The Brazil, Russia, India China and South Africa (BRICS) group has emerged as a collection of large economies which are outside the traditional groups of industrialised "first world" economies and which have altered the global distribution of economic power. The basis of their emergence is a combination of their size and growth rates, and the fact that they lie outside the established centres of global economic power. As such, they have "diversified" the power base of the global economic order. The question which is asked in this paper is whether the phenomenon of the BRICS goes beyond this to mark the start of a possible challenge to the neoliberal orthodoxy which emerged as the globally dominant policy paradigm since the collapse of the Soviet Union. This paper develops and uses a "modes of innovation" approach to explore the potential of the BRICS to constitute a structural rupture in the current globally dominant neoliberal mode of innovation. This question is important since, in the absence of this rupture, the remarkable development trajectory of the BRICS will serve to reinforce the legitimacy of the global orthodoxy. The paper first articulates the modes of innovation concept and then proceeds to locate the BRICS systems of innovation within the current globally dominant mode. On this basis it then provides an appraisal of the possible impact of the BRICS on the evolutionary path of the global system of innovation.

• The Journal of the Korea Contents Association
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• v.21 no.11
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• pp.414-425
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• 2021

The aim of this study is to measure and evaluate competitiveness of lifelong learning systems of BRICS countries in the respect of National Lifelong Learning System (NLLS). To analyze the data, this study used the mechanism model and 32 indicators and 12 sub-factors developed to measure the NLLS of developing countries. As a result of the Global Lifelong Learning Index (GLLI) measurement, China and Russia were relatively strong, while Brazil and South Africa formed the middle group. India scored relatively low. However, there are areas of lifelong education that each country should focus on, and this study compared and analyzed the strengths and weaknesses of the lifelong learning systems of each BRICS country. It is expected that the findings of this study will be used as standards to evaluate lifelong learning-related policies and make decisions to raise NLLS competitiveness, and as basic materials to know current NLLS situations of BRICS countries.

• Venture DIGEST
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• s.90
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• pp.18-19
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• 2006

2005년 세계 경제시장의 화두는 BRICs(브라질, 러시아, 인도, 중국)였다. 많은 인구, 넓은 영토, 풍부한 자원이라는 공통점을 가진 이들 4개국은 포화된 기존 시장의 한계를 대체할 수 있는 신천지로 인식되었다. 한국의 기업들은 BRICs 시장에 발 빠르게 접근했고, 몇몇 기업은 높은 경쟁력을 유지하며 선전하고 있다. 하지만 BRICs 4국 중 러시아 시장에서는 아직까지 한국기업의 활동사항이 미미한 실정이다.

• International Journal of Knowledge Content Development & Technology
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• v.5 no.1
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• pp.33-47
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• 2015

An institutional repository includes digital assets generated by academics, such as administrative documents, course notes, learning objects, or conference proceedings. It will provide a window that gives open access to improve the sponsoring institution's visibility and status. This paper discusses the growth and development of Institutional Repositories available in BRICS Countries. The relevant data was collected from the directory of OpenDOAR. Based on the data in OpenDOAR, 242 repositories are represented from BRICS countries. Among the 242, 84 (34.71%) repositories are from Brazil, 39 (16.12%) from China, 68 (28.10%) repositories from India, 22 (9.109%) repositories from Russia, and 29(11.98%) repositories from South Africa. Brazil has the largest number of records (11, 17,688) among BRICS Countries repositories.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.77-88
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• 2021

The stock markets in the BRICS (Brazil, Russia, India, China and South Africa) countries are the leading emerging markets globally. Therefore, it is pertinent to ascertain the critical drivers of stock market development in these economies. The currrent study empirically investigates to identify the linkages between stock market development, key macro-economic factors and institutional factors in the BRICS economies. The study covers the time period from 2000 to 2017. The dependent variable is the country's stock market development and the independent variables consist of six macroeconomic variables and five institutional variables. The study employs a panel cointegration test, Fully Modified OLS (FMOLS), a Pooled Mean Group (PMG) approach and a heterogeneous panel non-causality test.The findings of the study indicate co-integration among the selected variables across the BRICS stock markets. Long-run estimations reveal that five macroeconomic variables and four variables related to institutional quality are positive and statistically significant. Further, short-run causalities between stock market capitalization and selected variables are detected through the test of non-causality in a heterogeneous panel setting. The findings suggest that policymakers in the BRICS countries should enhance robust macroeconomic conditions to support their financial markets and should strengthen the institutional quality drivers to stimulate the pace of stock market development in their countries.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.665-672
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• 2021

The paper examines the impact of shadow economy and corruption, along with public expenditure, trade openness, foreign direct investment (FDI), inflation, and tax revenue on the economic growth of the BRICS countries. Data were collected from the World Bank, Transparency International, and Heritage Foundation over the 1991-2017 period. The Bayesian linear regression method is used to examine whether shadow economy, corruption and other indicators affect the economic growth of countries studied. This paper applies the normal prior suggested by Lemoine (2019) while the posterior distribution is simulated using Monte Carlo Markov Chain (MCMC) technique through the Gibbs sampling algorithm. The results indicate that public expenditure and trade openness can enhance the BRICS countries' economic growth, with the positive impact probability of 75.69% and 67.11%, respectively. Also, FDI, inflation, and tax revenue positively affect this growth, though the probability of positive effect is ambiguous, ranging from 51.13% to 56.36%. Further, the research's major finding is that shadow economy and control of corruption have a positive effect on the economic growth of the BRICS countries. Nevertheless, the posterior probabilities of these two factors are 62.23% and 65.25%, respectively. This result suggests that their positive effect probability is not high.

• Nuclear Engineering and Technology
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• v.52 no.12
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• pp.2969-2974
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• 2020

Looking at the recent studies, nuclear energy and carbon dioxide (CO₂) emissions nexus shows inconclusive result. To further explain nuclear energy-pollution nexuses this study is an attempt to analyze the impact of nuclear energy on pollution reduction for BRICS countries covering data for the period from 1993 to 2017. This study conducts advanced panel techniques such as Continuously-Updated Fully-Modified (CUP-FM) and Continuously-Updated Bias-Corrected (CUP-BC) for long run estimation. Our results support the notion that nuclear energy reduce CO₂ emissions. Also, renewable energy corrects environmental pollution in BRICS countries. The magnitude of the coefficient of nuclear energy is less as compared to renewable energy, implying that nuclear is less effective in reducing environmental pollution. The findings offer significant policy understandings and suggestions not only for BRICS economies but for developing countries as well in designing suitable nuclear energy-growth-carbon policies.

• Product Safety
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• s.214
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• pp.54-55
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• 2011

지난 2001년 골드만삭스는 선진국 이후 세계 경제를 이끌어갈 새로운 성장동력으로 자리잡을 국가로 BRICs를 제시했다. IBRICs란 Brazil, Russia, India, China와 같은 신흥개발도상국을 뜻한다. 이후, 유망시장을 의미하는 신조어들이 많이 나왔었는데, HSBC은행이 작년에 제시한 CIVETS(시베츠) 국가가 최근에 각광을 받고 있다. CIVETS 국가는 Columbia(콜롬비아), Indonesia(인도네시아), Vietnam(베트남), Ezypt(이집트), Turkey(터키), South africa(남아프리카 공화국) 등 6개국을 뜻한다. 아직은 BRICs 국가들에 비해서 경제규모는 작지만 풍부한 젊은 인구, 빠른 경제성장을 바탕으로 BRICs 이후로 유망 국가로 부상하고 있는 국가들이다. 그럼 각 나라별로 어떤 특징을 갖고 있는지 살펴보기로 하자!

• Proceedings of the Korea Society of Costume Conference
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• 2005.10a
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• pp.100-101
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• 2005

• Nuclear Engineering and Technology
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• v.54 no.9
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• pp.3299-3309
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• 2022

Nuclear energy has the potential to play an influential role in energy transition efforts than is now anticipated by many countries. Realizing sustainable human development and reducing global climate crises will become more difficult without significantly increasing nuclear power. This paper aims to probe the role of nuclear energy, external debt, and financial globalization in sustaining human development and environmental conditions simultaneously in BRICS (Brazil, Russia, India, China, and South Africa) countries. This study applied a battery of second-generation estimation approaches over the period from 1990 to 2019. These methods are useful and robust to cross-countries dependencies, slope heterogeneity, parameters endogeneity, and serial correlation that are ignored in conventional approaches to generate more comprehensive and reliable estimates. The empirical findings indicate that nuclear energy and financial globalization contribute to human development, whereas external debt inhibits it. Similarly, financial globalization accelerates ecological deterioration, but nuclear energy and external debt promote environmental sustainability. Moreover, the study reveals bidirectional feedback causalities between human development, carbon emissions and nuclear energy consumption. The study offers useful policy guidance on accomplishing sustainable and inclusive development in BRICS countries.