International practice and cooperation in the interests of sustainable development of the BRICS countries

Abstract

This article focuses on the idea of international cooperation and practices to promote and strengthen sustainable development in the case of BRICS countries. The main idea of this research is to analyze the potential of international cooperation between developing countries and their transformations in global economic markets. One of the main assumptions relies on the possibilities of developing countries cooperation to foster sustainable transformational changes. Therefore, this article first analyzes the perspectives of BRICS members on dealing with sustainable challenges. Secondly, the article concentrates on the 3P perspective on the cooperative practices of BRICS members. Thus, special attention is given to the approaches to policies, patterns, and people on the way to sustainable development. Thirdly, the article explains the importance of relevant infrastructure and institutions for implementing strategies for sustainable development.