Research On Financial Cooperation Among BRICS Countries

From the 21 st century to today,especially after the 2008 financial crisis,the rise of five developing countries has changed the comparative map of the world economy.The brics cooperation mechanism established by China,South Africa,Brazil,Russia and India has attracted the attention of the international community.The emergence and progress of the cooperation mechanism among the brics countries shows that they have the same need to change the existing international economic mechanism.Especially in recent years,the brics countries economically complementary cooperation laid a strong foundation for its,at the same time,the economic development of brics countries respectively for the brics countries created more cooperation space,and in 2008 the international financial crisis has brought new cooperation opportunities for the brics countries,at the same time,the brics countries in different areas of cooperation and development and promote the process of its construction.Based on the analysis in this paper,the process is a combination of the United Nations conference on trade and development database data from 2005-2018,mainly in the financial services trade import and export data to analyze and compare the brics countries in financial cooperation,financial services trade their status quo,through the international market share index(MS),trade competitiveness index(TC),and the dominant comparative advantage index(RCA)these indicators to evaluate financial services trade international competitiveness,as well as financial cooperation of brics countries put forward the countermeasures and Suggestions.