BRICS Journal of Economics 2(2): 33-52, doi: 10.38050/2712-7508-2021-2-3

The concept of global public goods in contemporary international relations between Russia and China

Natalia Kononkova, Yulia Bulgakova, Natalia Kuznetsova, Yulia Prokhodtseva, Maria Ustiuzhanina

Corresponding author: Natalia Kononkova ( npkononkova@econ.msu.ru )

This is an open access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Citation: Kononkova N, Bulgakova Y, Kuznetsova N, Prokhodtseva Y, Ustiuzhanina M (2021) The concept of global public goods in contemporary international relations between Russia and China. BRICS Journal of Economics 2(2): 33-52. https://doi.org/10.38050/2712-7508-2021-2-3

Abstract

The research concentrates on the development of the concept of global public goods in Russia and China, while new economic grounds are emerging, including a shift to digital economy and the COVID-19 pandemic. This concept is analyzed with a special emphasis on joint Russian-Chinese projects. The analysis is supplemented by a classification based on the financing of global public goods. The findings of our research show that the vast majority of global public goods are financed by governments, even though such global threats as pandemics require donations, as well as further actions by all possible investors. According to the results, with the rapid development of digitalization, most initiatives are aimed at encouraging the spread of digital technologies. The findings of the research suggest implications for figuring out who may have a special interest in the financial aspect of the concept of global public goods.

Keywords

Beconomic development, financing of public goods, global public goods, international affairs between Russia and China, international cooperation.