Special Issue "COVID-19: Its Impact on BRICS Economies"

Open for submission
Submission deadline: 31 December 2022

Special Issue Editors

Prof. Badar Alam Iqbal, Adjunct Professor; Monarch Business School, Switzerland

Special Issue Information


Twenty-one years ago, the idea of creation of an economic block was floated and accordingly four emerging economies of the world namely-Brazil, Russia, India and China got a name as BRICs countries or economic block. Later on, South Africa also joined the BRICs and the block has come up as BRICS countries. Today, BRICS nations have been contributing in the growth and development of the global economy. The stakes are also higher now than ever before, because emerging economies are more central to the global economy. The purpose of creating the block was to help in accelerating economic growth of the world on one hand and on the other hand to fill up the gap created by the west in 1999, the block accounted for nearly 23 per cent of the global GDP and 38 per cent on purchasing power parity (PPP) basis. Today the figures have increased to 35 per cent and 50 per cent respectively. BRICS nations accounted for 40 per cent of the total world population and in terms of number the Gross

Domestic Product of BRICS stood at US $ 16 trillion. Creation of BRICS Bank is the most significant contribution of the economic block and it is believed that the same is alternative to the IBRD or World Bank and Asian Development Bank. Similarly, establishing AIIB is another mile stone in the history of the economic block. The latest silver lining of the BRICS block is the setting up “foreign exchange reserves pool” with an amount of US $ 100 billion

which will help member countries at the time of crisis with dollar liquidity. The above mentioned three initiatives by the BRICS nations are being considered as the most significant contribution for accelerating economic growth and development of the global economy in general and developing economies in particular and may go a long way in

compelling the multilateral institutions to bring balanced approach and make necessary reforms for which the developing economies are insisting.

Ufa. BRICS has a chance to become a new model of global relations, which are above the dividing “east-west” or “north-south” lines, as the members respect national specifics, do not interfere with each other’s home affairs, and want to leave peacefully.

There is concrete saying that “coming together is the beginning, staying together is progress and working together is a success”. BRICS is likely to remain an effective and efficient multilateral forum with multi-polar global order.

Why Special Issue?

Whether or not the BRICS as economic; political; social and demographic block would have attained its objectives and philosophy, will be depending upon the sincerity, adherence on its philosophy, and commitment of the members’ nations towards the working of the block in promoting and attaining the objectives for which the block was established. The block should have more degree of responsiveness towards the developmental goals of the member countries in particular and globe in general especially after the emergence of COVID-19.

Topics to be covered in the SI:

The following issues could be the subject matter for the upcoming special issue:

a] Economic Impact;

b] Social Impact;

c] Political Impact;

d] Demographic Impact;

e] Future challenges for the BRICS economies;

Time frame for the Issue:

• Launch for the Call for Papers: June 30, 2022

• Last Date of submission of papers: December 31st, 2022

The papers should be between 6000 and 8000 words
Select this special issue at the end of the submission process.

Special Issue "Green Economy for Nature Conservation and Sustainable Growth"

Open for submission
Submission deadline: 31 July 2022

Special Issue Editors

Dr. Alina Steblyanskaya Associate Professor, Harbin Engineering University, School of Economics and Management, Harbin, China; Dr. Sergey Bobylev Professor, Moscow State University, Department of Environmental Economics, Moscow, Russia; Yan Jun, PhD, China University of Petroleum, Beijing, China

Special Issue Information

In recent years, enhanced measures including legislation, policy, regulatory, and economic means have been taken by every country’s government in dealing with environmental problems [1]. Corresponding to this situation and in meeting the demand of governments at different levels for environmental policy tools, the environmental policy research projects on the topic of a wide range, especially concerning Nature conservation are conducted at the World [2][3] . The huge problem is how nowadays Economic growth influences Nature? Globally, the existing protected areas and Aichi Target 11 are not enough to slow the decline in biodiversity [4][5] . As a result, there is an urgent need to expand the nature conservation areas system [6][7] . Nowadays, we need to test how economic, social, energy and environmental indicators influence nature conservation and sustainable growth [8] [9]. Global civilization is falling social and economic turmoil.
Humans are experiencing environmental deterioration and uncontrollable declines in GDP [10] . Traditional economic theory has been continuously advancing yet seems unable to predict these crises or provide adequate public policies to address them [11] .

Nowadays essential not only maximize profit, and maintain the stability of the economy in order to preserve the Planet [12][13] . In light of the last crucial situation, including the emergence of viruses, humankind shows that if it does not start to think about how economy influence on Nature, the Planet would be destroyed [14] . Nowadays, it is necessary to find a new economy [15] and find new tools and new integrative methods that provide an opportunity to follow financial ratios and the new sustainable ratios with non-financial factors inside. The Economy needs new approaches based on green technologies, system sciences and sustainable methods. The Special Issue provide the platform for share the researches concerning green economy theory development emphasizing the transversally links between economic, social, energy and environmental factors [16] . Accordingly, it is necessary to develop systematic research towards sustainable growth [16] . There is no doubt that systemic thinking methods should be part of system economics theory for Nature conservation and sustainable growth. It is also the controversially question, how environmental factors, including virus spreading could influence business social responsibility and companies’ sustainable financial growth [17] . The above-mentioned position formulated in the materials of the G20 green finance research group in UN documents is similar, which emphasizes the need to introduce environmental and social impacts into the assessment of financial growth sustainability [18]

Suggested topics

The Editors emphasize that research for the forthcoming special issue “Green Economy for Nature Conservation and Sustainable Growth” can be fully interdisciplinary. Welcome papers with a focus on a combination of ecology, political ecology, neuron links between nature and humanity, green, ecological, and sustainable economy methods, bioeconomics, Low-Carbon Economics, Climate Change Economics point of view, etc.

Suggested contributions to the “BRICS Journal of Economics” Special Issue on “Green Economy for Nature Conservation and Sustainable Growth” include, but are not limited to, the following:

  • Foresight studies for the envisioning of green economy for Nature conservation beyond 2060;
  • Carbon Neutrality 2060: new points, new approaches, new strategies;
  • Nature or Wilderness protection indices development;
  • Green economy’ new strategies and approaches;
  • New ideas for Nature conservation and ecosystems services development;
  • Case studies to guide the Nature conservation and “Nature Need Half” initiative development;
  • Business and green finance technologies development;
  • Development of the financial and nonfinancial indicators for Biodiversity and Wilderness conservation;
  • Ecosystems Services;
  • System Strategies and approaches for the Energy Sustainable Economy, Green Economy, Corporate Finance Systems development;
  • Green Ethics development in the base of philosophical point of view;
  • How virus situation, including COVID-19 spread influence on the Economy sustainability. How green economy can help to overwhelm the crises?

Submission Deadline:

31 July 2022


Submission Procedure

According to Journal regulation: free publication, free open-access

For the format of Paper and other instruction, please refer to Journal Homepage https://brics-econ.arphahub.com/

Articles would be accepted in English.

The editors of the special issue are happy to discuss initial ideas for papers, and can be contacted directly Dr. Alina Steblyanskaya alina_steblyanskaya@hrbeu.edu.cn


1. Weidong L. (2019) Joint Construction of Green Silk Roads: social, economic and environmental context. Beijing: The Commercial Press. 

2. Bocharnikov Vladimir N. (2018). Spatial thinking, cultural geography and wilderness " Izvestiya RAN. Ser. Geogr., 3, 105-116. (In Rus.)

3. Scheiner SM, Kosman E, Presley SJ, Willig MR. (2017) Decomposing functional diversity. Methods Ecol Evol., 8, 809–20.

4. Cao Y, Carver S, Yang R. (2019) Mapping wilderness in China: Comparing and integrating Boolean and WLC approaches. Landsc Urban Plan.; 192, 103636. 

5. Locke H, Dearden P. (2005) Rethinking protected area categories and the new paradigm. Environ Conserv., 32, 1–10.

6. Li BL, Hubacek K, Yan JJ, Span R, Wang H, Earis P, et al. (2018) Priority areas at the frontiers of ecology and energy. Ecosyst Heal Sustain, 4, 243–246. 

7. Ward, J. D., Sutton, P. C., Werner, A. D., Costanza, R., Mohr, S. H., & Simmons, C. T. (2016). Is decoupling GDP growth from environmental impact possible?. PloS one11(10), 1-14.

8.  Bayet, F. (1994). Overturning the doctrine: Indigenous people and wilderness--being aboriginal in the environmental movement. Social Alternatives13(2), 27-32.

9. V. N. Bocharnikov (2018) “Civilization Geocode and deep Ecology” Pslov regional journal,  (1), 71-84

10. Yan, J., Feng, L., Denisov, A., Steblyanskaya, A., & Oosterom, J. P. (2020). Complexity theory for the modern Chinese economy from an information entropy perspective: Modeling of economic efficiency and growth potential. PloS one15(1), e0227206.

11. Yan, J., Feng, L., Steblyanskaya, A., Kleiner, G., & Rybachuk, M. (2019). Biophysical economics as a new economic paradigm. International Journal of Public Administration42(15-16), 1395-1407.

12. Costanza R. (1989). What Is Ecological Economics. Ecological Economics1, 1-12.

13. Daly, H. E., & Farley, J. (2011). Ecological economics: principles and applications. Island press.

14. Bocharnikov VN. (2018) BIOSPHERE, NOOSPHERE AND THE SPECIAL CODE OF SCIENCE: A NEW READING OF THE WORKS OF ACADEMICIAN V. I. VERNADSKY (in Russian). Coevol Noosph Res Anal Forecast, 1, 74–105.

15. Kleiner, G., & Rybachuk, M. (2016). System structure of the economy: Qualitative time-space analysis. Fronteiras: Journal of Social, Technological and Environmental Science5(2), 61-81.

16. Steblyanskaya, A. N., Wang, Z., & Bragina, Z. V. (2019). Financial sustainable growth theory as a result of interaction with energy, environmental and social processes (Evidence from oil and gas industry). Finance: Theory and practice23(2), 134-152.

17. Sheremet. A. (2017) Analysis and audit of sustainable development indicators (in Russian). Audit and financial analysis 1, 153–155.

19. Rousseau, D. (2015). General systems theory: Its present and potential. Systems Research and Behavioral Science32(5), 522-533.

Keywords: ecology, sustainable growth, green economy

Select this special issue at the end of the submission process.

Special Issue "MNCs and (de)globalization: New paradigm for emerging markets"

Closed for submission
Submission deadline: 28 February 2022

Special Issue Editors

Dr. Andrei Panibratov, Professor, St. Petersburg State University, Russia. Email: panibratov@gsom.spbu.ru

Special Issue Information

Trade disputes and political tensions between countries have evoked concerns of scholars about the ongoing deglobalization that has been actively problematized since the end of the 2010s (Witt, 2019; Tung & Stahl, 2018). The impact of the Covid-19 pandemic has only accelerated the pace of this phenomenon, leading to new restrictions on mobility and disruptions in value chains (Delios et al., 2021). While many scholars expect greater risk aversion, protectionism, and nationalism to become a paradigm for national economies and for multinational companies (MNCs) (Fontaine, 2020; Abdelal, 2020; Young, 2020), others oppose the assumption that the foundations of globalization have not eroded, and the post-pandemic world will need even greater globalization. This point is based on the idea that now and for a long time to come, the world will be fragmented and unequal, and international firms will exist as bridges connecting the fragmented reality (Contractor, 2021). There is also a third point of view, according to which the consequences of the Covid-19 pandemic will result in both globalization of labor and deglobalization of capital (Brakman et al., 2021).

Deglobalization, political turmoil and the Covid-19 consequences lead to disruptive and far-reaching changes in the social, political and technological environment (Panibratov, 2020). If these changes evoke qualitative shifts in international business, companies, as well as institutions and industries, will likely have to adapt (Witt et al., 2021). One of the possible consequences may be a revision of Buckley’s “Global factory” concept, and the choice of value chain and governance mode that result from this revision. These choices involve relocation, reshoring and nearshoring, and the strategic response here is to cover the contingencies and time horizons that shape these choices (Witt et al., 2021).

As part of the dynamic reassessment, relocation and reorganization of activities, divestment is one of the possible strategic decisions of firms in response to the (de)globalization-related uncertainty and turmoil (Arte & Larimo, 2019; Dachs et al., 2019). IB scholars have studied companies’ divestment strategy as an essential part of their (de)internationalization strategy when placed in an unfavorable environment (Panibratov & Brown, 2018), using the example of the behavior of Japanese and Korean firms when leaving China under the impact of the trade war (Chung et al., 2019; Trencher et al. 2020) or Western MNCs continually divesting from Russia due to economic sanctions applied by the US and EU governments.

The question that remains open is whether in the coming years firms will retract MNCs global markets, or just relocate their international activities to other foreign destinations (Delios et al., 2021). The special issue will be devoted to the phenomena of deglobalization, as well as foreign divestment and relocation of business, which are assumed to persist in the new post-Covid reality.

SI will seek out conceptual papers, literature reviews, empirical works, and case studies on the phenomenon of deglobalization and the strategy of foreign divestments and relocation of MNCs.


Topics for submissions

Illustrative, but by no means exhaustive, questions pertaining to the special theme include the following:

  • What is the role of environmental uncertainty (caused by sanctions, Covid-19, geopolitical conflicts) for the de-internationalization strategy and for the host country of divesting MNCs?
  • How do the institutional factors of domestic and host markets affect the decision of a firm to de-internationalize?
  • How is a foreign divestment (FD) decision made? What precedes FD?
  • How do companies choose a destination when they change locations? What is the motivation for relocating firms’ operations?
  • To what extent is the FD decision conditioned by the image of the home country of the divesting firm? What is the effect of FD on the legitimacy of firms?
  • What is the role of location-specific and firm-specific advantages in deciding on FD?
  • What does FD mean for divesting firms? Is it a failure or part of a strategy?

Select this special issue at the end of the submission process.

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