Markets Regulation under Global Uncertainty: the BRICS Perspective

Markets Regulation under Global Uncertainty: the BRICS Perspective

On April 12, the XXIV Yasin (April) International Academic Conference on Economic and Social Development at the National Research University Higher School of Economics hosted a session entitled “Markets Regulation under Global Uncertainty: the BRICS Perspective,” organized by the BRICS International Competition Law and Policy Centre.

The world has entered a "perfect storm": deglobalization is accelerating, trade wars and military clashes are escalating, global value chains established over decades are disintegrating, and the implications of the pandemic are becoming more evident. The reputable Collins English Dictionary anointed permacrisis — constant crisis, endless instability and uncertainty — the word of the year for 2022.

The BRICS alliance was originally created as a space for dialogue, whose goal was to overcome the constraints to development and to strengthen the resilience of markets to external economic shocks. How can the BRICS countries, jointly, respond more effectively to the current challenges?

Antimonopoly regulation emerged at the turn of the 20th century in the time of crisis and systemic changes in the economy. Antitrust policy was a response to uncertainty. Antimonopoly agencies were created to remove restrictions on the development of the market systems and to adjust it to the demands of the time.

Today, BRICS cooperation in competition protection may become a pivot institutional instrument to strengthen the ties between our countries’ economies and to elaborate a joint response to the global crisis.


  • Alexey Ivanov, Director of the BRICS Competition Law and Policy Centre

Panelists (confirmed):

  • Andrey Tsyganov, Deputy Head of the Federal Antimonopoly Service (FAS) of Russia;
  • Alexandre Barreto de Souza, General Superintendent at the Administrative Council for Economic Defense (CADE);
  • Xu Poling, Professor, Head of the Department of Russian Economy at the Institute of Russian, Eastern European and Central Asian Studies, the Chinese Academy of Social Science;
  • Tembinkosi Bonakele, Professor, Wits University, Ex-commissioner of the South African Competition Commission;
  • Vikas Kathuria, Associate Professor at BML Munjal University Law School;
  • Svetlana Avdasheva, Professor, Faculty of Economics at the HSE;
  • Fyodor Lukyanov, Editor-in-Chief of Russia in Global Affairs magazine, Research Professor, Faculty of World Economy and International Affairs at the HSE;
  • Zhanar Adikova, Director of the Department of Competition Policy and Public Procurement Policy of the Eurasian Economic Commission.

XXIV Yasin (April) International Academic Conference (YIAC) on Economic and Social Development will take place in Moscow from April 4 until April 14 2023. The Conference is held jointly with leading Russian corporations, research and consulting organizations and features a diverse agenda concerning social and economic development in Russia. The programme will include presentations by Russian and international academics, roundtables and plenary sessions with participation of members of the Government of the Russian Federation, government officials, business representatives, and leading Russian and foreign experts.

Read more

Share with friends