International direct investment as an instrument of economic co-development of the BRICS countries in the context of the COVID-19 pandemic

International direct investment plays an important transformational role in the global competitiveness of fast-growing economies, including the economies of the BRICS countries. The economic basis for such a transformation is created by the corresponding restructuring of the fixed capital from the participating countries, which determines the outstripping growth of GDP, and at the same time of national wealth. Thanks to its outstripping growth, the BRICS Group has become the most sustainable source of global economic development on the planet. Over 15 years of stageby-stage integration in the BRICS countries, a fairly complete picture of workable mechanisms of multilateral investment cooperation at all levels has been formed. At the same time, joint and national development institutions have been created and are successfully functioning, which form the institutional infrastructure of multilateral cooperation. With a huge and far from investment saturation potential of international production and codevelopment, the BRICS countries are, to varying degrees, interested in attracting global technology-oriented FDI. However, starting from the initial focus on the development of real production, the BRICS countries inevitably find themselves involved in the existing world economic order with the dominance of monetarist methods of managing economic systems and processes. As a result, the national economies of the BRICS unavoidably feel the crisis inflationary blows generated by the developed economies.