Evaluating The Trend and Progress of Employment and Human Capital in Labor Markets Through Trade in BRICS Nations and USA During Pandemic COVID-19

ABSTRACT

The BRICS Nations have some of the biggest economies in the world, are doing considerable actions to secure the sustainable development of bilateral trade, human capital, employment opportunities and possibilities for the populations, and promote inclusive government schemes by the central government. The BRICS nations bilateral trade, human capital, and underlined the necessity for their formalization for secure the protection of workers rights had negatively impacted during COVID-19 pandemic. The BRICS Nations International circumstances of the various nations differ, and thus do the governments particular goals for their human capital by labor markets strategies. The Cooperation between the BRICS nations on trade, human capital, FDI investment and employment concerns enables the sharing of best practices, expertise, and experiences in resolving a range of skilled labor markets and employment challenges. The BRICS Nations and US economy have fine-tune their trade and skilled population, labor regulations, and other measures based on talks of the human capital, and trained highly skilled labors in the modern market arena. The article finds that BRICS cooperation on trade, human capital, skilled labors, FDI investment and employment issues has evolved into a crucial component of the BRICS countries cooperation. The agenda for cooperation is to increase awareness of varied trade, human capital, and labor markets scenario and strengthen the BRICS countries joint efforts in these areas on the global arena. The BRICS nations had taken an advanced and more quickly actions for their positive efforts to rebuild bilateral trade, human capital, FDI investment and labor markets to combat in the COVID-19 pandemic. A comparative study has been done in this article for growing BRICS economies with the developed economy of United States of America during pandemic COVID-19.

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