Development Prospects of the Civil Aviation Industry in BRICS Countries

... requires additional support by institutional investors, rather than on “outdated” industrial policy instruments, such as tariffs, quotas, and exchange rate mechanisms. Thus, state support may become the decisive factor for the developing civil aviation industry in the BRICS countries. State Support: Pros and Cons It is impossible to analyze the development of aviation industry without studying the issue of government support. It should be noted that government support was the key factor that allowed companies from the U.S., Canada and Europe to gain a competitive edge and occupy dominant positions in the international ...