Changing role of BRIC countries in technology-driven international division of labor

In contemporary international division of labor the importance of ICT technologies and socialcapital is increasing, and allows the economy to be more competitive due to arising manyconnections to the global information networks. The major goal of this article was analyzing(mostly in descriptive manner) and comparing the recent trends in GDP growth and itscomposition and international trade of high-technology manufactures and services for developedand BRIC countries. The results of conducted statistical data analysis justify the conclusion thatsome developing economies, especially China and India, are in fact gaining on importance ininternational trade of high-tech products and knowledge-intensive business services, even havingbecome more effective competitors to the post-industrial economies in so-called creativeindustries. Such an outcome has been caused mostly by foreign direct investments flowed induring two last decades, but also was conditioned by social and educational policy leading todevelopment of networked human capital.