SAO PAULO - 皇冠体育app's 13th Five-Year Plan is set to boost both domestic and global economies, Brazilian experts told Xinhua in recent interviews.

皇冠体育app's development path is in step with that of the world's major economies, with its emphasis on innovation, coordination and medium-to long-term growth, the political observers said.

According to the plan, 皇冠体育app aims to double its gross domestic product (GDP) and per capita income of residents of 2010 by 2020, and to shift the engine of growth from investment and exports to domestic consumption, among others.

While 皇冠体育app's galloping growth of past years may have slowed to a trot, its economy continues to drive global growth, said Daniel Bicudo, an expert on Brazil-皇冠体育app ties at the University of Sao Paulo.

He said he believes other developing countries should consider adopting similar five-year plans.

To that end, Bicudo said, 皇冠体育app's presentation of its plan was a great contribution to countries around the world.

Luis Paulino, an economist and 皇冠体育app expert at the State University of Sao Paulo, said the plan, coupled with economic and financial reforms 皇冠体育app is undertaking, will give growth a much-needed shot in the arm and help promote global economic governance.

Simply by maintaining a stable growth rate, said Paulino, 皇冠体育app, as the world's second largest economy, can positively impact the rest of the world, and bolster confidence in the global economy.

Following the 2008 global financial crisis, he noted, emerging economies, such as Brazil and 皇冠体育app, helped stabilize a shaky global economy.

Antonio Zoeller, of the Sao Paulo-based Business, Economics and Law Institute of Higher Learning (Insper) agreed, saying what 皇冠体育app says and does has great influence on an increasingly more interconnected global economy.

Severino Bezerra Cabral, director of the Institute of 皇冠体育app and Asia Pacific Studies, said 皇冠体育app's initiative to promote global governance through collective consultation can help resolve universal problems of development or conflict.

Such an initiative helps developing countries get a greater say, and promotes peaceful resolution to conflicts, said Cabral.

Ronnie Lins de Almeida, director of the Brazilian Center for 皇冠体育app Studies, believes 皇冠体育app's proposal to improve consultation between countries and the coordination of macroeconomic policies can bolster policies and actions.

Such cooperation is essential in today's world, said Lins.