2. FLOW OF PRESENTATION
Introduction
Meaning of BRICS
From BRIC to BRIC’S
Areas of Focus
Objectives of BRICS
BRICS Summit
Financial Contributions
SWOT Analysis
Criticism
Future of BRICS
Conclusion
3.
4. “In Economic, BRICS is an acronym that refers to
countries- Brazil, Russia, India, China and South
Africa”
5. BRICS
Jim O'Neill, global economist at Goldman Sachs.
Building Better Global Economic BRICS.
Biggest and fastest growing emerging economies
BRIC was first prominently used in a Goldman Sachs
report from 2003
6. FROM BRIC to BRIC’S
South Africa has been formally asked to join the BRIC
group of major emerging markets
Invited by China
Officially admitted as a BRIC nation on December 24, 2010
South Africa stands at a unique position to influence African
economic growth and investment
China is South Africa’s largest trading partner
India wants to increase commercial ties with Africa
7. AREAS OF FOCUS
• TRADE
• EDUCATION
• TECHNOLOGY
• ECONOMY
• PEACE AND SECURITY
8. Objectives of BRICS
To achieve regional development
To remove trade barriers
Economic development
Optimum use of resources
Building relationship
9. BRICS Summit
First official summit on 16 June 2009, in
Yekaterinburg, Russia.
The current global financial crisis, global
development, and further strengthening
Seven Summits have held so far in various member
countries
Groupings are always held with member countries
taking turn to host.
10. The Fourth BRICS Summit was hosted in New Delhi on
29 March 2012 under the theme of “BRICS Partnership
for Global Stability, Security and Prosperity.” The
Summit has imparted further momentum to the BRICS
process of planning a joint development bank.
12. Financial contribution
India has provided loans of more than
$200million to the African countries since 2009.
Š
China has invested almost $4000 million as
foreign direct investment.
Š
Russia too has contributed more than
$3000million as FDI
Š
Brazil has invested around $4000 million in Africa.
13. SWOT Analysis
Strength of the BRICS nations
1- To use resources.
2-Market opportunities.
3-Economic developments.
Weakness of the BRICS nations
1- Population problem.
2- lack of Infrastructure.
3- Decreasing GDP growth rate.
14. Cont…
Opportunities of the BRICS nations
1- To expand the market.
2- Regional development.
3-Monetry resources.
Threats of the BRICS nations
1-Financial crises.
2- Threats from other unions.
3-dollar role
15. Criticism
The BRICS dream isn’t green.
Nothing more than a neat acronym for the five
largest emerging market economies.
A criticism is that the BRICS projections are
based on the assumptions that resources are
limitless and endlessly available when needed
16. Cont….
BRICS doesn’t have a concrete and constructive
agenda for change or vision for a future world
order.
China is the muscle of the group and the Chinese
know it. They have effective veto power over any
BRICS initiatives
17. Future of BRICS:
Already BRICS accounts for:
40 per cent of the world's population,
25.9 per cent of its total geographic area,
40 per cent of global GDP
By 2050, BRICS countries expected to accounts for
over 40% of the world’s population and 60% of
global GDP.
18. Cont…
BRICS could be larger economies than the united states and
the developed economies of Europe within 40 years .
• China and India will become
world’s dominant suppliers
– manufactured goods and services
• Brazil and Russia will become
dominant suppliers
– raw materials
19. Conclusion
The BRICS have come together in a political grouping in a way that
has far exceeded most expectations.
Although BRICS cooperation has been significant, intra- BRIC
competition and rivalry are important limits on how much further BRICS
cooperation can go.
BRICS nations have the potential and the resources to form a powerful
economy with greater opportunity than any other nation