BRICS countries profile, Brazil, Russia, India, China, South Africa, Economy

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BRICS countries profile, Brazil, Russia, India, China, South Africa, Economy

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BRICS countries profile, Brazil, Russia, India, China, South Africa, Economy

  1. 1. Badgers-group analysts Polyakova, Sorokin, Rzayeva, Novikov, Karpukhina Our Team
  2. 2. BRICS countries: New Centers of Growth
  3. 3. Brazil • Population: 196,7 million • Area: 8,5 million km2 • Main exports: • Capital: Bazilia • Main imports: (5th) o transport equipment, iron ore, soybeans, footwear, coffee, autos o machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronics • Major trading partners: o The US, China, Argentina • GDP per capita: $12,916 • Inflation: 6,9 %
  4. 4. The Economy Advantages • The ninth largest economy worldwide in the terms of GDP • One of the fastest growing emerging economies in the world • Rich deposits of minerals and natural resources Problems • Misconceived and inefficient use of fiscal policy • Bribery and corruption Growth Projections: • 1.6% (2012) and 4% (2013)
  5. 5. Risks & Measures RISKS: • Risk of ‘overheating’ • Government’s inability to take public investments forward MEASURES: • Prudential monetary policy • Prudential fiscal policy
  6. 6. Russia • Population: 143.3 million • Area: 17,075,400 km2 • o petroleum and petroleum products, natural gas, metals, wood and wood products, chemicals, and a wide variety of civilian and military manufactures (1st) • Capital: Moscow Main exports: • Main imports: o machinery, vehicles, pharmaceutical products, plastic, semi-finished metal products, meat, fruits and nuts, optical and medical instruments, iron, steel • Major trading partners: o European Union, CIS, China, Japan • • GDP per capita: $13,089 Inflation: 6,1%
  7. 7. The Economy Advantages Problems • Huge territory • Large reserve of raw-materials • Making single high quality products • Low internal energy prices • Huge inequality between different classes • Low efficiency • Dependence on oil and gas Growth Projections: • 3.75% (2012 and 2013)
  8. 8. Risks & Measures RISKS: • Downside risks • Deterioration of external balances • Spillovers from the Middle East crisis • Polarization of the Russian society MEASURES: • Rebuilding fiscal policy buffers • Structural reforms • A strengthening of fiscal frameworks • Monetary policy tightening
  9. 9. India • Population: 1.2 bn (2th) • Area: 3.3 million sq km (7th) • Capital: o New Delhi • Main exports: o Engineering goods, petroleum products, chemicals, pharmaceuticals, gems and jewellery, textiles and garments, agricultural products, iron ore. • Main imports: o Crude oil and related products, machinery, electronic goods, gold and silver • Major trading partners: o EU, China, the USA, the United Arab Emirates • GDP per capita: US $3,700 • Inflation: 6.95%
  10. 10. The Economy Advantages • Human resources • Developed financial market • Healthy banking system • Growth in the standard of living of Indians Problems • Population explosion • Poverty • Unemployment • Rural urban divide Growth Projections: • 7% (2012 and 2013)
  11. 11. Risks & Measures RISKS: • Widening Current Account Deficit (CAD) • Resurgence of Inflation • Rising Oil Prices MEASURES: • Maintaining Fiscal Discipline • Public expenditure to health and education • Reforms in labor lows • Reorganization of agriculture sector • Introduction of financial reforms
  12. 12. People's Republic of China • Population: 1.347 billion • Area: 9,706,961 km2 • Main exports: o Electrical and other machinery, including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment (3rd/4th) • Capital: Beijing (Peking) • Main imports: o Electrical and other machinery, oil and mineral fuels, optical and medical equipment, metal ores, plastics, organic chemicals • Major trading partners: o Japan, South Korea, US, Germany • • GDP per capita: $5,414 Inflation: 5.4%
  13. 13. The Economy Advantages • Human resources • Huge trade surplus • Steady growth of the economy Problems • Possible slowdown in economic growth • Long-term inflation • Challenges from rebalancing Growth Projections: • Above 8% (2012 and 2013)
  14. 14. Risks & Measures RISKS: • Spillovers to China from the euro area • Sharp slowdown in investment • Rising Oil Prices MEASURES: • Deploying fiscal stimulus • Targeted support to the needy • Accelerating reforms
  15. 15. The Republic of South Africa • Population: 50.5 million • Area: 1.22 million sq km (25th) • Capitals: o Pretoria (executive capital); o Cape Town (legislative capital); o Bloemfontein (judicial capital) • Main exports: o Gold, diamonds, metals and minerals, cars, machinery • Main export partners: o China, US, Japan, Germany • Main imports: o Petrochemicals, car components, petroleum oils • Main import partners: o China, Germany, US, Saudi Arabia • GDP per capita: US $8,066 • Inflation: 5%
  16. 16. The Economy Advantages Problems • High levels of: • Services – 66% • Diversified Economy o unemployment o inequality • Poverty • Crime Agriculture Industry Services Growth Projections: • 2,6% (2012) • 3% (2013)
  17. 17. Risks & Measures RISKS: • Further growth of MEASURES: • Supportive vein: unemployment, povert o stengthen policy buffers y, inequality o contingency plans • External Spillovers (esp. in the euro area & China) • Soft commodity prices • Monetary policy: o accomodative • Fiscal policy: o sustain debt rate o fiscal deficit is allowed to support activity
  18. 18. Bibliography • BRIC-a-brac. [The Economist]. Aug 8th, 2012 • India: 2012 Article IV Consultation. [International Monetary Fund]. 2012 - 69 pages • Keeler, D. Special Report: BRICs.[Global Finance]. February, 2012 • The BRICs: propping up the global economy [Grant thornton international]. 2012 – 10 pages • The BRICs report. [Oxford University Press]. 2012. – 182 pages • Will India Be The First BRIC FallenAngel? [Standard&Poor’s].June 8th, 2012 • Zotin, A. BRIC – stuck in between the past and the future.[Kommersant]. September 18th, 2012
  19. 19. Thank you for your attention!

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