2. What does it stand
for?
•BBrazil
•rrussia
•iindia
•cchina http://indrus.in/articles/2011/03/08/bric_and_south_africa_prospects_of_integration_12265.html
• http://www.cnbc.com/id/44006382
4. About..
• The term was invented by Jim O’Neil 2001.( “Building better Global Economic BRICs.”)The term was invented by Jim O’Neil 2001.( “Building better Global Economic BRICs.”)
• South AfricaSouth Africa
• Thesis:Thesis:
• China =suppliers of manufactured goodsChina =suppliers of manufactured goods
• India=ServicesIndia=Services
• Brazil + Russia =Raw materialsBrazil + Russia =Raw materials
• used as economic referenceused as economic reference
• http://www.cnbc.com/id/44006382http://www.cnbc.com/id/44006382
http://www.telegraph.co.uk/finance/financialcrisis/8900851/Jim-ONeill-Welcome-to-a-future-built-in-BRICs.html
5. ...
•Speculated that by 2050 these four economies =
wealthier than most current major economic
powers
• http://www.investopedia.com/terms/b/bric.asp
6. NGOS?
• No political alliance
• No real group... have potential
http://www.ngo.org/
http://www.chinasourcingblog.org/2008/12/when-the-crisis-is-over-brics.html
7. What makes them so
powerful?
•25% of world’s land
•40% of worlds population
•18.5 trillion dollars= combined GDP
• http://www.cnbc.com/id/44006382
• http://www.cnbc.com/id/44006382