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  • 2.  BRICS stands for Brazil, Russia, China, and South Africa.  Came into existence in 2001 as BRICS nation  It is the fastest growing and emerging economics  BRICS is the international political organization of leading emerging economies. Its five members are all developing industrialized countries  The term BRICS was used for the first time in the Goldman Sachs report 2003
  • 3.  The BRIC became a mechanism through which the countries can exchange opinions, seek convergence, identify areas of cooperation and influence the international agenda.  Officially it was admitted as a BRIC nation on 24 December 2010  With the entrance of South Africa, at the 3rd BRICS Summit, in April 2011, the BRIC became BRICS, with capital "S". 3
  • 4.  Vast Land Area  Developing Economy Globally  Friendly Trade Relations  Challenges Related To Economic And Social Integration  Desire To Make The International Order More Representative  Possibility Of Cooperation In Many Areas
  • 5.  To achieve regional development  To remove trade barriers  Economic development  Optimum use of resources  Building relationship
  • 6. KEY ADVANTAGES :  One of the fastest growing economies in the last centuries  Brazilian economy becoming less dependent on imports  Extremely rich in resources such as coffee, sugarcane, crude oil and iron etc.  Focus on equitable development has resulted in significant poverty reduction. CHALLENGES FOR THE FUTURE:  Overburdened and ineffective judicial system.  Industrial output is weak
  • 7. KEY ADVANTAGES:  Russia has capability in high-technology sectors  Accounts for around 20% of the world’s oil and gas reserves  fall in the number of people living below the poverty line CHALLENGES FOR FUTURE  Labour shortages and poorly developed infrastructure  Corruption
  • 8. KEY ADVANTAGES  1.15 billion people  2nd largest labour force  Approximately 2.5 million college graduates per year CHALLENGES FOR THE FUTURE  Improving basic educational achievement  Improving infrastructure and electrical capacity  Expanding technology industry
  • 9. KEY ADVANTAGES  Broad expansion of educational achievement  Rapid economic growth  Third largest country in land size CHALLENGES FOR THE FUTURE  support to rural areas and less-developed regions  Bank of China sees inflation as a bigger risk  Need to improve the investment
  • 10. KEYADVANTAGE  The South African economy is now the 23rd largest in the world  Inflation is now below 5% and falling.  25% of goods produced in South Africa are for export CHALLENGES FOR THE FUTURE:  The economy is growing but not fast enough  Lack of skills, particularly in IT.  48% of the population is living below the poverty line
  • 11. 12 CONTRIBUTION TO GDP 26 % of Earth's land area 42 % of world's population 46% of world’s work force 19 % of world s nominal GDP
  • 12. 13
  • 13. Trade between Brazil, Russia & Rest of BRICS
  • 14.  Trade between India, China & Rest of BRICS
  • 15.  Trade between South Africa & Rest of BRICS  Source based on UN COMTRADE and http://wits.worldbank.org/wits/
  • 16.  To support growth on the continent, notably during the recent financial crisis  South Africa’s financial market development and sophistication  The World Economic Forum’s 2011/12 Global Competitiveness Index displayed a high level of confidence in South Africa’s financial market development, ranking the country in fourth place globally on this measure.  Among BRICS members, South African exports to China grew the most, at 46%, while exports to India grew by 20%, to Brazil by 14% and by 7% to Russia.
  • 17.  Manufacturing, services and agriculture  Energy, infrastructure, mining beneficiation and healthcare  Construction and water provision  The green economy and tourism
  • 18.  India is also expected to grow faster than China after 2020  India- Characterized by a low share of consumption and high savings.  Rising incomes in the BRICs nations will create a new middle consumer class  Featured as- “Roadmap For Contribution”  Important drivers for growth in the global economy.  Expansion of their consumer markets and the rise of multinational companies  the establishment of a “positive multipolarity" in international affairs
  • 19.  The BRICS were seen by Brazilian diplomats and scholars as a useful mechanism to project Brazil internationally in a rapidly changing global landscape.  Lost speed and altitude over the past two years  Chances of Intra Trade Disputes are high  Difficulties of articulating their conflicting interests in some sort of common vision became more evident.  Different viewpoints and influence in the international arena.
  • 20.  BRICS will remain a useful mirror  Brazilian comparisons with China and India in regards to economic factors  overcoming current obstacles to higher sustainable growth  drive productivity and competitiveness in an increasingly integrated world economy  a central role in dealing with global challenges and threats.
  • 21. Credit goes to: AANN
  • 22. http://www.unitedworld.edu.in/ Campus Ahmedabad Campus: Karnavati KnowledgeVillage, A/907,Uvarsad, S.G.Highway, Gandhinagar Kolkata Campus: Infinity Benchmark Tower 10th Floor, Plot - G1, Block - EP& GP, Sec -V, Salt Lake, Kolkata. Reg. Office: 407, Zodiac Square, 4th Floor Opp. Gurudwara, S.G. Road, Bodakdev, Ahmedabad.