The document discusses the BRICS organization, which includes Brazil, Russia, India, China and South Africa. It outlines the objectives of BRICS in promoting regional development, reducing trade barriers and economic cooperation. It then profiles each BRICS nation and their key economic advantages. Finally, it discusses areas of focus for BRICS cooperation such as infrastructure, energy, trade and the New Development Bank.

1. THE CREATIONOF A
MULTIPOLAR WORLD……
BY : ABHISHEK PATHANIA
22MMBA10

2. About BRICS….
• BRICS stands for Brazil, Russia, INDIA, China, and South Africa.
• In 2001, the British Economist Jim O’Neill coined the
term BRIC to describe the four emerging economies of Brazil,
Russia, India, and China.
• BRICS is the international political organization of leading
emerging economies. Its five members are all developing
industrialized countries.
• The BRICS brings together five of the largest developing
countries of the world, representing 41% of the global
population, 24% of the global GDP and 16% of the global trade.

4. OBJECTIVE OF BRICS….
• To achieve regional development.
• To remove trade barriers.
• Economic development.
• Optimum use of resources.
• Building relationship.

5. Roles of BRICS
• The role of Brazil, Russia, India, China and South
Africa (BRICS) as emerging main characters in
international development cooperation is
significantly and rapidly changing.
Over the last decade, BRICS have increased their
financial as well as technical assistance and
established distinct ways and means of economic
cooperation, especially through south south
cooperation with Low Income Countries (LIC).

6. ABOUT THE BRICS NATION

7. BRAZIL
KEY ADVANTAGES :
• 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. Textiles, chemicals ,
iron ore , steel and motor vehicles industries.
• Brazil today is the most popular of the BRICs so far
as foreign direct investment is concerned.

8. RUSSIA
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.
• 68% of people comes under middle income
group.
• Highly educated workforce.
• Third largest exporter of steel and aluminium.

9. INDIA
• 1.2 billion people.
• 2nd largest labour force.
• Holds second place followed by China in
BRICS.
• Approximately 2.5 million college graduates
per year.
• democratic country.

10. CHINA
KEY ADVANTAGES :
• Broad expansion of educational achievement..
• Rapid economic growth.
• Third largest country in land size
• 13% of people comes under middle income
group.
• Holds more than $3 trillion for-ex reserves.
• Largest exporter/ importer for 32 and 34
countries respectively.
• Cheap labour work force.

11. SOUTH AFRICA
• The South African economy is now the
23rd largest in the world.
• Inflation is now below 7.5% and falling.
• 25% of goods produced in South Africa
are for export.
• Richest in terms of its mineral reserves.

12. INTRA-BRICS TRADE
CHINA
80%
INDIA
10%
RUSSIA
7%
S.AFRICA
3%
TRADE
S.AFRICA
2% BRAZIL
7%
INDIA
8%
CHINA
83%
TRADE
BRAZIL
RUSSIA

13. Trade between India, China & Rest of
BRICS
CHINA
72%
S.AFRIC
A
13%
BRAZIL
9%
RUSSIA
6% TRADE
INDIA
BRAZIL
30%
RUSSIA
28%
INDIA
26%
S.AFRICA
16%
Sales
CHINA

14. Trade between South Africa & Rest of
BRICS
CHINA
72%
INDIA
20%
BRAZIL
7%
RUSSIA
1%
TRADE

15. TARGET SECTORS FOR BRICS TRADE
• Manufacturing, services and agriculture
• Energy, infrastructure, mining beneficiation
and healthcare.
• Construction and water provision.
• The green economy and tourism.

16. FOCUS OF BRICS FORUM
• To establish a development bank to balance the
influence of the world bank and IMF, as well as
creating a joint forging exchange reserve.
• Business
• Competitiveness
• Governance& leadership
• Science & technology
• Poverty
• Trade
• healthcare

18. 14th BRICS Summit
• Prime Minister of India attended the 14th BRICS
summit which was virtually hosted by China.
• Theme of the 14th BRICS Summit: Foster High-
quality BRICS Partnership, Usher in a New Era for
Global Development.
• BRICS Plus virtual conference was also held as
part of the main meeting with ministers from
countries, including the UAE, Saudi Arabia, Egypt,
Kazakhstan, Indonesia, Argentina, Nigeria and
Thailand.

19. Key Highlights of the Summit
• Adopting the Beijing Declaration.(It states that BRICS
supports talks between Russia and Ukraine).
• More Focus on Combating Transnational Drug
Trafficking.
• Terrorism.
• Humanitarian Situation in Ukraine.

20. NEW DEVELOPMENT BANK
• Formed on July 2014 and came into force in July 2015. Earlier
known as “ BRICS Development Bank”.
• Headquarter in Shanghai.
• 1st president from India & Chairman of Board of Directors from
Brazil and Chairman of Board of Governors from Russia.
• Unlike the world bank which assigns vote based on capital
share, In the NDB each participant country will be assigned one
vote.
• NDB is source of rising strength of BRICS & against the
domination of western countries through WORLD BANK & IMF.

21. Limitations of BRICS
• The dominance of the Chinese economy.
• BRICS countries lack mutual economic
interests. (Their trade with the US and EU is 6.5 times higher. China’s trade
with the rest of the world is 12.5 times higher. Bilateral trade between China and
South Korea is almost as large as that between BRICS nations)
• BRICS nations compete in third markets.
• Diversity of cultures.

23. THANK YOU