BRIC nations

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BRIC nations

  1. 1. The Future of the World BRIC Nations
  2. 2. Intro <ul><li>BRIC or BRICs are terms used in economics to refer to the combination of Brazil, Russia, India, and China. </li></ul><ul><li>The term was first prominently used in a thesis of the Goldman Sachs investment bank. </li></ul><ul><li>These countries encompass over twenty-five percent of the world's land coverage, forty percent of the world's population and hold a combined GDP (PPP) of 15.435 trillion dollars. </li></ul>
  3. 3. Intro <ul><li>On almost every scale, they would be the largest entity on the global stage. </li></ul><ul><li>These four countries are among the biggest and fastest growing Emerging Markets. </li></ul><ul><li>These countries are not a political alliance, like the European Union, or a formal trading association, but they have the potential to form a powerful economic bloc </li></ul>
  4. 4. Painting BRIC by numbers
  5. 5. Raw material To Manufactured goods INDIA And CHINA
  6. 6. CUSTOM UNION Non member country
  7. 7. The Case <ul><li>As per the laws of the custom union, if the countries indulge in a custom union they have a free trade area with common external tariffs. </li></ul><ul><li>Here china and India being amongst the biggest producers of goods and services lack in natural resources. </li></ul><ul><li>Brazil and Russia are the 2 countries which have plentyof natural resources like iron ore and oil. But they lack in factors of production. </li></ul>
  8. 8. Advantages <ul><li>Higher trading capacity </li></ul><ul><li>Fuller utilization of resources </li></ul><ul><li>Full use of the factors of production </li></ul><ul><li>More and more employment </li></ul><ul><li>Control over inflation </li></ul><ul><li>Increase in GDP </li></ul><ul><li>Overall growth </li></ul>
  9. 9. The 3 Flaws <ul><li>Highly populous countries must integrate their poor and ill-educated underclass. </li></ul><ul><li>China and Russia have financial systems that lack transparency, while Brazil and India are financially underdeveloped. </li></ul><ul><li>Russia is already facing massive demographic decline and an ageing and sickening population. </li></ul>
  10. 10. BRIC in 2050

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