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BRICS

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BRICS

  1. 1. DO YOU KNOW WHAT ARE BRICS
  2. 2. “In Economic, BRICS is an acronym that refers to countries- Brazil, Russia, India, China and South Africa”
  3. 3. BRICS • Jim O'Neill, global economist at Goldman Sachs. • "Building Better Global Economic BRICs“ • BRIC became BRICS. • Brazil, Russia, India, China and South Africa . • Members are all developing or newly industrialised countries.
  4. 4. MEMBER’S DATA
  5. 5. PURPOSE OF BRICS • For improving the global economic situation and reforming financial institutions, and discussed how the five countries could better co-operate in the future. • The economic potential of Brazil, Russia, India, China and South Africa is such that they could become among the four most dominant economies by the year 2050. • To expand industrial cooperation and make contributions to world peace, prosperity and development.
  6. 6. ESTIMATIONS… 6 5 4 3 2 1 0 Category 1 Category 2 Series 1 Category 3 Series 2 Series 3 Category 4
  7. 7. RESULTS • In 2008, BRIC Accounted for 22% of the world economy, up from16% a decade earlier. • Total trade within the Brics grouping of countries amounted to $6.1billion,represents 16.8 percent of global trade. • Agreed on the structure of a proposed development bank with $50 billion (€37.8 billion) in capital. • Beginning of transforms from the model of establishing big framework to methods of implementing substantial cooperative projects in concrete fields. • BRICS countries delivered a bigger common voice.
  8. 8. THANK YOU

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