This document discusses the BRIC nations (Brazil, Russia, India, China) and their growing economic influence. It notes that by 2050, the BRIC countries are expected to account for over 40% of the world's population and 60% of global GDP. Together, the BRIC nations already account for 40% of the world's population, 25.9% of the world's land area, and 40% of global GDP. The document outlines key economic and demographic statistics for each BRIC country and discusses their future challenges and opportunities to continue growing as economic powers.

1. THE BRIC
NATIONS
Future Of The World….

2. CONTENT
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The BRIC’s
Dreaming with BRIC’s: Path to 2050.
Painting BRIC by numbers.
INDIA: A rising growth potential.
RUSSIA: A smooth political transition.
CHINA: Unleashing the “Caged Tiger”.
The ‘B’ in BRIC’s: Unlocking Brazil’s growth potential.
Shared Challenges & opportunities.
BRIC & International Politics.
Influence
The BRIC summit
Criticism
Conclusion
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3. THE BRIC
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A grouping acronym referring to the countries of
Brazil, Russia, India, and China.
Term was first prominently used in a Goldman Sachs
report from 2003.
These countries aren’t a political alliance - but they
have the potential to form a powerful economic bloc
These four countries are among the biggest and
fastest growing emerging markets
Already BRIC accounts for:
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40 per cent of the world's population,
25.9 per cent of its total geographic area,
40 per cent of global GDP
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4. DREAMING WITH BRICS:
THE PATH TO 2050
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BRICs’ currencies could appreciate by 300%, providing a big
tailwind for investors in BRIC assets.
By 2050, BRIC countries
expected to account for
over 40% of the world’s
population, and 60%
of global GDP.
Taken together, the
BRICs could be larger
than the United States
and the developed
economies of Europe
within 40 years.
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5. PAINTING BRIC BY
NUMBERS
Categories
Brazil
Russia
India
China
Area
5th
1st
7th
3rd
Population
5th
9th
2nd
1st
Labour force
5th
6th
2nd
1st
GDP(PPP)
9th
7th
4th
2nd
Foreign exchange reserves
7th
3rd
5th
1st
Active troops
14th
5th
3rd
1st
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6. INDIA:
A WISE ELEPHANT
Globalization
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Forces of globalization set the stage for rapid rise of Indian
economy
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Confluence of internal changes and external forces of
globalization allowed India to leverage the power of Englishspeaking technical talent to produce powerful software for the
global market.
Key Advantages
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1.15 billion people
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2nd largest labor force: 516.3m people
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Approximately 2.5 million college graduates per year
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Those with graduate degrees and above have risen from 20.5
million in 1991 to 48.7 million in 2004
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7. INDIA:
A WISE ELEPHANT
Trends
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Number of people in absolute poverty has declined sharply
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Exports have boomed
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Foreign exchange reserves are ample for the first time in
history
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Newfound economic dynamism has shifted the balance of
leaders’ priorities from geopolitical goals to mutual
economic interests.
Challenges for the Future
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Improving governance
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Improving basic educational achievement
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Improving infrastructure and electrical capacity in cities
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Expanding technology industry
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8. RUSSIA:
A SMOOTH POLITICAL TRANSITION
An “easy case” for globalization
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Undue emphasis on economics over politics
Disregard of cultural values
Russia can still benefit from a globalized world without
undertaking painful reform.
Challenges for the Future
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Labor shortages and poorly developed infrastructure
WTO membership and long-term growth of the
manufacturing sector
Reconciling ambitions as a major power with reality of
current situation
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9. THE ‘B’ IN BRIC:
UNLOCKING BRAZIL’S GROWTH POTENTIAL
The uneasy emergence of an economic leader
in Latin America
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One of the fastest growing economies in the last century
But over-reliance on agricultural commodity exports
resulted in a development marked by boom and bust
Focus on equitable development has resulted in significant
poverty reduction
Brazilian economy becoming less dependent on exports
A global leader in renewable fuels.
Challenges for the Future
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Overburdened and ineffective judicial system
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10. CHINA:
UNLEASHING THE ‘CAGED TIGER’
How did China do it?
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China’s successes are associated with liberalization and
globalization.
China focused not only on opening economy, but also on
institutionalizing globalization
Assimilation of best practices from across the globe
A Painful Transition
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State enterprise employment declined from 110 million in
1995 to 66 million in 2005
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Urban-rural income gap is getting wider
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Environmental cost of industrialization.
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11. CHINA:
UNLEASHING THE ‘CAGED TIGER’
Key Advantages
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Broad expansion of educational achievement
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Rapid economic growth
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Resilience to global economic downturn
Challenges for the Future
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Recognition as a global power requires adherence to
international norms
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Continued reform of state-run enterprises.
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Demographic shifts threaten sustained growth.
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Navigating a complex relationship with US and world.
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12. SHARED CHALLENGES &
OPPORTUNITIES
Challenges
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The face of poverty in 20th century was rural children. The
face of poverty in the 21st century will be the urban elderly.
Making the global system more accommodating to diverse
cultures and values
Opportunities
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“Inclusive growth” critical for sustained globalization
(politically) in developing countries, because potential lies
in bringing up all
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13. BRIC
AND INTERNATIONAL
POLITICS
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Influence on “New world order”.
U.S troops has been deployed in Afghanistan for more than 8
years without any substantive outcome. Afghanistan is close
to China, India and Russia.
 The controversial question of Iran. Russia, China and India
could secure more proximity to the region.
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BRIC cooperation is not solely an anti-U.S., or anti-western
phenomenon, but is based on deeper common interests.
Improve Bargaining Position with Western Countries.
Stabilize International Environment and Prevent
Encirclement
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14. INFLUENCE
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Account for 15% of the global economy and 42% of global
currency reserves.
Between 2000 and 2005, the BRICs contributed roughly
28% of global growth in US dollar terms and 55% in
purchasing power parity (PPP) terms.
Their share of global trade continues to climb at a rapid
rate. At close to 15% currently, it is now double its level in
2001.
The BRIC’s share of oil demand is moving steadily higher,
with an estimated 18% share in the current year
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15. BRIC SUMMIT…
AFTERMATH
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The BRIC countries met for their first official summit on
16 June 2009, in Yekaterinburg, Russia.
Discussed the current global financial crisis, global
development, and further strengthening of the BRIC
group.
Attacked the role of dollar as the primary international
currency & suggested new global reserve currency that is
'diversified, stable and predictable'.
Issued a joint statement on global food security, calling
for "action by all governments and the relevant
international agencies“
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16. CRITICISM
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Understatement of GDP growth in China which predicts
growth falling far below normal development.
The BRIC’s dream isn’t green.
Nothing more than a neat acronym for the four largest
emerging market economies.
BRICs doesn’t have a concrete and constructive agenda for
change or vision for a future world order.
It is not clear what BRIC would do even if they were given
the opportunity to remake the international order.
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17. CONCLUSION
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The Importance of the U.S.
The BRICs have come together in a political grouping in a
way that has far exceeded most expectations.
Although BRIC cooperation has been significant, intraBRIC competition and rivalry are important limits on how
much further BRIC cooperation can go.
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18. GROUP IS OPEN
FOR
QUESTIONS……….
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