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GBE BRICS Aditya.pptx GBE BRICS Aditya.pptx
- 1. HARANAHALLI RAMASWAMY INSTITUTEOF HIGHER EDUCATION, HASSAN PRESENTATION ON – ‘ BRICS and BRICS Bank ’ PRESENTED BY, S U Aditya Gowda 1st year MBA HRIHE, Hassan PRESENTED TO, Mrs. Sanhitha S N Assistant Professor Department of MBA HRIHE, Hassan
- 2. INTRODUCTION TO BRICS Definition: BRICS is an acronym for Brazil, Russia, India, China, and South Africa. Formation: Established in 2009 to promote economic, political, and cultural cooperation. Key Focus: Economic growth, global influence, and cooperation among emerging economies.
- 3. BRICS COUNTRIES OVERVIEW Brazil: Key economic sectors include agriculture and mining. Russia: Focus on energy exports, particularly oil and gas. India: Strong services sector, IT, and growing manufacturing base. China: World’s manufacturing hub and largest exporter. South Africa: Mineral wealth, key player in African trade.
- 4. BRICS’ GLOBAL ECONOMIC ROLE GDP Share: Contributes about 30% of the global GDP. Population: Home to about 40% of the world’s population. Trade Influence: Significant in global trade with a growing presence in international markets. Multilateral Influence: Increased participation in global institutions (WTO, IMF etc).
- 5. OBJECTIVES OF BRICS Economic Cooperation: Strengthen intra- BRICS trade and investment. Political Influence: Increase the voice of emerging markets in global governance. Development Goals: Support sustainable development and poverty reduction. Technology & Innovation: Collaborate in science and technology.
- 6. CHALLENGES FACED BY BRICS Economic Disparities: Diverse economic structures and development levels. Geopolitical Tensions: Conflicting political interests among member states. Trade Barriers: Existing protectionist measures in some member countries. Slow Progress: In meeting long-term objectives, such as reforming global financial systems.
- 7. INTRODUCTION TO BRICS BANK(NEW DEVELOPMENT BANK) Formation: Established in 2014 during the BRICS Summit in Brazil. Objective: Provide financial support for infrastructure and sustainable development in BRICS and other emerging economies. Headquarters: Based in Shanghai, China.
- 8. KEY FUNCTIONS OFTHE BRICS BANK Development Financing: Focuses on infrastructure projects (roads, energy, transportation). Sustainable Projects: Financing green energy and climate-resilient infrastructure. Regional Projects: Focus on both BRICS and other developing nations.
- 9. BRICS BANK ANDGLOBAL FINANCIAL SYSTEM Alternative to Bretton Woods Institutions: Acts as an alternative to the IMF and World Bank. De-dollarization Efforts: Promotes lending in local currencies to reduce dependency on the U.S. dollar. Partnerships: Collaborates with regional development banks and financial institutions globally.
- 10. IMPACT OF BRICSBANK ON GLOBAL BUSINESS ENVIRONMENT Increased Access to Financing: Provides emerging economies with easier access to financing for large-scale projects. Boosting Regional Economies: Encourages regional integration and trade. Challenges to Traditional Powers: Challenges the dominance of Western financial institutions like the World Bank and IMF.
- 11. BRICS IN THEFUTURE OF GLOBAL BUSINESS Expanding Membership: Potential inclusion of new countries (Argentina, Indonesia) could increase BRICS' influence. Shifting Power Dynamics: BRICS is becoming a counterbalance to Western economic dominance. Digital Economies: Increased focus on technology and innovation in member countries.
- 12. CONCLUSION BRICS Significance:A major force in the global economy, challenging traditional power structures. BRICS Bank Role: Facilitating infrastructure development and promoting sustainable growth. Future Prospects: BRICS is likely to continue expanding its influence in the global business environment.
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