PRESENTED BY:

AKASH DEEP KAMAL

ATRI ROY

NEHA SINGH

NILESH SAHA



BRICS stands for Brazil, Russia, China, and
South Africa.

Came into existence in 2001 as BRICS nation

It is the fastest growing and emerging economics

BRICS is the international political organization
of leading emerging economies. Its five members
are all developing industrialized countries

The term BRICS was used for the first time in the
Goldman Sachs report 2003

The BRIC became a mechanism through which the
countries can exchange opinions, seek convergence,
identify areas of cooperation and influence the
international agenda.

Officially it was admitted as a BRIC nation on 24
December 2010


With the entrance of South Africa, at the 3rd BRICS
Summit, in April 2011, the BRIC became BRICS, with
capital "S".
3
Vast Land Area

Developing Economy Globally

Friendly Trade Relations

Challenges Related To Economic And Social Integration

Desire To Make The International Order More Representative

Possibility Of Cooperation In Many Areas



To achieve regional development

To remove trade barriers

Economic development

Optimum use of resources

Building relationship

KEY ADVANTAGES :
One of the fastest growing economies in the last centuries
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.

CHALLENGES FOR THE FUTURE:
Overburdened and ineffective judicial system.
Industrial output is weak






KEY ADVANTAGES:
Russia has capability in high-technology sectors
Accounts for around 20% of the worlds oil and gas reserves
fall in the number of people living below the poverty line

CHALLENGES FOR FUTURE
Labour shortages and poorly developed infrastructure
Corruption
KEY ADVANTAGES
1.15 billion people
2nd largest labour force
Approximately 2.5 million college graduates per year

CHALLENGES FOR THE FUTURE
Improving basic educational achievement
Improving infrastructure and electrical capacity
Expanding technology industry

KEY ADVANTAGES
Broad expansion of educational achievement
Rapid economic growth
Third largest country in land size


CHALLENGES FOR THE FUTURE
support to rural areas and less-developed regions
Bank of China sees inflation as a bigger risk
Need to improve the investment

KEY ADVANTAGE
The South African economy is now the 23rd largest in the
world
Inflation is now below 5% and falling.
25% of goods produced in South Africa are for export

CHALLENGES FOR THE FUTURE:
The economy is growing but not fast enough
Lack of skills, particularly in IT.
48% of the population is living below the poverty line

12
CONTRIBUTION TO GDP
26 % of Earth's land area
42 % of world's population
46% of worlds work force
19 % of worlds nominal GDP
13
Trade between Brazil, Russia & Rest of BRICS
Trade between India, China & Rest of BRICS




Trade between South Africa & Rest of BRICS












Source based on UN COMTRADE and http://wits.worldbank.org/wits/
To support growth on the continent, notably during the recent
financial crisis

South Africas financial market development and
sophistication

The World Economic Forums 2011/12 Global
Competitiveness Index displayed a high level of confidence in
South Africas financial market development, ranking the
country in fourth place globally on this measure.

Among BRICS members, South African exports to China
grew the most, at 46%, while exports to India grew by 20%, to
Brazil by 14% and by 7% to Russia.



Manufacturing, services and
agriculture

Energy, infrastructure, mining
beneficiation and healthcare

Construction and water provision

The green economy and tourism
India is also expected to grow faster than China after
2020
India- Characterized by a low share of consumption
and high savings.
Rising incomes in the BRICs nations will create a
new middle consumer class
Featured as- Roadmap For Contribution
Important drivers for growth in the global economy.
Expansion of their consumer markets and the rise of
multinational companies
the establishment of a positive multipolarity" in
international affairs
The BRICS were seen by Brazilian diplomats and
scholars as a useful mechanism to project Brazil
internationally in a rapidly changing global
landscape.
Lost speed and altitude over the past two years
Chances of Intra Trade Disputes are high
Difficulties of articulating their conflicting interests
in some sort of common vision became more evident.
Different viewpoints and influence in the
international arena.
BRICS will remain a useful mirror
Brazilian comparisons with China and India in
regards to economic factors
overcoming current obstacles to higher
sustainable growth
drive productivity and competitiveness in an
increasingly integrated world economy
a central role in dealing with global challenges
and threats.
Credit goes to:
AANN
http://www.unitedworld.edu.in/
Campus
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