brics hussain

8/10/2019 Brics Hussain

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By:- Hussain Padrawala

S.Y M.B.A


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ABOUT BRICS BRICS stands for Brazil, Russia, India, 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 developingindustrialized countries

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


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From BRICs to BRICS The BRIC became a mechanism through which the

countries can exchange opinions, seek convergence,identify areas of cooperation and influence theinternational agenda.

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

With the entrance of South Africa, at the 3rd BRICSSummit, in April 2011, the BRIC became BRICS, withcapital "S".

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BRICS: Characteristics

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


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OBJECTIVE OF BRICS

To achieve regional development

To remove trade barriers

Economic development

Optimum use of resources

Building relationship


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ABOUT THE BRICS NATION


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BRAZIL

KEY ADVANTAGES :One of the fastest growing economies in the last centuriesBrazilian economy becoming less dependent on importsExtremely rich in resources such as coffee, sugarcane, crude oiland 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


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RUSSIA

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 FUTURELabour shortages and poorly developed infrastructureCorruption


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INDIA

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


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CHINA

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


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SOUTH AFRICA

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


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BRICs: Chart of Indicators

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CONTRIBUTION TO GDP

26 % of Earth's land area42 % of world's population46% of worlds work force

19 % of world s nominal GDP


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4th BRICS Summit

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BRICS TO BRICS TRADE


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INTRA-BRICS TRADETrade between Brazil, Russia & Rest of BRICS


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Trade between India, China & Rest of BRICS


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Trade between South Africa & Rest of BRICS


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EFFECTS ON TRADE RELATIONS To support growth on the continent, notably during the recent

financial crisis

South Africas financial market development andsophistication

The World Economic Forums 2011/12 GlobalCompetitiveness Index displayed a high level of confidence inSouth Africas financial market development, ranking thecountry in fourth place globally on this measure.

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


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TARGET SECTORS FOR BRICS TRADE

Manufacturing, services and agriculture

Energy, infrastructure, mining beneficiation andhealthcare

Construction and water provision

The green economy and tourism


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ADVANTAGES 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


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DISADVANTAGES The BRICS were seen by Brazilian diplomats and

scholars as a useful mechanism to project Brazilinternationally in a rapidly changing globallandscape.

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.


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FUTURE PROSPECT 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.


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THANK YOU

brics hussain

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