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BRICS

BRICS is an intergovernmental organization formed by Brazil, Russia, India, China and South Africa to promote economic cooperation between the member nations and has since expanded its focus to include political and security issues. It was originally formed to increase trade and attract foreign investment between the member countries and boost their economic growth.

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34 views

BRICS

BRICS is an intergovernmental organization formed by Brazil, Russia, India, China and South Africa to promote economic cooperation between the member nations and has since expanded its focus to include political and security issues. It was originally formed to increase trade and attract foreign investment between the member countries and boost their economic growth.

Uploaded by

Khushal Bachwani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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BRICS (BRAZIL, RUSSIA, INDIA,

CHINA, SOUTH AFRICA)


BRICS stands for Brazil, Russia, India, China, and South
Africa. It is an intergovernmental organization that was
originally formed to promote economic cooperation
among the member nations. The group has since
expanded its focus to include political and security issues.

BRICS LOGO

 Brazil is the largest country in South America and


has a population of over 210 million people. It is a
major producer of agricultural products, such as
coffee, soybeans, and sugar.
 Russia is the largest country in the world by land
area and has a population of over 144 million
people. It is a major producer of oil and natural gas.
 India is the most populous country in the world with
over 1.4 billion people and more. It is a major
producer of information technology and
pharmaceutical products.
 China is the second most populous country in the
world with over 1.4 billion people. It is the world's
second-largest economy and a major producer of
manufactured goods.
 South Africa (the year later joined) is the
southernmost country in Africa and has a population
of over 60 million people. It is a major producer of
gold, diamonds, and platinum.
In 2023, Saudi Arabia, Iran, Ethiopia, the United Arab
Emirates, and Argentina were invited to join BRICS. The
expansion of the group is seen as a way to increase its
influence on the world stage.
The main reason to join the brics is to get access to new
development bank founded in 2014
They also make up over 40% of the world’s population
and almost 1/3 of the world GDP Gross Domestic
Product
Why was BRICS form

The BRICS nations initially formed to focus on economic


cooperation. This means they aimed to:
 Increase trade between member countries.
 Attract foreign investment.
 Boost economic growth for all members.
Over time, BRICS has expanded its focus to other areas.
Here's a broader look at their work:
 Political and Security Cooperation: BRICS nations
discuss global issues and work towards solutions
together.
 Financial Cooperation: They've created institutions
like the New Development Bank to support
infrastructure projects and provide financial
assistance.
 Cultural and People-to-People Exchanges: BRICS
countries promote cultural understanding and
collaboration among their citizens.
So, BRICS works on a range of issues, but economic
cooperation remains a core aspect of their collaboration.

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