Dreaming With Brics: The Path To 2050

DREAMING WITH BRICS
The path to 2050
BRICS
BRICS stand for Brazil, Russia, India, China &
South Africa.
Came into existence in the year 2001 as BRICNATIONS. BRICS is international political organization of
leading emerging economies its Five members are all developing industrialized countries.
Biggest and fastest growing emerging economies
Term BRIC was first prominently used in a
Goldman Sachs report from 2003.
South Africa has been asked to join the BRIC group of major emerging markets. 24, 2010
Officially admitted as a BRIC nation on December
South Africa stands at a unique position to
influence African economic growth and investment
Cont
China is South Africas largest trading partner India wants to increase commercial ties with Africa South Africa brought into BRIC "not only South
Africa but a larger African market of a billion people,"
Objectives of BRICS
1-To achieve regional development 2-To remove trade barriers. 3-Economic development. 4-Optimum use of resources. 5-Builiding relationship.
BRICS Summit
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 BRICS group. Issued a joint statement on global food security, calling for "action by all governments and the relevant international agencies
Cont
Attacked the role of dollar as the primary
international currency & suggested new global reserve currency that is 'diversified, stable and predictable'.
2nd BRIC summit held on April 16, 2010 Brazil
3rd BRICS summit held on April 14, 2011 china
The Fourth BRICS Summit was hosted in New Delhi on 29 March 2012 under the theme of BRICS Partnership for Global Stability, Security and Prosperity. The Summit has imparted further momentum to the BRICS process of planning a joint development bank.
Dreaming with BRICS: The Path to 2050
Already BRICS accounts for:

40 per cent of the world's population, 25.9 per cent of its total geographic area, 40 per cent of global GDP By 2050, BRICS countries expected to accounts
for over 40% of the worlds population and 60% of global GDP.
Cont
BRICS could be larger economies than the united states and the developed economies of Europe within 40 years . China and India will become worlds dominant suppliers manufactured goods and services
Brazil and Russia will become
dominant suppliers raw materials
BRAZIL
KEYADVANTAGES
One of the fastest growing economies in the
last century
Brazilian economy becoming less dependent
on exports
Extremely rich in resources such as coffee,
sugarcane, iron , and crude oil etc
Cont.
Focus on equitable development has
resulted in significant poverty reduction
Challenges for the Future

Overburdened and ineffective judicial
system
Industrial output is weak
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
Cont
Labor shortages and poorly developed
infrastructure
Corruption
INDIA
Key Advantages
1.15 billion people
2nd largest labor force
Approximately 2.5 million college graduates
per year
Cont..
Improving basic educational achievement
Improving infrastructure and electrical
capacity
Expanding technology industry
CHINA Key Advantages

Broad expansion of educational
achievement
Rapid economic growth
Third largest country in land size
Cont
support to rural areas and less-developed
regions.
Bank of China sees inflation as a bigger risk . Need to improve the investment
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
Cont
Challenges:
The economy is growing but not fast enough
Lack of skills, particularly in IT.
48% of the population is living below the
poverty line
Recession & Brics

The global financial meltdown of 2008 has not left the
economies of Brazil, Russia, India, China & south Africa known as the BRICS club injured.
As the developed world faces recession, BRICS growth
is inevitably set to slow.
Yet strong foreign exchange reserves and growing
domestic demand has allowed BRICS to with stand the crisis and continue growing, strengthening their position as a major consumer market.
Financial contribution
India has provided loans of more than
$200million to the African countries since 2009.
China has invested almost $4000 million as foreign
direct investment.
Russia too has contributed more than
$3000million as FDI
Brazil has invested around $4000 million in Africa.
Strengths
After a decade of growth, BRICS economies have built
up strong consumer demand, which could take the lead as the prime engine for growth.
All BRICS countries have accumulated high levels of
foreign exchange reserves.

foreign exchange reserves will allow governments to
boost public spending in order to support the economy. This could take the form of social benefits to encourage consumers to spend more
Opportunities
Inclusive growth
BRICS economies could become a much larger
force in the world economy.

The BRICS real exchange rates could appreciate by
up to 300% over the next 50 years

BRICS maintain policies and develop institutions
that are supportive of growth
BRICS NATIONS FUTURE BANK
BRICS nations are going to develop a joint bank within the BRICS nations for assistant them self, And to meet the following reasons:
Cont
o o
o
o o
Growing emerging markets. Climate change, food and energy security, International economic exchange. Financial assistant. Populations control
Market analysis
The concept of a joint development bank within BRICS nations whether its needed to establish.?
YES its need full Thought.

1-GDP growth rate in BRICS nations is higher 2-Massive marketing opportunities. 3-Service sector contribution. 4-Human resources using.
SWOT Analysis
Strength of the BRICS nations
1- To use resources. 2-Market opportunities. 3-Economic developments.
Weakness of the BRICS nations

1- Population problem. 2- lack of Infrastructure. 3- Decreasing GDP growth rate.
Cont
Opportunities of the BRICS nations
1- To expand the market. 2- Regional development. 3-Monetry resources.
Threats of the BRICS nations

1-Financial crises. 2- Threats from other unions. 3-dollar role
Criticism
The BRICS dream isnt green.
Nothing more than a neat acronym for the five largest
emerging market economies.

A criticism is that the BRICS projections are based on
the assumptions that resources are limitless and endlessly available when needed
Cont.
BRICS doesnt have a concrete and constructive agenda
for change or vision for a future world order.

China is the muscle of the group and the Chinese know
it. They have effective veto power over any BRICS initiatives
Conclusion
The BRICS have come together in a political grouping in
a way that has far exceeded most expectations.

Although BRICS cooperation has been significant, intra-
BRIC competition and rivalry are important limits on how much further BRICS cooperation can go.
cont.
BRICS nations have the potential and the
resources to form a powerful economy with greater opportunity than any other nation
Whether they would surpass the expectations lying on them is something that we can only speculate on. But it is no doubt, that they have become more important today than before more rests on their growth rather than on the growth of the previously bigger powers of the world.
The BRICS are becoming super powers.

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DREAMING WITH BRICS

The path to 2050

Term BRIC was first prominently used in a

Goldman Sachs report from 2003.

Officially admitted as a BRIC nation on December

South Africa stands at a unique position to

influence African economic growth and investment

Africa but a larger African market of a billion people,"

summit on 16 June 2009, in Yekaterinburg, Russia.

2nd BRIC summit held on April 16, 2010 Brazil

3rd BRICS summit held on April 14, 2011 china

Dreaming with BRICS: The Path to 2050

Already BRICS accounts for:

Brazil and Russia will become

dominant suppliers raw materials

sugarcane, iron , and crude oil etc

resulted in significant poverty reduction

Challenges for the Future

and gas reserves

2nd largest labor force

Approximately 2.5 million college graduates

Improving infrastructure and electrical

CHINA Key Advantages

Third largest country in land size

23rd largest in the world

are for export

The economy is growing but not fast enough

Lack of skills, particularly in IT.

48% of the population is living below the

Recession & Brics

As the developed world faces recession, BRICS growth

is inevitably set to slow.

Yet strong foreign exchange reserves and growing

$200million to the African countries since 2009.

China has invested almost $4000 million as foreign

Brazil has invested around $4000 million in Africa.

All BRICS countries have accumulated high levels of

foreign exchange reserves.

force in the world economy.

up to 300% over the next 50 years

that are supportive of growth

BRICS NATIONS FUTURE BANK

YES its need full Thought.

Weakness of the BRICS nations

Threats of the BRICS nations

emerging market economies.

BRICS doesnt have a concrete and constructive agenda

for change or vision for a future world order.

The BRICS have come together in a political grouping in

a way that has far exceeded most expectations.

The BRICS are becoming super powers.

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