BRICS Present a Ion New (1)

8/3/2019 BRICS Present a Ion New (1)

1/23


2/23

BRICS

BRAZIL

INDIA


3/23


4/23

The term was first prominently used in a thesis of theGoldman Sachs investment bank.

Jim ONeill, the chief economist of Goldman Sachs,had coined the word in 2001 while exploring thecountries impact as emerging economicpowerhouses.

He had written a paper called Building Better GlobalEconomic BRICS. which revealed that if the worldwas to evolve economically, we have to involve thesecountries.


5/23

The main point of this 2003 paper was to argue thatthe economies of the BRICS are rapidly developingand by 2050 will eclipse most of the current richest

countries of the world.

These countries are not a political alliance, like theEuropean Union, or a formal trading association, butthey have the potential to form a powerful economicgroup.


6/23

Painting BRICSby numbers


7/23

BRAZIL RUSSIA INDIA CHINA SOUTHAFRICA

CAPITAL Braslia Moscow New Delhi Beijing Pretoria

Officiallanguage

Portuguese Russian Hindi,English

StandardChinese

English,Afrikaans

President DilmaRousseff

DmitryMedvedev

PratibhaPatil

Hu Jintao Jacob Zuma

Area 8,514,877km2

17,075,400km2

3,28,263km2

9,640,821km2

1.221,037km2

GDP (PPP) $2.181trillion

$2.219trillion

$3.862trillion

$10.084trillion

$505.214billion

Currency REAL Ruble (RUB) RUPEE YUAN Rand (zar)


8/23

Categories Brazil Russia India China South Africa

Area 5th 1st 7th 3rd 25th

Population 5th 9th 2nd 1st 25th

GDP (nominal) 8th 12th 11th 3rd 28th

GDP (PPP) 9th 7th 4th 2nd 26th

Exports 23rd 12th 18th 1st 41st

Imports 24th 14th 15th 2nd 34th

Current account balance 47th 5th 169th 1st 178th

Foreign exchange reserves 7th 3rd 5th 1st 37th


9/23

POPULATION

BRAZIL RUSSIA INDIA CHINA SOUTHAFRICA

POPULATION 190,732,694 141,945,966 1,028,610,328 1,242,612,226 49,320,150

POPULATIONDENSITY

22/km2 8.3/km2 362.7/km2 139.6/km2 40/km2

DEMONYM BRAZILIAN RUSSIA INDIAN CHINESE SOUTHAFRICAN


10/23

Rank

2050Country 2050 2045 2040 2035 2030 2020 2010 2006

Rank

2010

1 China 70,710 57,310 45,022 34,348 25,610 12,630 4,667 2,682 2

3 India 37,668 25,278 16,510 10,514 6,683 2,848 1,256 909 11

4 Brazil 11,366 8,740 6,631 4,963 3,720 2,194 1,346 1,064 10

6 Russia 8,580 7,420 6,320 5,265 4,265 2,554 1,371 982 9

Gross Domestic Product per capita ($ trillions) [2050-2006]


11/23

BRAZIL

Brazil is the largest national economy in Latin America.

The world's eighth largest economy at market exchangerates and the ninth largest in purchasing power parity(PPP).

Brazil has a free market economy with abundant naturalresources.

It has large and developed agricultural, mining ,manufacturing and service sectors, as well as a largelabor pool.


12/23

RUSSIA

Russia has a market economy with enormous naturalresources, particularly oil and natural gas.

It has the 10th largest economy in the world by

nominal GDP and the 6th largest by purchasing powerparity(PPP).

Growth averaging 7% annually.

Oil, natural gas, metals, and timber account for morethan 80% of Russian exports. Aircraft manufacturing isan important industry sector in Russia


13/23

INDIA

India is a parliamentary democracy consisting of 28states and 7 union territories where 400 languages arespoken.

Major industries include textiles, telecommunications,

chemicals, food processing, steel, transport equipment,cement, mining, petroleum, machinery and software.

India's external trade has reached a relatively moderateshare of 24% of GDP in 2006, up from 6% in 1985.

Education in India is provided by both public and privatesector.

India ranks second worldwide in farm output and our oilreserves meet 25% of the domestic oil demand.


14/23


15/23

SOUTH AFRICAS INCLUSION

South Africa was officially admitted as a BRIC nationon December 24th,2010 after being invited by Chinaand the other BRIC countries to join the group.

South Africa stands at a unique position to influenceAfrican economic growth and investment.

South Africa is Africas largest economy, and ranks at

number 31 amongst the global economies.


16/23

2010 BRIC summit

The 2010 BRIC summit took place in Brasilia,Brazil on April 16, 2010. This was the second BRICsummit after 2009 . The meeting took place betweenthe four heads of government from the BRIC nations.

Between 2003 and 2007, BRIC countries carried 65%of the expansion of global GDP.

In 2009, the combined GDP of the BRIC countrieswas US$16.3 trillion, or 23.4% of the global total.

From 2003 to 2008, Brazils trade with the other BRICcountries increased by 382%, or US$10.7 billion toUS$51.7 billion


17/23

The leaders discussed :

Current issues including Iran and nuclear weaponsdevelopment.

The furtherance of the BRIC as an internationalbody, the global economic situation at the time.

Reform of financial institutions.

The financial G20 and, cooperation and issuesrelated to global governance.

CONTINUED.


18/23

Interesting Facts

Growth and Trade: Between 2000 and 2005, theBRICs contributed roughly 28% of global growth in USdollars.

Their share of global trade continues to climb at arapid rate.

At 15% currently, it is now double its level in 2001.

The BRICs' share of oil demand is moving steadilyhigher, with an estimated 18% share in the currentyear


19/23


20/23

Interesting Facts

FDI also continues to rise (now 15% of the global total,nearly three times higher than in 2000).

Markets: BRICs' stock markets have got gradually re-

rated since 2003, with Brazilian, Russian and Indianindices all up by around 150% over that period.

The BRICs' market capitalization is currently close to

4% of the global total.


21/23

BRIC in 2050

Gross Domestic Product [2007] Gross Domestic Product [2050]

Rank CountryGDP (millions of

USD)

1 US 13,843,825

2 Japan 4,383,762

3 Germany 3,322,147

4 China 3,250,827

5 UK 2,772,570

6 France 2,560,255

7 Italy 2,104,666

8 Spain 1,438,959

9 Canada 1,432,140

10 Brazil 1,313,590

11 Russia 1,289,582

12 India 1,098,945

13South

Korea957,053

14 Australia 908,826

15 Mexico 893,365

Rank CountryGDP (millions of

USD)

1 China 78,000,000

2 US 38,500,000

3 India 37,600,000

4 Brazil 11,300,000

5 Russia 9,340,000

6 Mexico 8,580,000

7 Indonesia 7,010,000

8 Japan 6,670,000

9 UK 5,130,000

10 Germany 5,020,000

11 France 4,640,000

12 Nigeria 4,590,000

13South

Korea4,080,000

14 Turkey 3,940,000

15 Vietnam 3,600,000


22/23

END NOTE

Concluding and analyzing the above facts andfigures, we know that BRICS nations form thebackbone of future economy of the world. Thisleaves us with some unanswered questions.

What all can be done to utilize the mentionedBRICS resources.

How can we as managers help in utilizing thegrowth potential of BRICS

How can the skills, economic advantage andmanpower of the work force be efficiently used.

In what way can the brain power and knowledge beshared amongst the academic institutions of BRICS.

.


23/23

Prepared by: Abhinav Mathur

Arpit Jain

Aman Chaudhary Nikhil Yadav

Priyamvada Rao

Seema Kataria

Student Committee,Centre for BRICS Studies,

Amity University, Haryana.

THANK YOU

BRICS Present a Ion New (1)

Documents

Transcript of BRICS Present a Ion New (1)