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1. DREAMING WITH BRICS
The path to 2050

2. 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.

3.  South Africa has been asked to join the BRIC
group of major emerging markets.
 Officially admitted as a BRIC nation on December
24, 2010
 South Africa stands at a unique position to
influence African economic growth and
investment

4. Cont…
 China is South Africa’s 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,"

5. Objectives of BRICS
1-To achieve regional development
2-To remove trade barriers.
3-Economic development.
4-Optimum use of resources.
5-Builiding relationship.

6. 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“

7. 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

8. 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.

9. 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 world’s population and 60%
of global GDP.

10. Cont…
 BRICS could be larger economies than the united
states and the developed economies of Europe within
40 years .
 China and India will become world’s
dominant suppliers
 manufactured goods and services
 Brazil and Russia will become
dominant suppliers
 raw materials

11. 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

12. Cont….
 Focus on equitable development has
resulted in significant poverty reduction
Challenges for the Future
 Overburdened and ineffective judicial
system
Industrial output is weak

13. RUSSIA
KEY ADVANTAGES
 Russia has capability in high-technology
sectors
 Accounts for around 20% of the world’s oil
and gas reserves
 fall in the number of people living below the
poverty line

14. Cont…
Challenges for the Future
Labor shortages and poorly developed
infrastructure
Corruption

15. INDIA
Key Advantages
1.15 billion people
2nd largest labor force
Approximately 2.5 million college graduates
per year

16. Cont..
Challenges for the Future
Improving basic educational achievement
Improving infrastructure and electrical
capacity
Expanding technology industry

17. CHINA
Key Advantages
 Broad expansion of educational
achievement
 Rapid economic growth
 Third largest country in land size

18. Cont…
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

19. 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

20. 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

21. 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.
Š
 As the developed world faces recession, BRICS growth
is inevitably set to slow.
Š
 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.

22. Financial contribution
 India has provided loans of more than
$200million to the African countries since 2009.
Š
 China has invested almost $4000 million as foreign
direct investment.
Š
 Russia too has contributed more than
$3000million as FDI
Š
 Brazil has invested around $4000 million in Africa.

23. 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.
Š
 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

24. 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

25. 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:

26. Cont…
o Growing emerging markets.
o Climate change, food and energy security,
o International economic exchange.
o Financial assistant.
o Populations control

27. 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.

28. 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.

29. 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

30. Criticism
 The BRICS dream isn’t 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

31. Cont….
BRICS doesn’t 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

32. 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.

33. cont….
BRICS nations have the potential and the
resources to form a powerful economy with
greater opportunity than any other nation
The BRICS are becoming super powers.
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.