Brics
Student Name
Student Number
Prashun Sharma
21242060
Maduray Pillay
21242055
Rookesh Rampersadh
21242056
Darnell Kelly
21242062
Assignment Title
:
Economic Fundamentals - Group Assignment
Date
:
2012/08/05
Programme
:
FBMP
1|Page
IMPACT OF BRICS ON THE SOUTH AFRICAN
ECONOMY
BRAZIL, RUSSIA, INDIA, CHINA, SOUTH AFRICA
2|Page
Table of Contents
1. Executive Summary
Page 1
2. Introduction
Page 2
3. Analysis
Page 3
3.1
What is BRICS?
Page 3-5
3.2
BRICS countries economic performance
Page 6-9
3.3
International Monetary Fund (IMF)
Page 10
3.4
World Bank
Page 10-11
3.5
How has S.A gained from its association with BRICS?
Page 11-13
4. Conclusions
Page 14
5. Bibliographies
Page 15
3|Page
1.
Executive Summary
Brazil, Russia, India, China and South Africa (BRICS) are the names of an association of emerging economies. The BRICS members are all developing countries with large, rapidly growing economies.
South Africa (S.A) was the last country to join the association. With members like China and
India who are emerging superpowers of the world, the benefits to S.A as a country are substantial. South Africa has come into the world spotlight after hosting the 2010 Soccer
World Cup and BRICS can prove to be an important association to help us capitalize on the exposure we received.
BRICS nations are quickly evolving from emerging markets to growth markets. They represent a major shift in the geopolitical chessboard.
1|Page
2.
Introduction
Members consisting of Brazil, Russia, India, China and South Africa (BRICS) are all developing or newly industrialized countries that are distinguished by their large, fast growing economies and significant influence on regional and global affairs.
South Africa officially became a member on December 24, 2010, after being formally invited by the BRIC countries to
Student Number
Prashun Sharma
21242060
Maduray Pillay
21242055
Rookesh Rampersadh
21242056
Darnell Kelly
21242062
Assignment Title
:
Economic Fundamentals - Group Assignment
Date
:
2012/08/05
Programme
:
FBMP
1|Page
IMPACT OF BRICS ON THE SOUTH AFRICAN
ECONOMY
BRAZIL, RUSSIA, INDIA, CHINA, SOUTH AFRICA
2|Page
Table of Contents
1. Executive Summary
Page 1
2. Introduction
Page 2
3. Analysis
Page 3
3.1
What is BRICS?
Page 3-5
3.2
BRICS countries economic performance
Page 6-9
3.3
International Monetary Fund (IMF)
Page 10
3.4
World Bank
Page 10-11
3.5
How has S.A gained from its association with BRICS?
Page 11-13
4. Conclusions
Page 14
5. Bibliographies
Page 15
3|Page
1.
Executive Summary
Brazil, Russia, India, China and South Africa (BRICS) are the names of an association of emerging economies. The BRICS members are all developing countries with large, rapidly growing economies.
South Africa (S.A) was the last country to join the association. With members like China and
India who are emerging superpowers of the world, the benefits to S.A as a country are substantial. South Africa has come into the world spotlight after hosting the 2010 Soccer
World Cup and BRICS can prove to be an important association to help us capitalize on the exposure we received.
BRICS nations are quickly evolving from emerging markets to growth markets. They represent a major shift in the geopolitical chessboard.
1|Page
2.
Introduction
Members consisting of Brazil, Russia, India, China and South Africa (BRICS) are all developing or newly industrialized countries that are distinguished by their large, fast growing economies and significant influence on regional and global affairs.
South Africa officially became a member on December 24, 2010, after being formally invited by the BRIC countries to
Bibliography: Wikipedia (2012) (online). Available: http://en.wikipedia.org/wiki/BRICS Young, A (2010) (online). Available: http://www.ibtimes.com/archives/articles/reporters/angelo-young, 30/07/2012 Klomegah, K (2012) (online). Available: www.ipsnews.net/2012/.../brics-bank-could-change-the-money-game International Monetary Fund (2012) (online). Available: www.imf.org/ Naidu, S (2012) (online). Available: www.pambazuka.org/.../...