the uprising power of BRICS, why focuses on China
The Rise of BRICs Powers: Why More Focus on China?
Introduction
What is BRIC powers? BRIC is an acronym for Brazil, Russia, India and China that has been created by Jim O’Neill from Goldman Sachs, the economist investment powerhouse, to identified these four countries as a group that has similar stage of newly advanced economic development. The so called group of emerging power because they have gained influence for over the past decade and their economy grow faster than developed countries.
The BRIC want to reduce the world’s reliance on a weak U.S dollar as a global reserve currency. They also want more representation in the World Bank and International Monetary Fund (IMF). As a big four, these four countries has a similarity which is the emerging society with growing economy and influence and they view Washington as unilateral world leadership. Goldman Sachs predicted the economy and geopolitical influence of BRIC would become increasingly visible in the develop world and even dominate it by 2050.
BRICs Background
In the midst of economic situation, when the United States and European countries has face trouble, the BRIC has gained a economic development and international influences and to be a reflection of the viewers’ own international problem. Can these four countries create a dream that makes ‘the BRIC’ dominates the world? Or their association is only a fictitious and temporary impact do not bring anything to increase their global position? For BRIC to be a global economic power that will help to increase its members’ political position, the biggest factor is the commitment to support its member. Certainly it is not easy to make a national commitment to the absence of a clear benefit that they gained from their presence in the organization. When the major economic power in the world is experiencing an economic downturn, the BRIC economic development kept high. The Deputy prime Minister of Russia, Sergie Ivanov said, the BRIC
Introduction
What is BRIC powers? BRIC is an acronym for Brazil, Russia, India and China that has been created by Jim O’Neill from Goldman Sachs, the economist investment powerhouse, to identified these four countries as a group that has similar stage of newly advanced economic development. The so called group of emerging power because they have gained influence for over the past decade and their economy grow faster than developed countries.
The BRIC want to reduce the world’s reliance on a weak U.S dollar as a global reserve currency. They also want more representation in the World Bank and International Monetary Fund (IMF). As a big four, these four countries has a similarity which is the emerging society with growing economy and influence and they view Washington as unilateral world leadership. Goldman Sachs predicted the economy and geopolitical influence of BRIC would become increasingly visible in the develop world and even dominate it by 2050.
BRICs Background
In the midst of economic situation, when the United States and European countries has face trouble, the BRIC has gained a economic development and international influences and to be a reflection of the viewers’ own international problem. Can these four countries create a dream that makes ‘the BRIC’ dominates the world? Or their association is only a fictitious and temporary impact do not bring anything to increase their global position? For BRIC to be a global economic power that will help to increase its members’ political position, the biggest factor is the commitment to support its member. Certainly it is not easy to make a national commitment to the absence of a clear benefit that they gained from their presence in the organization. When the major economic power in the world is experiencing an economic downturn, the BRIC economic development kept high. The Deputy prime Minister of Russia, Sergie Ivanov said, the BRIC