Executive Summary In 2003‚ Goldman Sachs‚ a leading investment banking company published a report on the future of the world economy. According to the report‚ the BRIC countries will become leaders in the economic powers of the world by 2050‚ with the USA and Japan amongst the six largest economies of the world. The forecast predicts that BRIC will show higher returns‚ increased demand for capital‚ and stronger national currencies. The research that has been conducted on these countries will (1) reveal
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BRIC The four BRIC countries which includes Brazil‚ Russia‚ India and China are distinguished from a host of other promising to emerge markets by their demographic and economic potential to rank among the world’s largest and most influential economies in the 21st century.Together‚ the four original BRIC countries which include more than 2.8 billion people or 40 percent of the world’s population‚ cover more than a quarter of the world’s land area over three continents‚ and account for more than 25
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BRICS Countries Introduction BRICS represents the first important non-Western global initiative in the post-Cold War world. It brings together five major emerging powers located in different parts of the world — Brazil‚ Russia‚ India‚ China‚ and South Africa‚ with the first letter in their names making up the acronym BRICS. In fact‚ the BRICS grouping can be called the R-5‚ after the names of its members’ currencies — the real‚ ruble‚ rupee‚ renminbi‚ and rand. * History The foreign
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BRICS- Present Scenario In demographic terms‚ BRICS holds the world’s two most populated countries and another two with considerable populations. China alone holds a fifth of the world’s population‚ and is closely followed by India (17.5%) and‚ by a larger gap Brazil (2.9%) and Russia (2.2%). Despite their large territories – Russia’s 17 million sq.km‚ India’s 3.2 million sq.km‚ China’s 9.3 million sq.km and Brazil’s 8.5 million sq.km–‚ the BRICS differ from each other in terms of natural
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Goldman Sachs‚ coined the term BRIC countries in 2001 and argued that the economic potentials of the emerging markets of Brazil‚ Russia‚ India‚ and China are immense in the decades to come. BRIC countries have performed amazingly well over the last decade. In many cases‚ they have far outperformed the advanced industrialized countries in terms of economic growth and assessments by ratings agencies. As the first year of new decade has past‚ economists are wondering if BRIC countries could retain the momentum
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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
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Research Topic What are the key factors that have led to the rise of the ‘BRICs’ (Brazil‚ Russia‚ India and China) in the world economy? Focusing on ONE of these countries‚ examine how its position is changing in the world economy in the context of the current global recession. Structure 1. Rise of BRIC and factors contributing the rise 2. China – The rising dragon‚ (most influential amongst BRICs) 3. Global financial crisis a. Impact on China and major challenges ahead
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1. Map the likely evolution of the BRICs. What indicators might companies monitor to guide their investments and actions? China and India will be the dominant global suppliers of manufactured goods and services‚ respectively‚ while Brazil and Russia will become the principal suppliers of row materials. Collectively‚ on almost every scale‚ they will become the largest entity on the global stage. The unfolding influence of the BRICs as engines of new growth and spending power leads some to argue that
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BRICs IN GLOBAL ECONOMY BRICs are the new organization that formed based on the economic interest of its own member. The main objectives that been put on the head of BRICs is to concur the global economy. From this it has made the transformation of economic in the international level. If it is come to Russia and China‚ both of them had involved in the Cold War and that is when their economy went down so badly. The Cold War also happen because of the economic aspect and economic interest but the
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Evgeniya Vasilchenko MIGE Summer 2014 Assignment 1 - Comparative Analysis of the BRICS1 BRICS refers to the group of large‚ developing countries of Brazil‚ Russia‚ India‚ China‚ and South Africa. The term BRICs was originally used by Goldman Sachs in a paper discussing the shift in global economic power from the leading world economies towards these rapidly developing‚ fast-growing‚ emerging markets.1 It’s important to note that the Goldman Sachs thesis
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