BRICS
BRICS is the acronym coined for
an association of five major emerging national economies: Brazil, Russia,
India, China and South Africa. The BRICS members are known for their
significant influence on regional affairs. Since 2009, the BRICS nations have
met annually at formal summits. Wikipedia
Founded: June 2006
Formation: 2009
Official language: Portuguese, Russian, Hindi, Chinese, English
State Leaders: Jair Bolsonaro; Vladimir Putin; Narendra Modi; Xi Jinping; Cyril Ramaphosa
Leaders: Jair Bolsonaro, Vladimir Putin, Narendra Modi, Xi Jinping, MORE
Founders: India, China, Russia, Brazil
BRICS is the group composed by
the five major emerging countries - Brazil, Russia, India, China and South
Africa -, which together represent about 42% of the population, 23% of GDP, 30%
of the territory and 18% of the global trade.
BRICS is an acronym for the
economic bloc of countries consisting of Brazil, Russia, India, China and South
Africa. In 2010, South Africa joined the BRIC group.
BRICS is a grouping acronym
referring to the countries of Brazil, Russia, India, China and South Africa,
deemed to be developing countries at a similar stage of newly advanced economic
development, on their way to becoming developed countries.
Objectives.
The BRICS seeks to deepen,
broaden and intensify cooperation within the grouping and among the individual
countries for more sustainable, equitable and mutually beneficial development.
BRIC countries were originally
projected to be the fastest-growing market economies by Jim O'Neill of Goldman
Sachs in 2001. It has been postulated that by 2050 these economies would be
wealthier than most of the current major economic powers. This growth is due to
lower labor and production costs in these countries.
