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BRICS
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Sayed Arif
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BRICS - December 26th, 2013

what is brics ? discuss brics in detail?
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Asad Khan
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Re: BRICS - December 26th, 2013

BRICS refers to an acronym, standing for the five countries %u2014 Brazil, Russia, India, China and South Africa, which are seen as the major emerging economies of the world. Earlier, the association was called BRIC, until South Africa joined as the fifth nation on December 24, 2010. As of 2013, the BRICS countries together constitute 40%u0025 of the world%u2019s population with about 3 billion inhabitants. Also they are together responsible for about 18% of the world%u2019s gross domestic product with a GDP of USD 14.8 trillion in 2012.

Many view BRICS as the economies of the future, speculating them to overtake the current major economies by 2050. But simultaneously, the nations are also experiencing problems like recently drooping economic growth, territorial disputes (between India and China), etc.

The most prominent manifestation of the BRICS policies and decisions is noticed at the BRICS summits. Having started with a summit at Yekaterinburg, Russia in 2009, there have been totally five %u2014 two BRIC and three BRICS summits till date. The fifth summit has been hosted vey recently by the South African president Jacob Zuma on 27 March 2013 in Durban.

Salient points of the Fifth BRICS summit:
Theme: %u201CBRICS and Africa: Partnership for Development, Integration and Industrialisation%u201D
1. Settlement on founding of a New Development Bank
2. Convergence on the contingent reserve arrangement (CRA) with a preliminary size of US$100 billion
3. Establishment of the BRICS Think Tanks Council and the BRICS Business Council
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Rose Marry
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Re: BRICS - April 21st, 2016

Quote:
Originally Posted by sayed123 View Post
what is brics ? discuss brics in detail?
Hello dear,

Please check attachment for The Role of BRICS, so please download and check it.
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File Type: pdf The Role of BRICS.pdf (1.16 MB, 0 views)
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