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BRIC Nations

The Future of the World


Presented by: Bharat Jhalani July 2008

Intro
BRIC

or BRICs are terms used in economics to refer to the combination of Brazil, Russia, India, and China. the term was first prominently used in a thesis of the Goldman Sachs investment bank

Intro
The

main point of this 2003 paper was to argue that the economies of the BRICs are rapidly developing and by 2050 will eclipse most of the current richest countries of the world. these countries are not a political alliance, like the European Union, or a formal trading association, but they have the potential to form a powerful economic bloc

Painting BRIC by numbers


L ists C u tr s b to l a e o n ie y ta r a C u tr s b r c iv dF I on ie y e e e D C u tr s b p b d b o n ie y u lic e t C u tr s b p p la n o n ie y o u tio C u tr s b n m e o o n ie y u b r f mb p o e o ile h n s C u tr s b n m e o o n ie y u b r f in r e u r te n t se s C u tr s b im o n ie y p o ts r C u tr s b g o d m stic o n ie y r ss o e po ut rdc C u tr s b fo e n o n ie y r ig e c a g r se v s xhne e r e C u tr s b e te n l d b o n ie y x r a e t C u tr s b e p r o n ie y x o ts C u tr s b e c ic o n ie y le tr ity cn o su m tio p n C u tr s b c r e t a c u t o n ie y u r n c o n b la c a ne ` B a il rz 5 th 1 th 6 4 th 7 5 th 6 th 6 th 2 th 6 1 th 0 7 th 2 th 5 2 st 1 1 th 0 2 th 9 R ssia u 1 st 1 th 2 17 1 th 9 th 4 th 1 th 1 1 th 7 1 th 1 3 rd 2 th 0 1 th 1 3 rd 5 th In ia d 7 th 3n 2d 2 th 9 2d n 2d n 5 th 1 th 6 1 th 2 4 th 2 th 9 2 th 5 7 th 14 5 th C in h a 3 rd 5 th 9 th 8 1 st 1 st 2d n 2d n 4 th 1 st 2n 2d 2d n 2d n 1 st

Interesting Facts
Growth

and Trade: Between 2000 and 2005, the BRICs contributed roughly 28% of global growth in US dollar terms and 55% in purchasing power parity (PPP) terms. Their share of global trade continues to climb at a rapid rate. At close to 15% currently, it is now double its level in 2001. The BRICs' share of oil demand is moving steadily higher, with an estimated 18% share in the current year

Interesting Facts

Capital Flows: The BRICs have played an important part in global financial developments. Latest estimates suggest that the BRICs now hold more than 30% of world reserves. Also, despite the reserve accumulation, real exchange rates in each country have appreciated over the last couple of years. BRICs' current accounts continue to be in surplus, reflecting the group's key role in the global savings supply. The BRICs' current account is estimated at around US$ 240 bn in 2005 (close to 6% of BRICs' GDP). Further, the BRICs' share as a destination for global FDI also continues to rise (now 15% of the global total, nearly three times higher than in 2000).

Interesting Facts
Markets:

BRICs' stock markets have got gradually re-rated since 2003, with Brazilian, Russian and Indian indices all up by around 150% over that period. China however, has been the only exception in this regard. The BRICs' market capitalization is currently close to 4% of the global total.

BRIC in 2050
Gross Domestic Product [2007] Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 GDP (millions of USD) US 13,843,825 4,383,762 Japan Germany 3,322,147 3,250,82 7 China UK 2,772,570 2,560,255 France 2,104,666 Italy 1,438,959 Spain Canada 1,432,140 1,313,590 Brazil 1,289,582 Russia 1,098,945 India South 957,053 Korea Australia 908,826 Mexico 893,365 Country Gross Domestic Product [2050] Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 GDP (millions of USD) 78,000,000 China US 38,500,000 37,600,000 India 11,300,000 Brazil 9,340,000 Russia Mexico 8,580,000 Indonesia 7,010,000 6,670,000 Japan UK 5,130,000 Germany 5,020,000 4,640 ,000 France Nigeria 4,590,000 South 4,080,000 Korea 3,940,000 Turkey Vietnam 3,600,000 Country