Transcript China group BRICS Final Powerpoint

Delegation Members:
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Barbie Bell
Director-General Latin American Affairs
China Brazil Bilateral Meeting Report
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Brenda Caldwell
Director-General Policy Planning Department
Rise of BRICS, PowerPoint
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Dolores Haugen
Director-General Asian Affairs, Foreign Ministry
China India Bilateral Meeting Report, Introduction
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Ann-Kristine Thrift Director-General European-Central Asian Affairs
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Sarah Van Horn
China Russia Bilateral Meeting Report, China’s Contributions
Director-General African Affairs
China South Africa Bilateral Meeting Report
Brazil, Russia, India, China and South Africa
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BRICS Countries make up approximately 40% of the world population.
BRICS control 25.9% of the total geographic area of the world.
BRICS make up 25% of the global GDP.
BRICS currencies could appreciate by 300% by 2050.
BRICS holds 3.93 trillion in foreign reserves.
The rising middle class in these countries has increased their purchasing power.
The GDP Growth rates for BRIC Countries are much higher than in developed
countries markets.
By 2050, three of the largest four economies will be from Asia.
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High growth rates
Increased foreign direct investment
Investment in infrastructure
Growing middle class boosts demand
Large supply of educated cheap workforce
High potential for supply of outsource work
Domestic/global mergers/acquisitions
Abundant agricultural/mineral resources
Rapid expansion of commodity markets
Business confidence
Increaed employment
Volatile markets
 Unstable economies
 Geographic locations where natural disasters
happen
 Export driven economies
 Weak infrastructure
 Energy concerns
 Shortage of skilled workers in certain areas
 Inflation
 Access to finance
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Hierarchy plays a part in
government and business affairs
 Community can take precedence
over the individual
 Society may not embrace the
Internet and Technology which
makes paper documents and
archival storage important
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BRICS rose because of the change in world order.
Multipolarity brought O’Neill’s coining of the term BRIC and his
prediction that they would become a powerful group.
The rise of the middle class helped the BRICS countries grow
through increased incomes and increased spending.
BRICS countries grew in trade with each other and trade with the
US.
More capitalists models for their economies have assisted these
countries in stabilizing their economies, growing domestic
companies and competing internationally.
Key Advantages
 Broad expansion of educational
achievement
 Rapid economic growth
 Resilience to global economic
problems
 Large country
 Well educated people
 Cheap workforce
 People have a tradition of saving
money
Challenges for the Future
o For China to be recognized as a
global power requires adherence to
western norms
o State run enterprise.
o Demographic shifts.
o Complex foreign relations with others
in the world.
o Export market problems
o Urban unemployment rise
o Fixed exchange rate
o Government control
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Reform of the international monetary system
Risks of cross-border capital flow to emerging
markets
Macroeconomic policies for balanced growth in the
global economy
Turmoil in the Middle East and Africa
Diplomacy in issues in Lybia
Commodity price fluctuations
Reform of the World Bank
Climate Change
The Global Economy
 Political developments in the World
 Trade Agreements
 Agriculture
 Health, Science and Technology
 Security
 Business and Industry
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