Date post: | 13-Apr-2015 |
Category: |
Documents |
Upload: | hunar-khanuja |
View: | 50 times |
Download: | 2 times |
The BRICS Formation The BRICS Formation
Presented by Group 10.2Sareesha Poonoosamy, Luphumlo Twala, Dirk
Ordendaaland Collin Fish
International Management
IntroductionIntroduction
Overview
The BRIC Formation
The future significance of BRIC – video
Advantages and disadvantages of South Africa joining
Conclusion
Questions
The BRIC Landscape The BRIC Landscape
Video Video
The BRIC Formation The BRIC Formation
Relevance of BRIC : WORLD Relevance of BRIC : WORLD GDPGDP
Source:https://www.cia.gov/library/publications/the-world-factbook/geos/sf.html
BRAZILBRAZIL
GDP: $ 2.194 trillion GDP Real Growth Rate: 7.5% GDP per capita (PPP): $ 10,900Source: CIA World Fact Book
Source: Global Edge Business Review: The BRIC Countries, Thomas Hult: Vol 3, No.4, 2009.
RUSSIARUSSIA
GDP: $ 1.477 trillion GDP Real Growth Rate: 3.8% GDP per capita (PPP): $ 15,900 (Source: CIA World Fact Book)
Source: Global Edge Business Review: The BRIC Countries, Thomas Hult: Vol 3, No.4, 2009.
INDIAINDIA
GDP: $ 1.43 trillion GDP Real Growth Rate: 8.3% GDP per capita (PPP): $ 3,400 Source: CIA World Fact Book
Source: Global Edge Business Review: The BRIC Countries, Thomas Hult: Vol 3, No.4, 2009.
CHINACHINA
GDP: $ 5.745 GDP Real Growth Rate: 10.3% GDP per capita (PPP): $ 7,400Source: CIA World Factbook
Source: Global Edge Business Review: The BRIC Countries, Thomas Hult: Vol 3, No.4, 2009.
The future significance of The future significance of BRIC BRIC
Source:https://www.cia.gov/library/publications/the-world-factbook/geos/sf.html
Advantages Advantages • May serve as gateway for BRIC into rest of SADC / Africa
• Enhance trade possibilities with BRIC countries
• Significant inflows of FDI to upgrade and expand infrastructure
• Opportunities for new global political platform
• Opportunity for SA to lead African emergence as global economic force
• Benefit from fraternal environment, share economic lessons learnt
• Platform on which to further diversify away from European markets (limits risk)
Disadvantages Disadvantages Smallest population and economy size ($300 billion)
HIV/AIDS pandemic
May lose position as Africa’s biggest economy in future
Runs risk of becoming irrelevant (limited power) within BRICS due to her small size compared to BRICS peers
Proposed growth policies might achieve the opposite- Weakening the rand-Direct govt intervention in a range of sectors-Reducing international competition
Disadvantages Disadvantages Unresolved issues (internal conflict) affecting
BRIC cohesion
Limited access due to barriers of entry
Conclusion Conclusion Investment origin
Informal association
BRIC countries will become a dominant force
Our Credentials
Pros and cons for South Africa
Demonstrates South Africa’s growing
stature
Potential benefits
Great opportunity
Final outcome is in our hands
Questions