What Are The BRICS Countries
Check out our How Powerful playlist: http://testu.be/1BUtpSI Subscribe! http://bitly.com/1iLOHml BRICS, also known as Brazil, Russia, India, China and South Africa, were set to dominate the...
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In 2001, Goldman Sachs predicted that a group of developing and newly industrialized countries could come to dominate Western economies. Since then, those countries have exploded in growth, and changed the landscape of world politics. So, what are the BRICS countries? BRICS is an acronym for Brazil, Russia, India, China, and South Africa. Those five countries comprise nearly half of the world’s population, a quarter of the world’s landmass, and a fifth of the world’s GDP. Their combined GDP is nearly that of the United States, and growing. A major aspect of their alliance is the formation of the New Development Bank, to compete with the IMF and the World Bank. This gives them greater leeway to loan each other and other countries money for development, u...
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In 2001, Goldman Sachs predicted that a group of developing and newly industrialized countries could come to dominate Western economies. Since then, those countries have exploded in growth, and changed the landscape of world politics. So, what are the BRICS countries? BRICS is an acronym for Brazil, Russia, India, China, and South Africa. Those five countries comprise nearly half of the world’s population, a quarter of the world’s landmass, and a fifth of the world’s GDP. Their combined GDP is nearly that of the United States, and growing. A major aspect of their alliance is the formation of the New Development Bank, to compete with the IMF and the World Bank. This gives them greater leeway to loan each other and other countries money for development, u...
