BRIC nations Flashcards
(33 cards)
What nations are in the BRIC nations
Brazil, Russia, India and China
Some argue that by 2050…
the combined economies in the BRICs nations could be larger than the current largest economies in the world
What are the weaknesses of Brazil?
They have an unstable economy, high rates of inflation, political divide, small military
What are the strengths of Brazil?
Rich in natural resources and strong global soft power
What are the disadvantagrs of Russia?
The invasion of Ukraine exposed a disorganised and poorly trained military as Russia miscalculated it’s invasion
What are the advantages of India?
Now have the world’s largest population, strong economic growth of 7% a year, largest number of military personel, growing working age population
What are the advantages of China?
China now has the world’s largest navy and have control over Taiwan
What are the disadvantages of China as an emerging power?
Their economic growth is slowing down, ongoing property market decline
How much did China’s population shrink in 2023?
the population shrank by 2 million
How much does India’s economy grow each year?
7%
With China and India’s size, growth rate and dynamisism it is highly likely that…
They are going to transform he 21st century global economy
It is likely that the balence of powers and technologies will shift from West to East as…
education, innovation and consumer numbers increase with economic growth
Which out of the BRICs nations have the most mature economy?
Brazil, as their middle class is growing and the number of people in poverty has reduced
What type of inequlity is prevelant in Brazil?
There’s a large income inequality between the emerging middle class and those that remain in poverty
Is Brazil’s economy stable?
No, it is unstable with high rates of inflation
What can India’s infrastructure not cope with?
It can’t cope with large scale manufacturing
What is unstable about India’s future development?
There’s possible future resorce shortages, poor transport and poor energy infrastructure
How is China being unsustainable?
They are still building coal plants despite planetary warming
How many coal plants is China building per week?
1
How much did China’s population reduce in 2023?
2 million
What is the combined population of the BRICs nations?
3 billion
What percentage of the world’s population live in BRICs nations?
40%
What percentage of the world’s GDP is held by the BRICs nations?
20% despite having 40% of the world’s population
The EU, USA, and Japan have 14% of the world’s population but__% of the world’s GDP
67%
