Causes And Effects Of BRICS

Though I remain wary about committing myself prematurely to a specific topic of research, I am also eager to elaborate, modify, and complicate my original assertions about the nature of the "problem" of East centered oligarchic movement. Indeed, many of the conclusions reached in the thesis, such as my claim that the conjoining areas and mutual collaborative effort between Asian giants and BRICS grouping, serve as starting points for future research and study.

The process of integration of economies around the world, known as globalisation, has catalysed the development of Brazil as a powerful emerging economy, through the expansion of trade and investment. Emerging countries are defined as those progressing toward becoming more advanced, through rapid growth and industrialisation. Consequently, Brazil’s rapid economic growth has secured its place in BRICS, an association of five major emerging economies, Brazil, Russia, India, China, and South Africa.

The BRICS as developing countries have more recently industrialized than developed ones, however they are considered to be emerging economically at a very fast rate along with having a growing impact and weight on the international scale. Nevertheless, those countries are highly vulnerable and affected by poverty and inequalities, jeopardizing their capacity to have some sort of control in global institutions (Miles Kahler, 2013, page 721). Some of the most important issues developing countries encounter, slowing down their growths are related to poverty along with inequality. This is the reason why certain worldwide institutions such as the World Bank set objectives, in an attempt to lift people out of poverty and decrease inequalities among

The multipolar system was less stable than the bipolar, and resulted in two world wars. The bipolar era meant more stable international politics due to the dominance of the USA and the Soviet Union. The transition to today’s unipolar power structure has brought major changes to world politics, with the USA emerging as the sole superpower. The total number of armed conflicts has decreased, despite the increase in number of terror attacks. However, it can be argued that the world could again become militarily multipolar, with China and Russia as possible challengers to U.S. hegemonic dominance. (Eirik B. Lundestad and Tor G.

Although the United States remains the world’s lone superpower, it is no longer a hyperpower that can bully potential contenders. The rest of the world is catching up. A change from unipolarity to multipolarity is one could facilitate a return nations struggling for power and prestige through war. While some might say a return to this system could destroy todays relative peace amongst great powers, they are incorrect. A return to multipolarity could show us that several emerging powers will emerge to join the United States as powers within the international system. It does not tell us how multipolarity will effect international governance. The question is whether emerging powers accept or resist the western order that will exist when they

BRIC nations are defined as becoming the largest economic bloc in the world by 2050. The foundation therefore among other aspects lies in the population of these countries. Brazil has a population of 186 million (in 2006) people. Further can be seen that the human development index (in 2003) can be found at 0.792, which is following Russia the highest index.

The topic of emerging economies has been hot over the past decade or so, most notably the emergence of the group of countries known as the BRICS nations (Brazil, Russia, India, China and South Africa). Growth rates in these economies far exceed that of more developed nations. In 2011-2013, BRICS economies posted average growth rates of 4.11% compared to 1.37% in developed economies (Lukov, 2010). By 2020 all BRICS should be in the top 10 largest economies in the world, and by 2050, they will be the most important economies, relegating America to the 6th largest economy in the world (The BRIC countries: Brazil, Russia, India and China, 2010). I have chosen to concentrate my study upon the Brazilian performance. I have chosen to do so as in

The increased importance of BRIC countries, new production opportunities and developing markets (BBC News, 2010).

In 2003, Goldman Sachs issued an investment report that coined the now-famous acronym, BRICs, to jointly refer to the economies and states of Brazil, Russia, India, and China.

organizations – the Inter-American Development Bank, G-20, International Monetary Fund, World Bank, and World Trade Organization (“US Relations”).

the traditional Western European powers, but does not threaten the values underpinning the liberal world political economy: Brazil is the quintessential ‘‘responsible stakeholder.’’3 Brazil pursues its aims of greater voice in global

The contemporary international system is one of multipolarity, leaning towards non-polarity. The conclusion of the Cold War saw the international system shift from one motivated by ideology to one motivated by strategy — an underlying feature of multipolarity. A multipolar system exhibits a ‘balance of power’ mechanism, in which many states ally to maintain power, without a single force dominating. The current international system exhibits all of the key characteristics of a multipolar system — multiple nation-states of influence, alliances which shift on the basis of power and stability, and international decisions made primarily for strategic terms. Facilitated by the advent of globalisation, non-state actors possess an unprecedented level of economic, military, and cultural influence. Their expanded influence in the international system has helped shift it from the bipolarity of the Cold War era. The advent of globalisation has also introduced a real-time effect into international relations which has permanently altered the interactions between state and non-state actors, and the influence they have on the world.

The countries of Brazil, Russia, India, and China, dubbed “BRIC” by Goldman Sachs’s Jim O’Neil, have been grouped together because they are in the same stage of economic development but can’t quite be considered developed countries. Recently, these countries have experienced explosive growth in Gross Domestic Product (GDP) and overall global trading power. Since 2008, when most of the world’s developed nations were in periods of slow growth, no growth, or even contraction, these developing countries were experiencing high growth, sometimes in the double digits percentages. These countries have done this by seeking out opportunities for cooperation in trade, investments, infrastructure development and other areas.

At around the same time, Jim O’Neill, the head of global economic research at Goldman Sachs, coined the acronym “BRICs” to refer to Brazil, Russia, India, and China, the emerging market

There are many significant change in the world economy occurred, marked by globalization each country has different speed of development under different political and cultural background. During this period, Such as the United States of America 's economic status from the rapid development to the decline, then move to the current stable trend. Brazil, Russia, India, China, which named ‘BRCIS’ those developing countries’ economic performances are very catch the attention in recent years. The decline and rise of these countries ' commercial economy are closely related to their political culture. Therefore, it attracted the attention of scholars and research circles.