Causes And Effects Of BRICS

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INTRODUCTION (background of the international scene, what was going on) After the two devastating world wars, Arab-Israel conflict, Cold war, disentegration of USSR, resulting into further atrocities on the East European bloc, the Arab Spring, further the hostilities amongst the Islamic States, the Oil crisis, multiplied by terrorism, resulting into presently seeeming impossible to uproot ISIS, the world and the demarcations that design it, is trying to expand, grow own boundaries to be able to govern the remaining ones according to their own style and rules. From non-polarity to bi-polarity and now to the receding unipolarity, the economies of the states are changing, rather competing, leading to the creation of a multi-polar world. A reflection of a new, multi polar world order, BRICS is the cause and effect to the graduational change and shift in economic and political power from the developed 'NORTH' to the developing 'SOUTH' “The…show more content…
5 emerging world economies comprising of Brazil,Russia,China,India and South Africa form the BRICS. “Originally the first four were grouped as “BRIC” (or “the BRICs”), before the induction of South Africa in 2010. the BRICS members are all leading developing or newly industrialized countries, but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs...”3 BRICS represents 5 countries, out of which 4 countries form the list of top 7 countires in size, with about 40% world population. It, though may not be a formal, legal organised body, it has scope for bringing about its goals and objectives in peaceful manner and also heads in the direction to strenghten each member country's international
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