The BRICS Project provides comprehensive insight and strategic analysis of youth culture and consumer behavior for international brands
Members countries:
MISSION :
mission is to provide a long-term,multimedia and digitally empowered insight and understanding.
Project also seeks contribute to sustainable consumer behaviours through case-study and accentuating low impact consumption initiatives.
Members countries:
- BRAZIL
- RUSSIA
- INDIA
- CHINA
- SOUTH AFRICA
NOTE:
- Originally the first four were the grouped as "BRIC', before the controversial addition of South Africa.
- All members are leading developing or newly industrialised countries.
- All are G-20 members
- BRICS countries represent over 3 billion people, or 42% of the world population; all five are in top 25 of the world population.
- BRICS countries have significantly slowed down with South Africa only growing 1% in 2015 similar to the 1.6% a year from 1994 to 2009.
- Brazil in its worth recession since the 1930's by some measures like unemployment, infection rising, corruption increase Russia in a secession as oil price tailspin and sanctions weight, and china's slowdown in set to be a drag on global growth
- the five nations have combined nominal GDP of US$ 16.039 trillion, approx equal to 20% of the Gross world product, and US$ 4 billion in combined foreign reserves.
- Bilateral relations have conducted mainly on the basis of equality and mutual benefit.
Summits:
Year Host Countries
- 2009 Yekaterinburg(RUSSIA)
- 2010 Brasilia(BRAZIL)
- 2011 Sanya(CHINA)
- 2012 New Delhi(INDIA)
- 2013 Durban(South Africa)
- 2014 Fortaleza(BRAZIL)
- 2015 Ufa(RUSSIA)
- 2017 Goa(INDIA)
Financial Structure:
- NDB(New Developing Bank)
- CRA(Contingent Reserve Bank)
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