BRICS Flashcards
Rise of BRICs and Asian NICs…
Shifts globalisation
Disrupts N-S relations, as N have dominated global power since colonialism
How much world trade do they account for?
17%
How much GDP do they account for?
20-25%
How much land area do they hold?
30%
How much of the world population do they account for?
43%
Brazil and Bolsa Familia
social initiative
families with children get money transfers to take their kids to school and for regular health check ups
reduced poverty and encourages children investment
Scramble for Africa?
diplomatic support
natural resources
geo-economic competition
China could be Africa’s largest trading partner, just after USA
China in Africa
natural resource source political influence altruism Tam-Zam railway ghost towns in Angola market for goods location for production
Indian trade with Africa = booming
increased by 400% in 5 years
Africa and geopolitics
policies promoted for development = impasse
completely different from BRICs