EQ1 Main ways BRICs and G20 influence the world Flashcards
How are BRICs influencing the world economically? argument for and against
-FOR: they are the only $1 trillion economy outside the OECD (37 countries gathered to develop sustainable economic growth)
-AGAINST: growth rates have slowed since 2013, because consumer spending is low due to ageing populations.
How are BRICs countries influencing the world politically?
FOR: china has become a ‘mega trader’, larger than britain.
Commodity prices have soared while manufacturing costs have shrunk.
How are BRICS countries influencing the world Militarily? Provide FOR and AGAINST
-FOR: Increased military expenditure with attacks into south china sea.
-AGAINST: Direct conflict with NATO would leave them outmatched
How are BRICS countries influencing the world culturally?
They’re not… cultural differences mean there is a lack of common understanding, which limits sharing of experiences.
How are BRICS countries influencing the world demographically? (population, ethnic mix or stuff) Provide FOR and AGAINST
FOR: Large populations, flourishing universities with many science + engineering graduates.
AGAINST: working age populations are starting to shrink, not all countries are creating enough jobs.
How are BRICs countries influencing the world environmentally?
There was a rise in ghg emissions in the past. 3 of top 4 polluters were BRIC countries.
-starting to lead the world in renewable energy production e.g. solar panel production in china
How are G20 countries influencing the world economically? Provide for and against
FOR: There is more money for the IMF, to help tackle global recession (economic decline around the world)
AGAINST: Minimal impact on financial markets because discussions about change take a long time
How are G20 countries influencing the world politically?
They don’t really, newer members of the G20 tend not to keep agreements and commitments as seriously.
How are G20 countries influencing the world militarily?
-They never really work together
-The G20 was divided over military action in syria. Russia and China were against USA
How are the G20 countries influencing the world culturally?
Indirectly supporting the spread of globalization
How are the G20 countries influencing the world demographically (population, ethnic spread)
-They’re not really and more focused on tackling youth unemployment through creating economic growth.
How are G20 countries influencing the world environmentally? Provide For and Against arguments
FOR: -They agreed on a post-recession ‘green stimulus’ package worth $1.1 trillion which commits to removing fossil fuel subsidies.
AGAINST:- Agreed on need to tackle climate change and global health issues e.g. Ebola but didn’t commit money or quantitative targets 🙄
What does the G20 involve?
-20 of the worlds largest economies that regularly meet to discuss global policy trade, health, climate and other issues.
