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BRICS
BRICS is an acronym for five leading emerging economies: Brazil, Russia, India, China, and South Africa. The first four were initially grouped as "BRIC" (or "the BRICs") in 2001 by Goldman Sachs economist Jim O'Neill, who coined the term to describe fast-growing economies that would collectively dominate the global economy by 2050; South Africa was added in 2010. The BRICS have a combined area of and an estimated total population of about 3.21 billion, or about 26.7% of the world's land surface and 41.5% of the global population. Brazil, Russia, India, and China are among the world's ten largest countries by population, area, and GDP, and are widely considered to be current or emerging superpowers. All five states are members of the G20, with a combined nominal GDP of US$26.6 trillion (about 26.2% of the gross world product), a total GDP (PPP) of around US$51.99 trillion (32.1% of global GDP PPP), and an estimated US$4.46 trillion in combined foreign reserves (as of 2 ...
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New Development Bank
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa). According to the Agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments." Moreover, the NDB "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank." The initial authorized capital of the bank is $100 billion divided into 1 million shares having a par value of $100,000 each. The initial subscribed capital of the NDB is $50 billion divided into paid-in shares ($10 billion) and callable shares ($40 billion). The initial subscribed capital of the bank was equally distributed among the founding members (Brazil, Russia, India, People’s Republic of China, South Africa). The Agreement on ...
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BRIC
BRIC is a grouping acronym referring to the developing countries of Brazil, Russia, India, and China, which are identified as rising economic powers. It is typically rendered as "the BRIC," "the BRIC countries," "the BRIC economies," or alternatively as the "Big Four." The name has since been changed to BRICS after the addition of South Africa in 2010. The term was coined by economist Jim O'Neill in 2001 as an acronym for the four countries he identified as being at a similar stage of newly advanced economic development. In 2009, the leaders of the four countries held their first summit and in 2010 BRIC became a formal institution.Halpin, Tony"Brazil, Russia, India and China form bloc to challenge US dominance", ''The Times'', 17 June 2009. South Africa began efforts to join the BRIC grouping and received an invitation on December 24, 2010. O'Neill commented to the 2010 summit that South Africa, at a population of under 50 million people, was just too small as an economy to ...
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14th BRICS Summit
The 2022 BRICS summit is the fourteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. It was the third time that China hosted the BRICS Summit after 2011 and 2017. The summit was hosted virtually by video conference. BRICS extension In addition to other countries that have expressed interest in joining the BRICS, and countries like Argentina and Iran that have applied for membership previously, Saudi Arabia, Turkey and Egypt expressed interest in joining during the summit Participating leaders File:Pronunciamento do Presidente da República, Jair Bolsonaro (cropped).jpg, Jair Bolsonaro, President File:Vladimir Putin (2017-07-08).jpg, Vladimir Putin, President File:PM Modi Portrait(cropped).jpg, Narendra Modi, Prime Minister File:Xi Jinping 2019.jpg, Xi Jinping, President (Host) File:2019 Reunião Informal do BRICS - 48142657142 (croppe ...
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13th BRICS Summit
The 2021 BRICS summit is the thirteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. It was the third time that India hosted the BRICS Summit after 2012 and 2016. The summit was hosted virtually by video conference. Meetings India hosted the first meeting of BRICS finance and central bank deputies through video conference. The meeting was co-chaired by Michael Patra, Deputy Governor, Reserve Bank of India and Tarun Bajaj, Secretary Department of Revenue, Ministry of Finance, India. Participating leaders File:Pronunciamento do Presidente da República, Jair Bolsonaro (cropped).jpg, Jair Bolsonaro, President File:Vladimir Putin (2017-07-08).jpg, Vladimir Putin, President File:PM Modi Portrait(cropped).jpg, Narendra Modi, Prime Minister (Host) File:Xi Jinping 2019.jpg, Xi Jinping, President File:2019 Reunião Informal do BRICS - 48142657142 ...
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Narendra Modi
Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament from Varanasi. He is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a right-wing Hindu nationalist paramilitary volunteer organisation. He is the longest serving prime minister from outside the Indian National Congress. Modi was born and raised in Vadnagar in northeastern Gujarat, where he completed his secondary education. He was introduced to the RSS at age eight. He has reminisced about helping out after school at his father's tea stall at the Vadnagar railway station. At age 18, Modi was married to Jashodaben Chimanlal Modi, whom he abandoned soon after. He first publicly acknowledged her as his wife more than four decades later when required to do so by Indian law, but has made no contact wi ...
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Cyril Ramaphosa
Matamela Cyril Ramaphosa (born 17 November 1952) is a South African businessman and politician who is currently serving as the fifth democratically elected president of South Africa. Formerly an anti-apartheid activist, trade union leader, and businessman, Ramaphosa is also the president of the African National Congress (ANC). Ramaphosa rose to national prominence as secretary general of South Africa's biggest and most powerful trade union, the National Union of Mineworkers. In 1991, he was elected ANC secretary general under ANC president Nelson Mandela and became the ANC's chief negotiator during the negotiations that ended apartheid. He was elected chairperson of the Constitutional Assembly after the country's first fully democratic elections in 1994 and some observers believed that he was Mandela's preferred successor. However, Ramaphosa resigned from politics in 1996 and became well known as a businessman, including as an owner of McDonald's South Africa, chair of t ...
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Vladimir Putin
Vladimir Vladimirovich Putin; (born 7 October 1952) is a Russian politician and former intelligence officer who holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime minister from 1999 to 2000 and from 2008 to 2012, and as president from 2000 to 2008 and since 2012. Putin worked as a KGB foreign intelligence officer for 16 years, rising to the rank of lieutenant colonel before resigning in 1991 to begin a political career in Saint Petersburg. He moved to Moscow in 1996 to join the administration of president Boris Yeltsin. He briefly served as director of the Federal Security Service (FSB) and secretary of the Security Council of Russia, before being appointed as prime minister in August 1999. After the resignation of Yeltsin, Putin became Acting President of Russia and, less than four months later, was elected outright to his first term as president. He was reelected in 2004. As he was constitutio ...
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1st BRIC Summit
The inaugural BRIC summit took place in Yekaterinburg, Russia on June 16, 2009. The four heads of government from the BRIC countries attended. Overview The acronym BRIC (for Brazil, Russia, India, China) was first used in a Goldman Sachs thesis projecting that the economic potential of Brazil, Russia, India and China is such that they may become among the five most dominant economies by the year 2050. Today, the four countries produce about 15 percent of the world’s gross domestic product and hold about 40 percent of the gold and hard currency reserves. Political dialogue between the BRIC countries began in New York in September 2006, with a meeting of the BRIC foreign ministers. Four high-level meetings have followed, including a full-scale meeting in Yekaterinburg, Russia, on May 16, 2008. Participants The heads of state and heads of government of the four countries participated. Gallery of participating leaders File:Lula - foto oficial - 05 jan 2007.jpg, Brazil Lu ...
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Xi Jinping
Xi Jinping ( ; ; ; born 15 June 1953) is a Chinese politician who has served as the general secretary of the Chinese Communist Party (CCP) and chairman of the Central Military Commission (CMC), and thus as the paramount leader of China, since 2012. Xi has also served as the president of the People's Republic of China (PRC) since 2013. The son of Chinese Communist veteran Xi Zhongxun, Xi was exiled to rural Yanchuan County as a teenager following his father's purge during the Cultural Revolution. He lived in a yaodong in the village of Liangjiahe, Shaanxi province, where he joined the CCP after several failed attempts and worked as the local party secretary. After studying chemical engineering at Tsinghua University as a worker-peasant-soldier student, Xi rose through the ranks politically in China's coastal provinces. Xi was governor of Fujian from 1999 to 2002, before becoming governor and party secretary of neighboring Zhejiang from 2002 to 2007. Following dismis ...
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Dmitry Medvedev
Dmitry Anatolyevich Medvedev ( rus, links=no, Дмитрий Анатольевич Медведев, p=ˈdmʲitrʲɪj ɐnɐˈtolʲjɪvʲɪtɕ mʲɪdˈvʲedʲɪf; born 14 September 1965) is a Russian politician who has been serving as the deputy chairman of the Security Council of Russia since 2020. Medvedev also served as the president of Russia between 2008 and 2012 and prime minister of Russia between 2012 and 2020. Medvedev was elected president in the 2008 election. He was regarded as more liberal than his predecessor, Vladimir Putin, who was also appointed prime minister during Medvedev's presidency. Medvedev's top agenda as president was a wide-ranging modernisation programme, aiming at modernising Russia's economy and society, and lessening the country's reliance on oil and gas. During Medvedev's tenure, the New START nuclear arms reduction treaty was signed by Russia and the United States, Russia emerged victorious in the Russo-Georgian War, and recovered from th ...
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Jair Bolsonaro
Jair Messias Bolsonaro (; born 21 March 1955) is a Brazilian politician and retired military officer who has been the 38th president of Brazil since 1 January 2019. He was elected in 2018 as a member of the Social Liberal Party, which he turned into a conservative party, before cutting ties with it. In 2021, he joined the Liberal Party. From 1991 to 2018, Bolsonaro served in Brazil's Chamber of Deputies, representing the state of Rio de Janeiro. Bolsonaro was born in Glicério, in the state of São Paulo. He graduated from the Agulhas Negras Military Academy in 1977 and served in the Brazilian Army's field artillery and parachutist units. He became known to the public in 1986, when he wrote an article for ''Veja'' magazine criticizing low wages for military officers, after which he was arrested and detained for 15 days. A year later, the same magazine accused him of planning to plant bombs in military units, which he denied. A lower court convicted him, but the Brazilia ...
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International Relations
International relations (IR), sometimes referred to as international studies and international affairs, is the scientific study of interactions between sovereign states. In a broader sense, it concerns all activities between states—such as war, diplomacy, trade, and foreign policy—as well as relations with and among other international actors, such as intergovernmental organisations (IGOs), international nongovernmental organisations (INGOs), international legal bodies, and multinational corporations (MNCs). There are several schools of thought within IR, of which the most prominent are realism, liberalism, and constructivism. International relations is widely classified as a major subdiscipline of political science, along with comparative politics and political theory. However, it often draws heavily from other fields, including anthropology, economics, geography, law, philosophy, sociology, and history. While international politics has been analyzed since antiq ...
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