dreaming with bric's, a path to 2050
DESCRIPTION
Brazil, Russia, India and China have the potential to form a powerful economic bloc. News and facts in 2011TRANSCRIPT
The path to 2050
DREAMING WITH BRIC’S
B R I C
BRIC’s is a grouping acronym
Each letter stands for a countryB R I C
Similar stage of advanced economic developmentAlso know as the ‘big four’
OverviewBRIC thesis
biggest and fastest growing emerging markets
BRIC billionairesBRIC’s turns into BRIC’SChina’s new kind of reactor
BRIC THESISChina and India will become world’s
dominant suppliersmanufactured goods and services
Brazil and Russia will become dominant suppliersraw materials
BRIC THESIS: biggest and fastest growing emerging markets
Are trying to form a powerful economic blocBRIC also used as a marketing term to refer
to these four emerging marketsUSA and EU annually growth : 3-4%BRIC nations expected growth : 9%
World BillionairesRising global prices and Asia’s economic boom
Led to a big increase in numbers of billionaires in BRC countries 2011
China doubled its number to 115 first time any country outside the US (413 billionaires) had more
than 100 billionaires
Russia billionaire growth attributed to a real boom Moscow has 79 billionaires,
easily outstripping NY, which has just 58
World BillionairesIndia’s number of billionaires did not increase much
BUT their average net growth is huge $4,5 billion for an Indian billionaire $2.5 billion for a Chinese billionaire
Brazil benefited from higher global prices, stricter rules and a stronger currency
Bottom lineThese economic can go up very sharply but can go
down very sharply as wellThese days BRIC produced half off the world’s 214
NEW billionaires
FROM BRIC to BRIC’SSouth Africa has been formally asked to
join the BRIC group of major emerging markets.
BRIC turns into BRIC’SInvited by China
Officially admitted as a BRIC nation on December 24, 2010
South Africa stands at a unique position to influence African economic growth and investment
BRIC turns into BRIC’SReasons to join BRIC
Africa’s combined current gross domestic product is similar to that of Brazil and Russia and above that of India
South Africa is a ‘’gateway’’ to Southern Africa and Africa in general
China is South Africa’s largest trading partner
India wants to increase commercial ties to Africa
Bric turns into BRIC’sDoubts:
South Africa’s population is 49 million compared with China’s 1.36 billion, India 1.2 billion, Brazil’s 191 million and Russia’s 142 million
South Africa has an economy of 286 billionLess than a quarter of that of RussiaSmallest of the BRIC nations
BRIC turns into BRIC’SBecoming a Big boy
President Nkoana-Mashabane’s speech: ‘’We may not be the same size, but we can open up opportunities for them and trough that, we can complete our economic integration on the continent”
China’s new kind of reactor A Radical Kind of Reactor
Engineers at Japan’s struggle to keep the nuclear power plant from melting down
Engineers at China are building a different type of reactorExperts say it offers a safer nuclear alternative
China’s new kind of reactor Technology ‘’pebble bed’’ will be used in 2 reactors
On an Island into the Yellow Sea
Rather than using conventional fuel assembliesLike the leaking radiation in Japan each packed with nearly 400 pounds of uranium
Chinese reactors will use thousands of billiard-ball-size fuel elements
Each has an own protective layer
China’s new kind of reactor The coating of these ball-elements are
meant to ensure the reaction would stop in an emergency So it wont lead to a meltdown
Reactors will be cooled by non-explosive helium gas instead of depending on a source of water
China’s new kind of reactor China is taking lead in actually building
next-generation technology
If the pebble-bed approach works China hopes it can adopt the technology on
broad scale
ConclusionBRIC’s nations have the potential and the
resources to form a powerful economic bloc with greater opportunity’s than any other nation
THANK U FOR YOUR ATTENTION!
Cedric De Munter 2BFV4