BRIC Group

BRIC Group

1. What is the BRIC Group?

   • The acronym BRIC refers to the group of countries formed by Brazil, Russia, India and China. It is the group of countries considered to be the most advanced among the emerging economies.

2. Objective

   • To strengthen the multilateral agreement systems among these countries and with third parties. BRIC focuses on generating opportunities and solutions in the economic-financial and political spheres.

3. Brazil

   • The Federal Republic of Brazil is the largest country in South America and the fifth largest country in the world after Russia, China, Canada and the United States. Brazil is the most populated country in Latin America. It was conquered by Portugal and, after its independence, retained Portuguese as the official language. Its territory offers important natural resources, such as fertile lands, mines and enormous bodies of water that are used to generate hydroelectric energy.
   • Despite being one of the world's leading economies, there are extreme social inequalities. Brazilian culture reflects diversity in music, such as African folklore in Portuguese, samba and bossa nova, which combines samba and jazz. The carnival is another characteristic of the Brazilian tradition, which has gained worldwide recognition due to the imposing display of the celebration and the quality of the show.
   • Brazil's economy is the largest in South America and one of the most important in the world. Despite its natural wealth, it is an underdeveloped country where inflation rates continue to rise, largely due to government policies implemented since the 20th century. Tourism is also one of the country's main industries and one that continues to grow.

4. Russia

   • Russia is the largest country in the world with a territory of more than 17 million square kilometers. It is located in Eastern Europe and Northern Asia, has borders with 16 states and its border line is the longest in the world at 60 thousand kilometers long. Russia, with a population of 145,558,000 people, is one of the most populated countries in the world.
   • Russia is a country with a culture more than a thousand years old. Most of the cities have preserved their ancient temples and monasteries, and new ones are being built and opened.
   • Russia's economy is a unique market that on the one hand is based on the export of resources and consumer goods and on the other hand, has a great experience in technological sectors such as aerospace, atomic energy, military and industrial complexes.

5. India

   • Officially called the Republic of India, India is a sovereign nation in South Asia. It is one of the largest and most populous countries in the world, home to the Indus Valley culture. India is a federal republic governed by a parliamentary democracy. India is the second most populous country in the world, behind China (1370 million) with 1240 million people. It is the most populous democracy on the planet, which has shown sustained urban growth over the last fifty years.
   • It is considered a developing nation, despite the enormous social and humanitarian hardships bequeathed by its complex political history. It is one of the ten countries that possess nuclear weapons, although it is not a signatory to the UN Nuclear Non-Proliferation Treaty.
   • India's economy is free market. It is considered the fifth largest economy in the world in terms of purchasing power. It is a diversified economy, in which a little more than half of the activity is centered on agricultural work.
   • India's culture is one of the most diverse and richest in the world. It is the cradle of four major religions: Hinduism, Buddhism, Jainism and Sikhism. There are also foreign religions such as Islam, Christianity, Zoroastrianism and Judaism. This territory is the scene of extremely complex processes of syncretism and hybridization. The result is pluralism and respect for traditions that today are not exclusive. However, it is a society traditionally defined by a relatively strict caste hierarchy.

6. China

   • Today's People's Republic of China, commonly known as China, is one of the largest, most populous and culturally richest countries on the planet. It is one of the six known cradles of civilization, along with Egypt, Mesopotamia, India, Mesoamerica and the South American Andean Region.China's current population is 1.3 billion, making it the most populous country in the world.China extends over an area of 9,596,960 km2, bordering fourteen different countries, making it the third largest nation on the planet after Russia and Canada.
   • Despite being a communist regime, China's economy is one of the most robust in the world today, which is why it has been considered an emerging superpower for decades. China is the world's largest exporter and importer of goods, as well as the first recognized industrial power. It is also the second largest power in terms of nominal Gross Domestic Product, and has the second largest military budget in the world, after the United States.
   • Chinese culture enjoys great historical importance, given its great works of infrastructure (bridges, temples, the Great Wall of China) and the invention of writing, gunpowder, silkworm breeding, the compass and numerous other implements, techniques and knowledge that still provide them with an aura of mystery, wisdom and transcendence for Western culture.

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