LOS BRIC

LOS BRIC

1. It is a group of countries, made up of Russia, Brazil and India, this represents the most powerful countries within the emerging economies

2. Economic characteristics of the Bric

   • Within the emerging economies, it is worth emphasizing the outstanding role of the corporate markets in the BRIC, which contribute to the transformation of the global economy, based on three reasons: • Its high rises in consumption. •Its ​​extensive margin to reconcile interest rates. •The great wealth they acquired to accumulate due to their voluminous current account surpluses.
     • BRIC; Compared to world GDP growth, the BRIC upward trend has been higher during the beginning of the XXI st century.
       • Extensive space of territory and natural flows; That allows them to have better power to perfect tactics for the improvement of their economy.

3. Social characteristics of the bric

   • Russia inherited from the Soviet era a universal method of social security in the last 20 years, the country went through a transition stage and encountered several social, economic and demographic challenges that generated pressure on existing regimes putting universal coverage at risk, to face new challenges and growing inequalities, particularly between rural and urban areas, have been introduced, in essential areas of social security.
     • Brazil the mixture of rapid economic growth and progressive social security policies (contributory and financed by taxes) that has led in the last decade to the amplification of coverage and a depreciation of oppositions. Between 2004 and 2014, jobs in the formal sector increased from 37.6 million to 56.5 million.
       • India have resulted in notable changes in the functioning of social security, the tenacity of a large informal and rural economy and high levels of poverty overshadow the country's progress in social security coverage. Thanks to the innovative use of ICTs, new government programs for food security, health care for the poor, and cash transfers have been introduced, and coverage for health care and occupational accidents in industrial centers is gradually being extended.

4. Cultural characteristics of the bric

   • Chinese culture. -The first stage is characterized by the heyday in the economy, politics, science and culture of the Western world since the fifteenth century and the promptness of its dominance during the eighteenth century. -The second stage consists of the rise of the United States as the most powerful nation since the end of the 19th century, whose power in politics, economy, science and culture was unrivaled. -The third and current innovation is characterized by "the rise of the others", that is, of other poles or centers of power that, although they do not confront the US military domination, they do make clear their disagreement regarding its influence on the economic and political (Zakaria, 2011: 1-2).
     • "The collective voice of the BRICS in the international debate can make a very significant contribution, fundamentally for developing countries and in the course of defining global educational goals for the next 15 years," he stressed. (Xinhua, 2015)
       • Brazil is a market that offers great opportunities, the demand is its high tourist attraction as in other countries of this group but its long-term stability is prophesied, although cultural barriers, although existing, can easily be overcome the main obstacles of the Brazilian market. are the complex bureaucracy and the lack of infrastructure.

5. Economic, social and cultural characteristics of the BRIC group

   • BRIC It is the group of countries made up of Russia, Brazil, India and China, represents the most powerful countries within the emerging economies.