2. Delegation Members:  Barbie Bell Director-General Latin American Affairs China Brazil Bilateral Meeting Report  Brenda Caldwell Director-General Policy Planning Department Rise of BRICS, PowerPoint  Dolores Haugen Director-General Asian Affairs, Foreign Ministry China India Bilateral Meeting Report, Introduction  Ann-Kristine Thrift Director-General European-Central Asian Affairs China Russia Bilateral Meeting Report, China’s Contributions  Sarah Van Horn Director-General African Affairs China South Africa Bilateral Meeting Report Delegation Members:  Barbie Bell Director-General Latin American Affairs China Brazil Bilateral Meeting Report  Brenda Caldwell Director-General Policy Planning Department Rise of BRICS, PowerPoint  Dolores Haugen Director-General Asian Affairs, Foreign Ministry China India Bilateral Meeting Report, Introduction  Ann-Kristine Thrift Director-General European-Central Asian Affairs China Russia Bilateral Meeting Report, China’s Contributions  Sarah Van Horn Director-General African Affairs China South Africa Bilateral Meeting Report

3. Brazil, Russia, India, China and South Africa o BRICS Countries make up approximately 40% of the world population. o BRICS control 25.9% of the total geographic area of the world. o BRICS make up 25% of the global GDP. o BRICS currencies could appreciate by 300% by 2050. o BRICS holds 3.93 trillion in foreign reserves. o The rising middle class in these countries has increased their purchasing power. o The GDP Growth rates for BRIC Countries are much higher than in developed countries markets. o By 2050, three of the largest four economies will be from Asia. Brazil, Russia, India, China and South Africa o BRICS Countries make up approximately 40% of the world population. o BRICS control 25.9% of the total geographic area of the world. o BRICS make up 25% of the global GDP. o BRICS currencies could appreciate by 300% by 2050. o BRICS holds 3.93 trillion in foreign reserves. o The rising middle class in these countries has increased their purchasing power. o The GDP Growth rates for BRIC Countries are much higher than in developed countries markets. o By 2050, three of the largest four economies will be from Asia.

4. High growth rates Increased foreign direct investment Investment in infrastructure Growing middle class boosts demand Large supply of educated cheap workforce High potential for supply of outsource work Domestic/global mergers/acquisitions Abundant agricultural/mineral resources Rapid expansion of commodity markets Business confidence Increaed employment High growth rates Increased foreign direct investment Investment in infrastructure Growing middle class boosts demand Large supply of educated cheap workforce High potential for supply of outsource work Domestic/global mergers/acquisitions Abundant agricultural/mineral resources Rapid expansion of commodity markets Business confidence Increaed employment

5. Volatile markets Unstable economies Geographic locations where natural disasters happen Export driven economies Weak infrastructure Energy concerns Shortage of skilled workers in certain areas Inflation Access to finance Volatile markets Unstable economies Geographic locations where natural disasters happen Export driven economies Weak infrastructure Energy concerns Shortage of skilled workers in certain areas Inflation Access to finance

6.  Hierarchy plays a part in government and business affairs  Community can take precedence over the individual  Society may not embrace the Internet and Technology which makes paper documents and archival storage important  Hierarchy plays a part in government and business affairs  Community can take precedence over the individual  Society may not embrace the Internet and Technology which makes paper documents and archival storage important

7.  BRICS rose because of the change in world order.  Multipolarity brought O’Neill’s coining of the term BRIC and his prediction that they would become a powerful group.  The rise of the middle class helped the BRICS countries grow through increased incomes and increased spending.  BRICS countries grew in trade with each other and trade with the US.  More capitalists models for their economies have assisted these countries in stabilizing their economies, growing domestic companies and competing internationally.  BRICS rose because of the change in world order.  Multipolarity brought O’Neill’s coining of the term BRIC and his prediction that they would become a powerful group.  The rise of the middle class helped the BRICS countries grow through increased incomes and increased spending.  BRICS countries grew in trade with each other and trade with the US.  More capitalists models for their economies have assisted these countries in stabilizing their economies, growing domestic companies and competing internationally.

8. Key Advantages  Broad expansion of educational achievement  Rapid economic growth  Resilience to global economic problems  Large country  Well educated people  Cheap workforce  People have a tradition of saving money Key Advantages  Broad expansion of educational achievement  Rapid economic growth  Resilience to global economic problems  Large country  Well educated people  Cheap workforce  People have a tradition of saving money Challenges for the Future o For China to be recognized as a global power requires adherence to western norms o State run enterprise. o Demographic shifts. o Complex foreign relations with others in the world. o Export market problems o Urban unemployment rise o Fixed exchange rate o Government control Challenges for the Future o For China to be recognized as a global power requires adherence to western norms o State run enterprise. o Demographic shifts. o Complex foreign relations with others in the world. o Export market problems o Urban unemployment rise o Fixed exchange rate o Government control

9.  Reform of the international monetary system  Risks of cross-border capital flow to emerging markets  Macroeconomic policies for balanced growth in the global economy  Turmoil in the Middle East and Africa  Diplomacy in issues in Lybia  Commodity price fluctuations  Reform of the World Bank  Climate Change  Reform of the international monetary system  Risks of cross-border capital flow to emerging markets  Macroeconomic policies for balanced growth in the global economy  Turmoil in the Middle East and Africa  Diplomacy in issues in Lybia  Commodity price fluctuations  Reform of the World Bank  Climate Change

10.  The Global Economy  Political developments in the World  Trade Agreements  Agriculture  Health, Science and Technology  Security  Business and Industry  The Global Economy  Political developments in the World  Trade Agreements  Agriculture  Health, Science and Technology  Security  Business and Industry