The Expansion of BRICS

The video discusses the BRICS group, a coalition of countries with rapidly growing economies expected to dominate the global economy by 2050. Initially a concept for investment, BRICS has evolved into a formal alliance, recently expanding its membership. Despite being a group, BRICS countries follow diverse economic paths, with China leading in growth. However, challenges such as China's economic slowdown and issues in Russia and South Africa persist. India emerges as a key player, showing potential to drive BRICS forward, though it has a history of fluctuating economic performance.

What is the projected share of global GDP for BRICS by 2040?

• 20%

• 50%

• 30%

• 40%

Which countries were recently invited to join BRICS?

• Germany, France, Italy, Spain, Portugal, Greece

• Brazil, Russia, India, China, South Africa

• Mexico, Canada, Australia, Japan, South Korea, UK

• Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, UAE

Which country is noted as the growth leader within BRICS over the last 20 years?

• China

• Russia

• India

• South Africa

What internal issue is China facing that might affect its economic leadership?

• Political instability

• Reassertion of control over the economy

• Lack of natural resources

• High inflation rates

How has India surprised economic analysts in recent years?

• By exceeding the pessimists' expectations

• By maintaining a steady growth rate

• By performing worse than expected

• By consistently disappointing both optimists and pessimists