PRESENTED BYANIT RAJUDEVENDRA DESHLAHETAL PATELKIRTIBALA SONINEHA SHARMA

G5,G7,G20 & BRICS

What is G5, G7, G20 & BRICS

G5:- Group of 5 (China, India, Mexico, Brazil & South Africa)

G7:-Group of 7 (United states, United kingdom, Japan, German, France, Italy, & Canada)

G8:- Group of 8 ( G7+ Russia) G20:-G5+G8+ (Argentina, Australia, Indonasia,

South koria, Saudi Arabia, Turkey, European Union)

BRICS:- Brazil, Russia, India, China & South Africa

The Group of 7 (G7) countries refers to the group of 7 highly industrialized nation France, Germany, Italy, United kingdom, Japan, United States & Canada.

The G7 is composed of the seven wealthiest developed countries on earth (by national net wealth or GDP)

This group of industrialize countries formed at the initiative of France in 1975, after issue of oil crises.

WHAT IS G7

HISTRY

1973 oil crisis and subsequent global recession. 1974 Japan is invited to the meeting. 1975 France president invited the head of government from

west Germany, Italy , Japan, The United Kingdom and United States to summit – Group of six (G6)

1976 Canada jointed the group of behest of U.S.- Group of seven (G7)

1997 Russia formally joint the group, resulting the Group of Eight (G8)

2014 Russia suspended from G8 & make again G7 (G7/8)

OBJECT:- To Discuss issue of economic growth,

monetary reform, inflation, unemployment, trade and oil price and supply.

Counter terrosim. Supporting reform in the broader Middle

East and North Africa. Develop framwork for regulation for the

above issue.

EXPANTION OF G8

China and India, up and coming economic powers are notable omission from the G8.

As Richard haas, President council an foreign research argues, “The G8 needs to become the G10, both China and India deserve a seat.

China’s inclusion of course, would clearly mean the end of G8 as a forum for leading.

G5INTRODUCTION

2005, G5 group made. Group of five, five nations which have joined

together for an active role in the rapidly evolving international order

G5 Seek to find common solution to global challenges.

Brazil China India Mexico South Africa

G8+5 INTRODUCT

Both France and the United Kingdom has expressed a desire to expand the group to included five developing countries, referred to as outreach five (O5).

The G8+5 group was formed in 2005 when United kingdom host as the 31st G8 summit and the leasing emerging countries to join the talks.

Brazil ( 7th country in the world by nominal GDP. People’s Republic of China (2nd country in world by GDP). And India (10th country in world GDP) Mexico and South Africa.

G20INTRODUCTION

Establish in 1999, in the wake of the 1997 Asia Financial crisis, to bring together major advanced and emerging economic to stability the global finance market.

With the onset of global financial crisis in2008, the G20 was seen the most effective forum to lead global efforts to stem the crisis and mitigate its effects.

G8+5+ Argentina, Australia, Indonesia, South Korea, Saudi Arabia, Turkey & European Uninon.

MEMBERS OF G20 1) Argentina 11)Japan 2) Australia 12)Mexico 3) Brazil 13) Russia 4) Canada 14)Saudi Arabia 5) China 15)South Africa 6) France 16) South Korea 7) Germany 17) Turkey 8) India 18) United Kingdom 9) Indonesia 19) United States10) Italy 20) European Union

OBJECTIVE• Support growth and development across globe • Strengthening of the international financial

architecture and providing opportunities for dialogue on national policies

• International co-operation, and international financial institutions

• Strengthen international cooperation.• Creation of the framework for a strong,

sustainable and balanced growth designed to enhance macroeconomic cooperation among the G20 members

BRICS BRICS is acronym for an association of major

emerging nation economies: Brazil, Russia, India & China &South Africa The BRICS member are all developing or newly

industrialized. All five are G-20 member. The Foreign minister of the initial for BRIC states

(Brazil, Russia, India & China) met in New York city in September 2006, beginning a series of high level meeting. A full scale diplomatic meeting was held in Russia, on 16 may 2008

Key Statistics

COUNTRIES

3 Billion people

Combined GDP of

US$18.486 trillions

Combine

d reserves of

US$ 4 trillion

Represents 18% of world econom

y

Accounts for just

over $13.5-trillion

of the world's

total output

IMPORTANCE OF BRICS Promote the technological information exchange Improve the professional development and education of

countries. Making these countries getting closer to others to obtain the

comparative advantages of these countries. To achieve regional development To remove trade barriers Economic development Optimum use of resources Building relationship

AIMS OF BRICS TRADE: Boost intra-BRICS trade in their local

currencies to increase trade cooperation and cope with the current international financial crisis.

EDUCATION: To improve professional development and education amongst the BRICS countries.

TECHNOLOGY: Promote the technological information exchange among the member states.

ECONOMY: To enhance inclusive economic growth that will lead to an increase in the creation of jobs, fight against poverty and accelerate the economic transformation of members.

PEACE AND SECURITY: Platform for the promotion of peace and security which is a shared desire for all member countries.

razil 10th fastest growing economies in the last centuries Extremely rich in resources such as coffee, sugarcane,

crude oil and iron etc. Focus on equitable development has resulted in significant

poverty reduction. Textiles, chemicals , iron ore , steel and motor vehicles

industries. 31% of people in middle income group. Brazil today is the most popular of the BRICs so

far as foreign direct investment is concerned

USSIA Russia has capability in high-technology

sectors Accounts for around 20% of the world’s oil

and gas reserves Fall in the number of people living below the

poverty line Consumer market of over 140 million people 68% of people comes under middle income

group Highly educated workforce Third largest exporter of steel and aluminium

NDIA

1.2 billion people 2nd largest labour force Holds second place followed by China in

BRICS Democratic country Broad knowledge economy.

HINA

18Th fastest growing economy Third largest country in land size Biggest of all BRIC nations GDP wise 13% of people comes under middle income

group Holds more than $3 trillion forex reserves. Largest exporter/ importer for 32 and 34

countries respectively. Cheap labour work force

outh Africa

The South African economy is now the 23rd largest in the world

Inflation is below 6.6% and falling. 25% of goods produced in South Africa are for export Richest in terms of its mineral reserves.

2014 BRICSMini- IMF in the makingBRICS Development bankCapital of $50 billion, withEach country contributing $10 billion China:- $41billion Brazil:- $18 billion India:- $18 billion Russia:- $18 billion South Africa :- $5 billion