C/W Qu: Who are the future superpowers? Aim: To evaluate the relative importance of emerging economies to the global economy, political systems and environmental governance. 27/6/17 Starter: 1. Name the BRICS countries below 2. Any idea what countries make up the other acronyms? 3. What do all these groupings have in common? MINT CIVETS The Next 11 Maghreb African Lions
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C/W Qu: Who are the future superpowers? Aim: To evaluate the relative importance of emerging economies to the global economy, political systems and environmental governance.
27/6/17
Starter: 1. Name the BRICS countries below 2. Any idea what countries make up the other acronyms? 3. What do all these groupings have in common?
MINT
CIVETS
The Next 11Maghreb
African Lions
Highlight and number your copy as we go
ContextIn recent years, a number of emerging countries such as the BRIC nations (Brazil, Russia, India, China) have grown significantly in power and influence. Each country has its own strengths and weaknesses, which change over time. These countries are increasingly influential in global economic and political systems, as well as environmental governance. Jim O'Neill coined the acronym BRIC in 2001 to identify four large and fastgrowing economies that were likely to have an increasing global influence in the future. The rise of the BRIC nations marks a shift towards a potentially multipolar world in future. This could have both positive and negative impacts on the rest of the world in terms of political stability, economic growth and environmental governance.
There are a number of other key country groupings such as the MINT nations (Mexico, Indonesia, Nigeria and Turkey), said to be the next economic giants. The MINTs also form part of the ‘Next Eleven’ (along with Iran, Egypt, Bangladesh, Pakistan, Philippines, Vietnam and South Korea), a group of eleven countries identified by Goldman Sachs as having the potential to be the largest economies of the twentyfirst century. Many other groupings such as the Maghreb countries, the African Lions and the CIVETS could all be explored. It is important to stay up to date as power patterns evolve.
You need to be able to outline the strengths and weaknesses (economic, political, military, cultural, demographic and environmental) of each country and evaluate their likely future role in the global economy, political systems and environmental governance.
ContextIn recent years, a number of emerging countries such as the BRIC nations (Brazil, Russia, India, China) have grown significantly in power and influence. Each country has its own strengths and weaknesses, which change over time. These countries are increasingly influential in global economic and political systems, as well as environmental governance. Jim O'Neill coined the acronym BRIC in 2001 to identify four large and fastgrowing economies that were likely to have an increasing global influence in the future. The rise of the BRIC nations marks a shift towards a potentially multipolar world in future. This could have both positive and negative impacts on the rest of the world in terms of political stability, economic growth and environmental governance.
There are a number of other key country groupings such as the MINT nations (Mexico, Indonesia, Nigeria and Turkey), said to be the next economic giants. The MINTs also form part of the ‘Next Eleven’ (along with Iran, Egypt, Bangladesh, Pakistan, Philippines, Vietnam and South Korea), a group of eleven countries identified by Goldman Sachs as having the potential to be the largest economies of the twentyfirst century. Many other groupings such as the Maghreb countries, the African Lions and the CIVETS could all be explored. It is important to stay up to date as power patterns evolve.
You need to be able to outline the strengths and weaknesses (economic, political, military, cultural, demographic and environmental) of each country and evaluate their likely future role in the global economy, political systems and environmental governance.
ContextIn recent years, a number of emerging countries such as the BRIC nations (Brazil, Russia, India, China) have grown significantly in power and influence. Each country has its own strengths and weaknesses, which change over time. These countries are increasingly influential in global economic and political systems, as well as environmental governance. Jim O'Neill coined the acronym BRIC in 2001 to identify four large and fastgrowing economies that were likely to have an increasing global influence in the future. The rise of the BRIC nations marks a shift towards a potentially multipolar world in future. This could have both positive and negative impacts on the rest of the world in terms of political stability, economic growth and environmental governance.
There are a number of other key country groupings such as the MINT nations (Mexico, Indonesia, Nigeria and Turkey), said to be the next economic giants. The MINTs also form part of the ‘Next Eleven’ (along with Iran, Egypt, Bangladesh, Pakistan, Philippines, Vietnam and South Korea), a group of eleven countries identified by Goldman Sachs as having the potential to be the largest economies of the twentyfirst century. Many other groupings such as the Maghreb countries, the African Lions and the CIVETS could all be explored. It is important to stay up to date as power patterns evolve.
You need to be able to outline the strengths and weaknesses (economic, political, military, cultural, demographic and environmental) of each country and evaluate their likely future role in the global economy, political systems and environmental governance.
ContextIn recent years, a number of emerging countries such as the BRIC nations (Brazil, Russia, India, China) have grown significantly in power and influence. Each country has its own strengths and weaknesses, which change over time. These countries are increasingly influential in global economic and political systems, as well as environmental governance. Jim O'Neill coined the acronym BRIC in 2001 to identify four large and fastgrowing economies that were likely to have an increasing global influence in the future. The rise of the BRIC nations marks a shift towards a potentially multipolar world in future. This could have both positive and negative impacts on the rest of the world in terms of political stability, economic growth and environmental governance.
There are a number of other key country groupings such as the MINT nations (Mexico, Indonesia, Nigeria and Turkey), said to be the next economic giants. The MINTs also form part of the ‘Next Eleven’ (along with Iran, Egypt, Bangladesh, Pakistan, Philippines, Vietnam and South Korea), a group of eleven countries identified by Goldman Sachs as having the potential to be the largest economies of the twentyfirst century. Many other groupings such as the Maghreb countries, the African Lions and the CIVETS could all be explored. It is important to stay up to date as power patterns evolve.
You need to be able to outline the strengths and weaknesses (economic, political, military, cultural, demographic and environmental) of each country and evaluate their likely future role in the global economy, political systems and environmental governance.
https://www.youtube.com/watch?v=20smBqK57zc
In economics, BRIC (typically rendered as "the BRICs" or "the BRIC countries") is a grouping acronym that refers to the economies of Brazil, Russia, India, and China. Together they could eclipse the combined economies of the current richest countries of the world. South Africa was added to make it BRICS last year.
The BRICS have gone from an acronym to a grouping of nations attempting to reshape the global economic and political playing field. Historically they have been excluded from global talks and decision making and have not been able to access financial institutions such as the IMF.
Their response is to start setting up their own financial institutions. This is a sign of their growing geopolitical power and influence.
"This is a financial institution led by the Brics and developing countries, and the West has no say in it. It symbolises the rise of emerging countries in the 21st Century. The bank will help in constructing a fairer international political and economic order," it says.
Late in 2005, we introduced the concept of the Next Eleven ﴾N11﴿. Our purpose was toidentify those countries that could potentially have a BRIClike impact in rivalling the G7.Their main common ground.and the reason for their selection.was that they were the nextset of largepopulation countries beyond the BRICs. The result was a very diverse groupingthat includes Bangladesh, Egypt, Indonesia, Iran, Korea, Mexico, Nigeria, Pakistan,Philippines, Turkey and Vietnam.some economies that are wellknown to many investors﴾such as Korea and Mexico﴿ but also many that are not ﴾such as Nigeria, Vietnam, Pakistanand Bangladesh﴿.
Activities1. Hodder Pg 140 Why is the influence of the EU. Japan and USA set to wane?
2. What two characteristics are needed for emerging economies to become potential superpowers of the future? Hodder.
3. Despite its size, what are the EU's weaknesses that limit its superpower status?
4. Use pg 145/146 of Pearson to outline who the BRICS are and how they have gone from an acronym to an economic and political grouping attempting to exert more influence around the world.
5. Has their growth been a smooth process? Pearson.
6. Complete card sort activity on next slide (based on Hodder Pg 141) outlining the strengths and weaknesses of 7 emerging markets.
7. Who are the MINT nations? Pearson.
8. What type of geopolitical polarity do these groupings suggest we are moving towards? Pearson.
9. Why is the presence of these nations at global climate change conferences important? Pearson.
Extension
10. What can we learn about the BRICS by looking at Japan? Hodder pg 141.11. Activities 1&2 pg 147 Pearson based on table 3.3
Correct Answers
Hodder Pg 140142
Homework
Research Homework taskPick one BRIC or MINT emerging economy and create an up to date presentation outlining:
• That factors/characteristics that have led to their growth• Their strengths• Their Weaknesses
Present as a PPT, essay or Video.
To be uploaded to our website for others to use.
(economic, political, military, cultural, demographic and environmental)
An up to date picture on these economies is needed so...