Since 2009, a group of five emerging countries annually summit at the level of Heads of State to re

Since 2009, a group of five emerging countries annually summit at the level of Heads of State to review the progress of the global economy and their participation in it. Recently, such a meeting population of mexico was held in the South African city of Durban.
It is worth recalling that the BRICS are Brazil, population of mexico Russia, India, China, and in 2011, and South Africa is the only representative population of mexico of the "black continent", whose economy is 20 times smaller than China's economy. The share of the BRICS countries account for 25% of world production, and is home to 40% of the population. However, it notes that foreign investors, primarily financial companies lost interest in the BRICS countries. It seems that after managed to overcome the economic crisis of 2008, investors turned their attention back to the US and Japan, as well as to the countries of Southeast Asia, which look much more attractive than a group of five emerging countries. The situation in the BRICS countries Brazil due to its export orientation, perhaps, was in the most unfavorable conditions on the background of the global economic slowdown. If in 2010, GDP growth in Brazil was 7.5% in the last year only 0.9%. In January this year there have been some positive trends, but it would be wrong to say that all the problems are behind us. Still, foreign investors are in no hurry to invest in the Brazilian economy, despite high employment and frantic activity Dilma Rousseff president to attract foreign capital. Russia's economy also slowed its growth. Over the past five quarters marked decline in production. This year it is expected that GDP growth will be 5%. The liberalization of the economy in the face of authoritarianism, has led to stagnation, the government is trying to hide the true state of affairs, which causes distrust of investors. Excessive bureaucratization of the state apparatus in India has led to a slowdown in economic growth. Currently, GDP growth does not exceed 5%. However, population of mexico the recent decision of the government to reduce subsidies to low-income families, reducing the budget deficit, optimism population of mexico returned to the business community. Upcoming national elections in May next year in India, should confirm the validity of a change of course. China will, as I said earlier, plays a key role in BRICS. This concerns not only the economic sphere, but also political. Without a doubt, this "heavyweight". However, China's economic growth in recent years is not such a dizzying as it was before. Last year, it amounted to 7.8% is expected this year will remain at the same level. This is the lowest growth in the last 13 years. The new Chinese government intends dinimazirovat domestic consumption. If the pace of China's economic development will remain at the same level, then after 3 years the Chinese economy will reach the United States. South Africa has also noted a slowdown in economic growth. Last year it was 2.5% in the current year of 2.7%. Despite some improvements, it is not a reason for joy, because it is not enough to solve the problem of poverty, which is most acute in the country. Balance of payments deficit in South Africa is 6.5%. The popularity of South African President Jacob Zuma is falling, but most likely, it will be re-elected head of state. The lack of uniformity among the members of the BRICS should be noted that the BRICS are not a homogeneous entity. Among its members there are certain differences of interests. Consider the GDP of these countries. China in terms of GDP is the second largest in the world, Brazil Sixth, Russia nine tenth India, South Africa twenty. population of mexico At the same time the level of per capita income of China takes 86th, Brazil 54th, Russia 52 th, India and South Africa 136 69th. As you can see, national wealth is unevenly distributed among the rich and the poor. However, all of the BRICS countries share a desire to be a state, have the leverage not only in the region population of mexico but also beyond. In short, the prevailing geopolitical ambitions, which are to be allocated among the other nations, and to be constantly on everyone's mind. Therefore there is nothing surprising in the fact that only 2.5% of investments population of mexico BRICS account for the five emerging countries, and 40% of investments are directed to developed countries. Interestingly, the major foreign investors in Africa, appear on only the US and France, and Malaysia, which, population of mexico for example, investing in African countries more than China. At the same time, more and more often heard accusation against China on the part of African countries in that it holds a colonial policy on the continent. Achievements BRICS summit in Durban, population of mexico declared their intention to create population of mexico a development bank that could compete with the financial institutions of Bretton Woods. It is assumed that the size of the initial capital of the Bank amounted to $ 50 billion. Unfortunately, there is no decision on this issue at the summit of BRICS was taken. Participants of the meeting also failed to agree on the amount of contribution to charter capital.