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BRICS is an intergovernmental organization consisting of ten countries – Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. The term 'BRIC' was originally identified to highlight investment opportunities. [1]
Employment created from established companies is not significant, making up only 0.1–0.3% of total employment in the country, just several thousand jobs. The weight of debt repayment for BRI projects will not be felt until the 2020s, because of the grace periods on most loans ranging from 5 to 11 years.
On the other hand, there is the job and skill mismatch. Even with the high unemployment rate, there are jobs that are not filled because there are no applicants who have the right qualifications. [21] From this job mismatch problem also arises the educated unemployed. In 2010, the unemployment rate among the college educated is about 11%.
JOHANNESBURG (Reuters) -The BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - will hold its 15th heads of state and government summit in Johannesburg ...
Agreement to expand BRICS - currently Brazil, Russia, India, China and South Africa - could allow dozens of interested nations to seek admission as Beijing and Moscow push to forge it into a ...
The original member states of BRICS, an international organization of world economies, consisted of Brazil, Russia, India, and China. South Africa formally joined in 2010 and attended the 3rd BRICS summit.
The 2024 BRICS summit was the sixteenth annual BRICS summit, held in Kazan, Russia. It was the first BRICS summit to include Egypt , Ethiopia , Iran , and the United Arab Emirates as members, following their accession to the organization at the 15th BRICS summit .
BASIC countries (red) and other G20 developing nations (green). The BASIC countries (also Basic countries or BASIC) are a bloc of four large newly industrialized countries – Brazil, South Africa, India and China – formed by an agreement on 28 November 2009.
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