BASIC countries
   HOME

TheInfoList



OR:

The BASIC countries (also Basic countries or BASIC) are a bloc of four large
newly industrialized countries The category of newly industrialized country (NIC), newly industrialized economy (NIE) or middle income country is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent ...
Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
,
South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...
,
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
and China – formed by an agreement on 28 November 2009. The four committed to act jointly at the Copenhagen climate summit, including a possible united walk-out if their common minimum position was not met by the
developed nations A developed country (or industrialized country, high-income country, more economically developed country (MEDC), advanced country) is a sovereign state that has a high quality of life, developed economy and advanced technological infrastruct ...
. All are members of
BRICS BRICS is an acronym for five leading emerging economies: Brazil, Russia, India, China, and South Africa. The first four were initially grouped as "BRIC" (or "the BRICs") in 2001 by Goldman Sachs economist Jim O'Neill, who coined the ter ...
, which also includes Russia. This emerging geopolitical alliance, initiated and led by China, then brokered the final
Copenhagen Accord The Copenhagen Accord is a document which delegates at the 15th session of the Conference of Parties (COP 15) to the United Nations Framework Convention on Climate Change agreed to "take note of" at the final plenary on 18 December 2009. The Accor ...
with the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
. Subsequently, the grouping is working to define a common position on emission reductions and
climate aid Climate is the long-term weather pattern in an area, typically averaged over 30 years. More rigorously, it is the mean and variability of meteorological variables over a time spanning from months to millions of years. Some of the meteorologic ...
money, and to try to convince other countries to sign up to the
Copenhagen Accord The Copenhagen Accord is a document which delegates at the 15th session of the Conference of Parties (COP 15) to the United Nations Framework Convention on Climate Change agreed to "take note of" at the final plenary on 18 December 2009. The Accor ...
. However, in January 2010, the grouping described the Accord as merely a political agreement and not legally binding, as is argued by the US and Europe. The four countries also said that they will announce their plans to cut
greenhouse gas emissions Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and ...
by 31 January 2010 as agreed in Copenhagen. Furthermore, the grouping discussed the possibility of providing financial and technical aid to the poorer nations of the G77, and promised details after their
Cape Town Cape Town ( af, Kaapstad; , xh, iKapa) is one of South Africa's three capital cities, serving as the seat of the Parliament of South Africa. It is the legislative capital of the country, the oldest city in the country, and the second largest ...
meeting in April 2010. This move was apparently intended to share richer nations into increasing their funding for climate mitigation in poorer nations. At the April 2010 meeting in Cape Town, environment ministers from the four countries called for a legally binding global agreement on long-term cooperative action under the
UN Framework Convention on Climate Change The United Nations Framework Convention on Climate Change (UNFCCC) established an international environmental treaty to combat "dangerous human interference with the climate system", in part by stabilizing greenhouse gas concentrations in th ...
(UNFCCC) and its Kyoto Protocol, to be concluded at the next UN Climate Change Conference in Cancun, Mexico in November 2010, or at the latest in
South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...
by 2011, saying that slow legislative progress in the United States should not be allowed to dictate the pace of global agreement. The group's post-meeting statement also demanded that developed countries allow developing countries "equitable space for development" as well as providing them with finance, technology and capacity-building support, based on their "historical responsibility for climate change". Technical cooperation among the countries appears to be following, as in May 2010 South Africa, Brazil and India announced a joint program to develop satellites.The price of freedom
The Economist, 3 Jun 2010


See also

*
BRICS BRICS is an acronym for five leading emerging economies: Brazil, Russia, India, China, and South Africa. The first four were initially grouped as "BRIC" (or "the BRICs") in 2001 by Goldman Sachs economist Jim O'Neill, who coined the ter ...
*
Potential superpower A potential superpower is a state or a political and economic entity that is speculated to be—or to have the potential to soon become—a superpower. Currently, only the United States fulfills the criteria to be considered a superpower. How ...
*
Emerging markets An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or wer ...
* ABC nations *
Politics of global warming The politics of climate change results from different perspectives on how to respond to climate change. Global warming is driven largely by the emissions of greenhouse gases due to human economic activity, especially the burning of fossil fuel ...
* South-South cooperation *
Emerging and growth-leading economies Emerging and growth-leading economies (EAGLEs) are a grouping of key emerging markets developed by BBVA Research. The EAGLE economies are expected to lead global growth in the next 10 years, and to provide important opportunities for investor ...
*
List of country groupings Groups of countries or regions are often referred to by a single term (word, phrase, or abbreviation). The origins of such terms include political alliances, intergovernmental organizations, business market areas, and mere colloquialism. ...
*
List of multilateral free-trade agreements This is a list of multilateral free-trade agreements, between several countries all treated equally. For agreements between two countries, between a bloc and a country, or between two blocs, see list of bilateral free-trade agreements; these ar ...


References

{{DEFAULTSORT:Basic Foreign relations of India Foreign relations of China Foreign relations of Brazil Foreign relations of South Africa 2000s economic history Economic country classifications World Trade Organization Brazil–India relations China–India relations Politics of climate change