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BRICS Summits
BRICS is an international organization, intergovernmental organization comprising ten countriesBrazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. The idea of a BRICS-like group can be traced back to Russian foreign minister Yevgeny Primakov and to the two forums RIC (Russia, India, China) and IBSA Dialogue Forum, IBSA (India, Brazil, South Africa). BRIC (economics term), BRIC was originally a term coined by British economist Jim O'Neill, Baron O'Neill of Gatley, Jim O'Neill and later championed by his employer Goldman Sachs in 2001 to designate the group of emerging markets. The 1st BRIC summit, first summit in 2009 featured the founding countries of Brazil, Russia, India, and China, where they adopted the acronym BRIC and formed an informal diplomatic club where their governments could meet annually at formal summits and coordinate multilateral policies. In April 2010, South Africa attended the 2nd BRIC summit as a guest. ...
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Union Of International Associations
The Union of International Associations (UIA) is a non-profit organization, non-profit non-governmental organization, non-governmental research institute and documentation center based in Brussels, Belgium, and operating under United Nations mandate. It was founded in 1907 under the name Central Office of International Associations by Henri La Fontaine, the 1913 Nobel Peace Prize laureate, and Paul Otlet, a founding father of what is now called information science. The UIA is an independent research institute and a repository for current and historical information on the work of global civil society. It serves two main purposes: to document and promote public awareness of the work of Yearbook of International Organizations, international organizations (both International nongovernmental organization, INGOs and Intergovernmental organizations, IGOs), International Congress Calendar, international meetings, and Encyclopedia of World Problems and Human Potential, world problems. The ...
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Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea, Indonesia is the world's largest archipelagic state and the List of countries and dependencies by area, 14th-largest country by area, at . With over 280 million people, Indonesia is the world's List of countries and dependencies by population, fourth-most-populous country and the most populous Islam by country, Muslim-majority country. Java, the world's List of islands by population, most populous island, is home to more than half of the country's population. Indonesia operates as a Presidential system, presidential republic with an elected People's Consultative Assembly, legislature and consists of Provinces of Indonesia, 38 provinces, nine of which have Autonomous administrative divisi ...
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Anti-Western Sentiment
Anti-Western sentiment, also known as anti-Atlanticism or Westernophobia, refers to broad opposition, bias, or hostility towards the people, culture, or policies of the Western world. This sentiment is found worldwide. It often stems from anti-imperialism and criticism of past colonial actions by Western powers. For example, in Africa, figures like Patrice Lumumba and Mobutu Sese Seko blamed the West for imperialism in the Congo region. In Ethiopia, resentment over internal politics and conflict resolution during the Tigray War led to anti-Western sentiment. In the Middle East, Pan-Arabism and Islamism contribute to anti-Western attitudes. Jihadist groups like al-Qaeda and ISIS view Western countries as targets for terrorism due to perceived insults against Islam and military interventions in Muslim countries. Many Latin American countries harbor criticism due to historical American and European interventions. In Russia, anti-Western sentiment has been endorsed by many ...
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Southeast Asia
Southeast Asia is the geographical United Nations geoscheme for Asia#South-eastern Asia, southeastern region of Asia, consisting of the regions that are situated south of China, east of the Indian subcontinent, and northwest of the Mainland Australia, Australian mainland, which is part of Oceania. Southeast Asia is bordered to the north by East Asia, to the west by South Asia and the Bay of Bengal, to the east by Oceania and the Pacific Ocean, and to the south by Australia (continent), Australia and the Indian Ocean. Apart from the British Indian Ocean Territory and two out of Atolls of the Maldives, 26 atolls of the Maldives in South Asia, Maritime Southeast Asia is the only other subregion of Asia that lies partly within the Southern Hemisphere. Mainland Southeast Asia is entirely in the Northern Hemisphere. Timor-Leste and the southern portion of Indonesia are the parts of Southeast Asia that lie south of the equator. The region lies near the intersection of Plate tectonics, ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ...
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3rd BRICS Summit
The 2011 BRICS summit ( zh, c=金砖国家领导人第三次会晤) took place in Sanya on the island of Hainan, China, on 14 April 2011. This was the third BRICS summit since 2009 and the first to formally include South Africa after its accession to the group in December 2010. The meeting took place among the five heads of state/heads of government from the BRICS states following bilateral meetings in the prior days. Background Following a meeting in Brasília in 2010, to which South Africa was invited as a guest, the group invited South Africa to join as a full member in 2011 and the group formerly called BRIC officially became BRICS. Theme and Vision The Chinese president chaired the BRICS Leaders Meeting in southern China's resort city of Sanya, and gave a speech under the theme of "Broad Vision, Shared Prosperity." The theme was based under the vision as 'The 21st century should be marked by peace, harmony, cooperation and scientific development.' Discussions ;Economics ...
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2nd BRIC Summit
The 2010 BRIC summit took place in Brasília, Brazil on April 15, 2010. This was the second BRIC summit after Yekaterinburg in 2009. The meeting took place between the four heads of government from the BRIC states following bilateral meetings in the prior days. Overview The acronym BRIC (for Brazil, Russia, India, China) was first used in a Goldman Sachs thesis projecting the economic potential of Brazil, Russia, India and China. Previously, the 1st BRIC summit took place in Yekaterinburg, Russia in 2009 and discussed global issues. This year's summit follows the Washington Nuclear summit hosted by U.S. President Barack Obama which was attended by all four BRIC states. Between 2003 and 2007, BRIC countries carried 65% of the expansion of global GDP. In 2009, the combined PPP GDP of the BRIC countries was US$16.3 trillion, or 23.4% of global total. From 2003 to 2008, Brazil trade with the other BRIC countries increased by 382%, or US$10.7 billion to US$51.7 billion. Partic ...
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Acronym
An acronym is a type of abbreviation consisting of a phrase whose only pronounced elements are the initial letters or initial sounds of words inside that phrase. Acronyms are often spelled with the initial Letter (alphabet), letter of each word in all caps with no punctuation. For some, an initialism or alphabetism connotes this general meaning, and an ''acronym'' is a subset with a narrower definition; an acronym is pronounced as a word rather than as a sequence of letters. In this sense, ''NASA'' () is an acronym, but ''United States, USA'' () is not. The broader sense of ''acronym'', ignoring pronunciation, is its original meaning and in common use. . Dictionary and style-guide editors dispute whether the term ''acronym'' can be legitimately applied to abbreviations which are not pronounced as words, and they do not agree on acronym space (punctuation), spacing, letter case, casing, and punctuation. The phrase that the acronym stands for is called its . The of an acron ...
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Goldman Sachs
The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second-largest investment bank in the world by revenue and is ranked 55th on the ''Fortune'' 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd. It is considered a systemically important financial institution by the Financial Stability Board. Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management, and wealth management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and ...
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Jim O'Neill, Baron O'Neill Of Gatley
Terence James O'Neill, Baron O'Neill of Gatley (born 17 March 1957) is a British economist best known for coining BRIC (economics term), BRIC, the acronym that stands for Brazil, Russia, India, and China—the four once-rapidly developing countries that he predicted would challenge the global economic power of the developed G7 economies. He is also a former chairman of Goldman Sachs Asset Management and former Conservative Party (UK), Conservative government minister. O'Neill was Commercial Secretary to the Treasury in the Second Cameron Ministry from May 2015 to September 2016. He chaired the UK's Independent Review into Antimicrobial Resistance from 2014 to 2016. He was the chairman of the Council of Chatham House, the Royal Institute of International Affairs from 2018 to 2021. Education O'Neill grew up in Gatley and attended Burnage High School for Boys, a comprehensive school. He obtained a Bachelor of Arts (BA) degree in 1977 and a Master of Arts (MA) degree in economics fr ...
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BRIC (economics Term)
BRIC is an acronym describing the foreign investment strategies grouping of Brazil, Russia, India, and China. The term has been rendered as "the BRICs", "the BRIC countries", "the BRIC economies", and the "Big Four". It is a leading example of "acronym investing" where investments are targeted to a group of otherwise disparate markets which share a common feature. The term has been expanded by observers to include other countries such as South Africa (BRICS), Mexico (BRIMC), and South Korea (BRICK), among others. The term was first coined by British economist Jim O'Neill, Baron O'Neill of Gatley, Jim O'Neill and later championed by his employer Goldman Sachs in 2001. O'Neill identified the four countries as Emerging market, emerging markets and rising economic powers which were at a similar stage of newly advanced economic development. Goldman Sachs, of which O'Neill was the head of global economics research, would continue reporting and investing in their BRIC fund until 2015. ...
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IBSA Dialogue Forum
The IBSA Dialogue Forum ( India, Brazil, South Africa) is an international tripartite grouping for promoting international cooperation among these countries. It represents three important poles for galvanizing South–South cooperation and greater understanding between three important continents of the developing world namely, Africa, Asia, and South America. The forum provides the three countries with a platform to engage in discussions for cooperation in the field of agriculture, trade, culture, and defence among others. The IBSA Dialogue Forum plays an increasingly important role in the foreign policies of India, Brazil, and South Africa. It has become instrumental for promoting ever closer coordination on global issues between three large multicultural and multiracial democracies of Asia, South America and Africa, and contributed to enhancing trilateral India-Brazil-South Africa cooperation in sectoral areas. Origin After the co-operation between India (South Asia), Br ...
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