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• A grouping acronym that refers to the countries of Brazil, Russia, India, and China: BRIC • All deemed to be at a similar stage of newly advanced economic development – Symbol of the shift in global economic power away from the developed G7 • France, Germany, Italy, Japan, United Kingdom, USA, & Canada • It is estimated that BRIC economies will overtake G7 economies by 2027 • They account for more than a quarter of the world's land area and more than 40% of the world's population The ten largest economies in the world in 2050, measured in GDP (billions USD), according to Goldman Sachs Categories Brazil Russia India China USA Area 5 1 7 3 4 Population 5 9 2 1 3 107 221 90 156 118 5 7 2 1 3 GDP Growth Rate 115 87 13 6 159 Human Development Index* 73 65 119 89 4 Exports 22 9 19 1 2 Imports 20 17 10 2 1 External Debt 25 22 27 18 1 Electricity Consumption 10 5 3 1 2 Mobile Phones 5 4 2 1 3 Internet Users 5 7 4 1 2 Population Growth Labor Force • World's 6th largest by Gross Domestic Product (GDP) and is expected to become 5th by the end of 2012 – Largest economy in Latin America – 2nd largest economy in the western hemisphere • From 1950 to 2005 the population of Brazil grew from 51 million to approximately 187 million inhabitants! – Need: food! – Response: green revolution! • Expanding development of cattle and crop raising • BUT at the expense of the RAINFORESTS of the Amazon • “Green Ox” – cattle raised on hay & mineral salts – Exported to Asia, Europe & the Americas after the “mad cow” scares – Largest cattle herd in the world, with more than 80 million heads • 80% of the planet's orange juice • Oil! – 2006-2007 Brazil became self sufficient in terms of their oil production – The world's 15th largest oil producer • Deforestation of the Amazonian rainforests is a result of the following: – Clearing for cattle pasture – Places for people to live and subsistence farming – Infrastructure improvements (roads, bridges, etc.) – Commercial agriculture – Logging • Tropical rainforests (6-7% of the earth's surface) contain over 1/2 of all the plant and animal species in the world • 57% of all rainforests remaining are located in Latin America, with 30% located in Brazil • Atlantic coast of Brazil has lost 90-95% of its rainforest • 2.4 acres per second: equivalent to two U.S. football fields • 149 acres per minute • 214,000 acres per day: an area larger than New York City • 78 million acres per year: an area larger than Poland • On average, 137 species become extinct everyday; or 50,000 each year! • Extinctions: plants, insects, animals, indigenous peoples, etc. • Habitat fragmentation: This disturbs the animals' habitat and may force them to enter habitats which are already occupied • Soil erosion and desertification • Climate change: more carbon dioxide is released into the atmosphere, thus increasing the effects of global warming • Loss of culture: People who live in the rainforest depend on the natural environment for food, shelter, materials for cooking, clothing, etc. – There were an estimated 10 million Indians living in the Amazonian Rainforest five centuries ago. Today there are less than 200,000 • Social conflicts and struggles over land and natural resources. • Conflicts over racial and ethnic rights.