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DEVELOPMENT OF
COUNTRIES BY
FORMING BLOCKS
Sanchari
Class VIII
AGENDA
What is economic development?
Various organisations of countries
BRICS
EU
ASEAN
Conclusion
ECOMONIC DEVELOPMENT
Economic development is the sustained, concerted actions
ECOMONIC DEVELOPMENT
Countries come together for sharing of resources, policies and
help each other and also give them a bargaining power in the
world as a block.
VARIOUS BLOCKS
BRICS
EU European Union
ASEAN - The Association of Southeast Asian Nations
CSME CARICOM Single Market and Economy
CEMAC Economic Community of Central African States
EFTA European Free Trade Association
CEFTA Central European Free Trade Agreement
NAFTA North American Free Trade Agreement
OECD Organisation For Economic Co-operation and
Development
BRICS
BRICS is the acronym for an association of five major
BRICS
The BRICS members are all developing
STATISTICS
BRICS SUMMITS
BRICS SUMMITS
First Summit:
The four BRIC countries met in Yekaterinburg for
their first official summit on 16 June 2009, with the
respective leaders of Brazil, Russia, India and China, all
attending.
The summit's focus was on means of improving
the global economic situation and reforming financial
institutions, and discussed how the four countries could
better co-operate in the future.
There
was
furthermore
discussion
on
ways
that developing countries, such as the BRIC members,
could become more involved in global affairs.
BRICS SUMMITS
Second Summit:
This summit follows the Washington Nuclear summit hosted by U.S.
President Barack Obama which was attended by all four BRIC states
in Brazil.
The 2010 Nuclear Security Summit was a summit held in Washington,
D.C., on April 12 and 13, 2010. The Summit focused on how to better
safeguard weapons-grade plutonium and uranium to prevent nuclear
terrorism.
Issues: Iran Development, Furtherance of BRIC and nuclear
weapons.
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.
BRICS SUMMITS
Third Summit:
The 2011 BRICS summit took place in Sanya on the island
of Hainan, China, on 14 April 2011.
The Chinese president chaired the Meeting 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.'
The BRICS summit conducted candid and in-depth discussions
and reached broad consensus on strengthening BRICS
cooperation as well as on promoting coordination on
international and regional issues of common interest.
Issues: Economics, International law, United Nations Security
Council reform, Trade medium, Libyan civil war.
to
agriculture,
EUROPEAN UNION
The European Union (EU) is a family of
integration"
HISTORY OF THE EU
The historical roots of the European Union
lie in the Second World War.
Idea of European integration conceived to prevent such
HISTORY OF THE EU
Phases of growth
Initially, the European Economic Community (EEC) consisted of just six
the Netherlands
(1958)
European Communities (EC) (1967)
Denmark, Ireland and the United Kingdom joined in 1973
Greece in 1981
Spain and Portugal in 1986
European Union (EU) (after 1992) (Maastricht Treaty)
Austria, Finland and Sweden in 1995
Largest enlargement took place with 10 new countries joining May 9, 2004
CREATION OF THE EU
GROWTH OF THE EU
GROWTH OF THE EU
Admission
of Romania
and
Bulgaria
2007
Croatia and
Macedonia
are new
candidates
Major
debates
about
Turkey
HOW EU WORKS
There are five EU institutions, each playing a specific role:
European Parliament (one of two legislative bodies in the EU; elected by the
laws)
Court of Auditors (manages the EU budget)
HOW EU WORKS
These are flanked by five other important
bodies:
European Economic and Social Committee (expresses the opinions of
authorities)
European Central Bank (responsible for monetary policy and managing
the euro)
European Ombudsman (deals with citizens' complaints about
investment projects)
THE EURO
The Treaty of Rome (1957)
Declared a common market as a European objective
Aim: increase economic prosperity and contribute to "an ever closer union
The Single European Act (1986) and the Treaty on European Union
(1992) built on this
Introduced Economic and Monetary Union (EMU)
coins
THE EUROZONE
IMPACT OF EUROZONE
- a strong currency
EURO CURRENCIES
SUMMARY OF EU
The European Union is the strongest
supranational organization in the world
shared currency & financial management
legislative, judicial, and executive bodies
regulatory and planning bodies
ASEAN
GOALS OF ASEAN
To accelerate the economic growth, social
integration is being pursued through the development of TransASEAN transportation network consisting of major inter-state highway
and railway networks, principal ports and sea lanes for maritime
traffic, inland waterway transport, and major civil aviation links
ASEAN TOURISM
To promote Southeast Asia as a single
tourism destination
ASEAN GOAL
Economic integration
External relation - ASEAN has made major strides in
Australia, Canada, China, India, Japan, European Union, New Zealand, Republic of Korea,
Russian Federation, United States of America
EXTERNAL RELATIONS:
Outward-looking ASEAN
ASIAN SUMMIT
CONCLUSION
Countries come together for their own economic benefit
THANK YOU