Thinking in English

259. What is BRICS? (English Vocabulary Lesson)

Aug 28, 2023

This podcast discusses the expansion and purpose of BRICS, a group of 11 powerful economies. It explores their potential as an alternative to existing global organizations and the economic significance of Iran, Saudi Arabia, and UAE within the group. The podcast also delves into the challenges of managing differing priorities and coordinating policies, and highlights the availability of transcripts and vocabulary lists on the website for learners.

21:40

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Quick takeaways

BRICS is an informal club of emerging economies aiming to increase their international influence and challenge the Western-dominated global order.

The expansion of BRICS, with the inclusion of new members, presents opportunities but also brings challenges due to diverse interests and potential tensions among member countries.

Deep dives

The origin and purpose of BRICS

BRICS originated as a term coined by an economist at Goldman Sachs, describing the group of emerging economies Brazil, Russia, India, China, and later South Africa, that were projected to become major powers by 2050. However, BRICS is not a formal institution or organization. It started as an investment fund offered by Goldman Sachs and later developed into an informal club without a formal structure or headquarters. The main driving force behind BRICS is economics, with the group aiming to increase their international influence and challenge the existing Western-dominated global order. The BRICS group has annual conventions where members discuss and negotiate for better economic relationships.

Introduction

3min

The Rise and Ambitions of BRICS

11min

Iran, Saudi Arabia, and UAE in BRICS: Economic Significance and Motives for Expansion

2min

The Expansion of BRICS and its Potential Challenges

5min

Availability of Transcripts and Vocabulary Lists

1min

7 Day FREE CONVERSATION CLUB TRIAL - https://www.patreon.com/thinkinginenglish ⁠

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BRICS is expanding. The group now contains 11 large and powerful economies – Brazil, Russia, India, China, South Africa, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
However,… what exactly is BRICS? What is its purpose? And why is it expanding? Let’s discuss these questions today!

TRANSCRIPT - https://thinkinginenglish.blog/2023/08/28/259-what-is-brics-english-vocabulary-lesson/

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Vocabulary

Emerging Economies (phrase) - Developing nations experiencing rapid growth and industrialization.
Institution (n) - An established organization or system, typically with specific goals, rules, and functions.
Multilateral Organization (n) - An international institution involving multiple countries that collaborate and make decisions collectively.
Expansion (n) - The act of becoming larger, more extensive, or broader in scope.
Convention (n) - A formal meeting where individuals or groups gather to discuss and address specific issues or topics.
Global Order (n) - The system or arrangement of power, governance, and international relations among nations on a global scale.
Sanction (n) - Official measures or penalties imposed as a means of pressure or punishment for specific actions or policies.
Alliance (n) - A formal agreement or partnership between two or more parties, often nations, for mutual support or cooperation