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As of 2013, the five BRICS countries represent almost 3 billion people with a combined nominal GDP of US$16.039 trillion and an estimated US$4 trillion in combined foreign reserves. Presently, South Africa holds the chair of the BRICS group, having hosted the group's fifth summit in 2013. The BRICS have received both praise and criticism from numerous quarters. Argentina will participate in the Fortaleza Summit to be held in July 2014 in response to an invitation by Russia. In that meeting, the BRICS countries will discuss the possible admission of Argentina as the sixth member country.[
Celso Luiz Nunes Amorim (born 3 June 1942) is a Brazilian diplomat who has been Minister of Defence since August 2011. Amorim was the Minister of Foreign Relations from 1993 to 1995 under President Itamar Franco and again from 2003 to 2011 under President Luiz Inácio Lula da Silva
He graduated from the Rio Branco Institute, an undergraduate school of international relations run by the Ministry of External Relations, in 1965, and obtained his post-graduate degree in International Relations from the Diplomatic Academy of Vienna in 1967.
Amorim was a Portuguese language professor at the Rio Branco Institute, as well as political science and international relations professor at the University of Brasília. He is a permanent member of the Foreign Affairs Department of the University of São Paulo Institute of Advanced Studies.
On 19 July 2008, Amorim stirred up controversy by comparing the descriptions used by wealthier countries to characterize the agricultural concessions they were offering during the Doha Round of WTO talks to the work of Nazi propagandist Joseph Goebbels. This brought a swift condemnation from the U.S. State Department.
originally posted by: olaru12
I do believe that the new emerging markets will eventually be a player in the global market...
However I was an early investor in BRIC and suffered quite a loss. I might try it again when BRIC and MINT stabilize; It looks like that day is rapidly approaching.
originally posted by: grey580
a reply to: TiM3LoRd
If the BRIC nations were so good an powerful they would of solved all the worlds problems already. Right?