BRICS

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/brics

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the origin of the term?The term 'BRIC' was coined by economist Jim O'Neill in 2001
2. What is the new development bank headquarters?The New Development Bank is headquartered in Shanghai, China
3. What does BRICS stand for?BRICS stands for Brazil, Russia, India, China, and South Africa. These five countries work together to help each other grow and solve big problems.
4. Why did BRICS start?BRICS started in 2001 when an economist named Jim O'Neill said that Brazil, Russia, India, and China would become very powerful by 2050. It was a way to think about where money could grow.

Multilateral Policies: Strategies and actions agreed upon and implemented by multiple countries working together.
Global Financial System: The network of institutions, regulations, and markets that facilitate international financial transactions.
De-dollarization: A process aimed at reducing the global dominance of the U.S. dollar in international trade and finance.