6/10 BRICS

Explain what BRICS is.

BRICS is the acronym for an economic association of countries: Brazil, Russia, India, China, and South Africa.

The group was brought together by their common bond of fast economic growth.

Members are all new key players in the global economic structure.

They have all industrialized quickly and garner influence in their own regions as well as the world.

At the most recent BRICS summit, the members revealed their long term goal.

This is to create a world financial institution, somewhat like the IMF.

But the institution will not be dominated by western powers of the past.

Rather, the aim is to shift the scales and achieve a "new paradigm" in world economics.

acronym [^|ӕkrənɪm] 두문자어  

ex> AIDS is an acronym for Acquired Immune Deficiency Syndrome.

ex> I forgot what that acronym stands for.

bring together 합치다, 화합하다

common bond 공동 유대

ex> The soldiers in the war share a common bond.

economic structure 경제 구조

ex> The global economic structure has changed since China's surge in power.

industrialize [ɪn^|dʌstriəlaɪz] 산업화하다, 공업화하다

garner [^|gɑ:rnə(r)] 모으다, 얻다 = gather, acquire

ex> You won't be able to garner influence if you're unpopular.

ex> The politician can garner influence by keeping his promises.

summit 정상회담, 정상

financial institution 금융기관

somewhat like 어느 정도 같은

ex> This restaurant was somewhat like a Parisian cafe.

ex> My hat is somewhat like yours.

shift the scales 구조(척도)를 바꾸다

ex> The new boss wants to shift the scales and give more power to the workers.

@ We've reached a deal. 협상이 타결됐어.

1. The plane crash created a common bond between the survivors.

2. He'll probably try to garner influence with the older board members.

3. This is somewhat like my childhood home.

4. Our goal is to shift the scales of power.