WHAT IMPACT DID THE 2018 BRICS SUMMIT HAVE ON SOUTH AFRICA? Study Sources 3A, 3B, 3C and 3D and answer the questions that follow - NSC History - Question 3 - 2019 - Paper 2

According to the source, the 10th BRICS Summit was held in Sandton Convention Centre, Johannesburg.

According to Sooklal, the three key challenges faced by emerging countries were:

1. Developmental challenges.
2. Growing their economies.
3. Addressing poverty.

Members of BRICS intended to address challenges by:

1. Promoting inclusive economic growth, which ensures that the benefits of economic activities reach more individuals.
2. Enhancing trade between emerging economies to bolster mutual support and cooperation.

The photograph conveys messages of unity and cooperation among BRICS leaders, showcasing their commitment to solidarity in addressing common challenges.

The leaders holding each other's hands symbolizes their commitment to collaboration and joint efforts. It also reflects solidarity and mutual respect among member nations.

Both Sources 3A and 3B indicate that the 10th BRICS Summit had significant participation, emphasizing cooperation and dialogue among member states. Source 3A mentions specific member states involved, while Source 3B visually represents the leadership and camaraderie among those involved.

According to the source, poor South Africans benefited from the agreement that was signed at the 10th BRICS Summit.

The investment deals aimed to stimulate economic growth in South Africa, alleviate poverty, and strengthen relationships between BRICS member states, fostering a more integrated economic environment.

BRICS member states referred to South Africa as an 'underdog' due to its smaller economic size and limited resources compared to other BRICS nations, highlighting the disparities among member countries.

The source has limitations as it gives a potentially biased perspective focused on South Africa's financial contributions and lacks comprehensive data about the actual agreements and benefits achieved.

The source indicates that South Africa faced challenges such as economic dependency and the effects of other BRICS countries impacting its economic decision-making.

Capitalism is an economic system characterized by private ownership of production and where individuals or businesses operate for profit, often leading to competition in the market.

One reason mentioned in the source is structural obstacles, such as tariffs on South African products that hindered market access.

BRICS member states affected South Africa's manufacturing sector negatively by introducing cheaper goods that competed with local prices, ultimately leading to decreased local production and increased unemployment.

The 2018 BRICS Summit significantly impacted South Africa by enhancing its diplomatic stature among emerging economies. It fostered investment deals aimed at boosting South Africa's struggling economy, creating jobs, and alleviating poverty. However, challenges such as structural barriers and competition from other BRICS nations posed risks. The summit underscored South Africa's role as a bridge between developed and developing countries, highlighting the need for cooperative strategies to maximize economic benefits in a challenging global landscape.