The BRICS countries bank on technology to build a new future!

Technology will drive the future, and the BRICS countries are enthusiastically positioning themselves to become the leaders when tomorrow finally arrives!

This move is no surprise considering the unprecedented transformation China has achieved, lifting over 800 million people out of poverty in one single generation, thanks to careful planning and a measured application of science, technology, and innovation to national development.

Following China’s lead, other BRICS countries are relying on technological advancements to change their narratives

India and Brazil are already taking a cue, seeing that their respective population keep rising just as the number of jobs and opportunities keep shrinking at the same time.

Similarly, South Africa and Russia, being regional leaders in their respective geographical space,  are too strategic to fail considering that they are both crucial to the stability and progress of their respective continents.

Hence, the five-nation bloc has not only recognised the bountiful opportunities technology offers but is strategically working towards using various tech-driven tools as the foundation on which to build a new future for their teeming young population.

With a combined population projected to reach a mindboggling four billion in 2030, current governments in these countries have little or no room for failure as one slip in the policy creation and implementation stages could spell doom which could quickly engulf their respective countries and regions.

Once again, China’s careful planning and diligent implementation marvel spanning the last 50 years has proven that with a leadership that is conscientious in crafting policy for the next generation, anything is possible.

Related: Using Science, Technology, and Innovation (STI) to further cement ties among BRICS countries

The BRICS Business Forum – 2019 is the foundation of a new beginning!

The BRICS Business Forum – 2019 is the foundation of a new beginning!

The world is holding its breath, anxiously waiting to see the outcome of the 2019 edition of the BRICS Business Forum which:

“…aims to increase cooperation between countries in the areas of science, technology and innovation, [and] strengthen cooperation for the digital economy…”

The November 12-14 programme scheduled to hold in Brasilia, the beautiful capital city of Brazil, is expected to be a watershed moment when leaders in business and government from the five countries will, for the first time, make science, technology, and innovation the basis for every other forms of cooperation. 

Recognising how the digital economy is already shaping the moment, and the remarkable possibilities it holds for the future, this 3-day-long round of meetings and conferences may influence or even determine the kinds of policies and strategic implementation approaches the respective nations begin to put in place, going forward.

Perhaps most crucial of these series of meetings is the BRICS Future Skills Conference billed to hold at the CNI headquarters in Brasilia.

If the seriousness the BRICS Business Council applies when pursuing its objectives is anything to go by, economy watchers, scholars, and public policy analysts can rest assured that the outcome of this seminar will be far-reaching and reverberate far beyond the borders of the five countries.

Read also: Brazil is synonymous with opportunities, and African businesses should cash in!

Education + Technology + Policy = a brighter future!

Education + Technology + Policy = a brighter future!

Of great significance is the planned focus on mapping the skills gap across the BRICS nations.

Identifying such gaps is as much a planning necessity as it is an opportunity to redirect efforts to providing the necessary skills that will provide the much-needed jobs which will, in turn, drive tomorrow’s economy.

A good example that further accentuates this point is the astronomical growth South Africa’s Naspers has enjoyed over the last decade after it invested funds into China’s Tencent (the mother company of WeChat, QQ, and other innovative companies).

That single investment has seen the SA giant become the most profitable and largest business enterprise in the whole of Africa – and a significant player in the technology sector of Europe.

Another great example is the current efforts between Brazil and China to distribute TV shows and movies to the audience residing in the BRICS countries – which is a three billion people+ market, an unprecedented opportunity for any enterprise involved in the deal.

Relying on China’s very advanced technology sector and Brazil’s vibrant startup hub in São Paulo, the BRICS countries are set to take charge of their science, technology, and innovation requirements which will be the foundation of creating the jobs of the future.

Also very commendable is the  BRICS Business Council’s foresight to link present educational curricula to the effort of defining the future of work. 

In this wise, the future skills conference will be launching a brokerage platform for fostering cooperative projects between BRICS’ TVET institutions.

Have you read: BRICS: The political-economic nexus reshaping the world!

Conclusion – BRICS: Partnerships that work!

BRICS: Partnerships that work!

The BRICS Institute is proud to host a post-Summit conference in Sandton City, Johannesburg, in partnership with Brand South Africa, to keep the conversation alive.

Tagged Doing Business with Brazil, the one-day high-level executive conference will be attended by senior business executives, entrepreneurs, and senior government officials who want to do or are currently doing business with Brazil.

The audience will be addressed by a panel comprised of business leaders and diplomats.

Click here to register or find out more.

It is hoped that at the end of the meetings and conferences, the outcomes will form the basis of further cooperation between business enterprises and governments in the 5-nation bloc.

More importantly, though, the Institute hopes the congruence between policy, planning, implementation, and evaluation will focus on providing the right science and tech-related skills to the millions of young people who will be leaving high schools and tertiary institutions to join the workforce.

This future army of young people will be counting on political and business leaders to make the right decisions today; decisions that will create the right foundations that will ensure that their future is as enriching as it is rewarding.

The future starts now!


Find out more and register for the BRICS Executive Leadership Development (BELD) programme coming up in February/March 2020 here

One Thought to “The BRICS countries bank on technology to build a new future!”

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