BRIC Analysis
BRIC
The four BRIC countries which includes Brazil, Russia, India and China are distinguished from a host of other promising to emerge markets by their demographic and economic potential to rank among the world’s largest and most influential economies in the 21st century.Together, the four original BRIC countries which include more than 2.8 billion people or 40 percent of the world’s population, cover more than a quarter of the world’s land area over three continents, and account for more than 25 percent of global GDP.
1Brazil, Russia, India and China combined.which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.
2From 2000 to 2008, the BRIC countries’ combined share of total world economic output rose from 16 to 22 percent. Together, the BRIC countries accounted for 30 percent of the increase in global output during the period.
3The BRIC thesis believes that China and India will become the world's big suppliers of manufactured goods and services, while Brazil and Russia will also become big suppliers of raw materials.
BRIC Countries’ Path to 2050
A country’s population and demographics, among other factors are affect the potential size of its economy and its capacity to function as an engine of global economic growth and development. As early as 2003, Goldman Sachs forecasted that China and India would become the first and third largest economies by 2050, with Brazil and Russia capturing the fifth and sixth spots. The chart below shows a more recent forecast of the world ranking of the biggest economies in the year 2050.
4“The World Needs Better Economic BRICs.”
5China
6China has influenced the course of international development for thousands of years. With more than 1.35 billion people (even with the one child per family policy).
7China took roughly 20 percent of the total world population,after decades of rapid economic growth, China overtook Japan to become the world’s
The four BRIC countries which includes Brazil, Russia, India and China are distinguished from a host of other promising to emerge markets by their demographic and economic potential to rank among the world’s largest and most influential economies in the 21st century.Together, the four original BRIC countries which include more than 2.8 billion people or 40 percent of the world’s population, cover more than a quarter of the world’s land area over three continents, and account for more than 25 percent of global GDP.
1Brazil, Russia, India and China combined.which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.
2From 2000 to 2008, the BRIC countries’ combined share of total world economic output rose from 16 to 22 percent. Together, the BRIC countries accounted for 30 percent of the increase in global output during the period.
3The BRIC thesis believes that China and India will become the world's big suppliers of manufactured goods and services, while Brazil and Russia will also become big suppliers of raw materials.
BRIC Countries’ Path to 2050
A country’s population and demographics, among other factors are affect the potential size of its economy and its capacity to function as an engine of global economic growth and development. As early as 2003, Goldman Sachs forecasted that China and India would become the first and third largest economies by 2050, with Brazil and Russia capturing the fifth and sixth spots. The chart below shows a more recent forecast of the world ranking of the biggest economies in the year 2050.
4“The World Needs Better Economic BRICs.”
5China
6China has influenced the course of international development for thousands of years. With more than 1.35 billion people (even with the one child per family policy).
7China took roughly 20 percent of the total world population,after decades of rapid economic growth, China overtook Japan to become the world’s