The Brics Will Continue to Dominate the World
Global business environment
BRICS will continue to dominate the world’s economy!
25/11/11
BRICS will continue to dominate the world’s economy!
BRICS also referred as “golden Brics” have been in the last 10 years leading powers of our global economy. BRICS are composed of five very different countries with diverse pattern of growth; Brazil, Russia, India, china and most recently South Africa; with one point in common, their desire to grow in prosperity and security On almost every scale, the so called BRICS have a greater entity on a global stage, representing 40% of the worlds of the world’s population and almost 25% of the world’s land coverage, (Blake Hounshell,2011). Due to their enormous growth, the BRICS will soon change the ranking of national economies considerably, where the United States will not be the leading economy. As a result they are the only a key powers able to help us survive this economic disaster. Throughout this essay we will be emphasizing the main features that make BRICS so dominant and then will go on to talk about potential outburst of future Brics. But in order to do so, this essay will argue in favor of the Brics, and how we should perceive it as an opportunity rather than a threat. Additionally we will be taking into account the political and social influence of brics on to the rest of the world and its affects.
All of these 5 countries have been contributing enormously to the world’s economy in diverse ways. Russia also referred as “the world’s gas station”, is rich in oil and gas resources where as Brazil also known as “the world’s raw material base” is abundant in soybean and iron ore, while China so called “the worlds factory”, has a strong manufacturing sector, and India, appears to be the world’s office since it has a highly professional employees in IT and service sector. As a result, Russia and Brazil can provide raw materials to China and India, while those can provide good services and products for the
BRICS will continue to dominate the world’s economy!
25/11/11
BRICS will continue to dominate the world’s economy!
BRICS also referred as “golden Brics” have been in the last 10 years leading powers of our global economy. BRICS are composed of five very different countries with diverse pattern of growth; Brazil, Russia, India, china and most recently South Africa; with one point in common, their desire to grow in prosperity and security On almost every scale, the so called BRICS have a greater entity on a global stage, representing 40% of the worlds of the world’s population and almost 25% of the world’s land coverage, (Blake Hounshell,2011). Due to their enormous growth, the BRICS will soon change the ranking of national economies considerably, where the United States will not be the leading economy. As a result they are the only a key powers able to help us survive this economic disaster. Throughout this essay we will be emphasizing the main features that make BRICS so dominant and then will go on to talk about potential outburst of future Brics. But in order to do so, this essay will argue in favor of the Brics, and how we should perceive it as an opportunity rather than a threat. Additionally we will be taking into account the political and social influence of brics on to the rest of the world and its affects.
All of these 5 countries have been contributing enormously to the world’s economy in diverse ways. Russia also referred as “the world’s gas station”, is rich in oil and gas resources where as Brazil also known as “the world’s raw material base” is abundant in soybean and iron ore, while China so called “the worlds factory”, has a strong manufacturing sector, and India, appears to be the world’s office since it has a highly professional employees in IT and service sector. As a result, Russia and Brazil can provide raw materials to China and India, while those can provide good services and products for the
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