Subject category:
Strategy and General Management
Published by:
IBS Case Development Center
Length: 12 pages
Data source: Published sources
Topics:
Growth of emerging economies; The BRIC (Brazil, Russia, India and China) economies; Brazil's real plan; Brazil's inflation-targeting regime; Russia's structural reforms; Economic reforms of India; China's economic development; Growth imperatives for the BRIC economies; Hindrances in growth of the BRIC economies; Transparency International; Human development index; G-6 nations (US, Japan, Germany, France, Italy and Britain)
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Abstract
In 2004, countries in Latin America, Asia and Europe experienced their fastest GDP (gross domestic product) growth rates since the 1970s. Favourable external factors such as reduced global interest rates, high demand from the US and the depreciation of the US dollar against the respective currencies facilitated this growth. Brazil, China, India and Russia, collectively called the BRIC economies, started featuring along with the G-6 nations in terms of the purchasing power parity (PPP), due to their high GDP. It was also estimated that the BRIC''s would outpace the G-6 nations by 2040 and emerge as the global economic powerhouses in the future. This case study, while highlighting the economic growth strategies of the BRIC countries, provides scope for discussion on their growing importance in the global economy.
Location:
Other setting(s):
2004
About
Abstract
In 2004, countries in Latin America, Asia and Europe experienced their fastest GDP (gross domestic product) growth rates since the 1970s. Favourable external factors such as reduced global interest rates, high demand from the US and the depreciation of the US dollar against the respective currencies facilitated this growth. Brazil, China, India and Russia, collectively called the BRIC economies, started featuring along with the G-6 nations in terms of the purchasing power parity (PPP), due to their high GDP. It was also estimated that the BRIC''s would outpace the G-6 nations by 2040 and emerge as the global economic powerhouses in the future. This case study, while highlighting the economic growth strategies of the BRIC countries, provides scope for discussion on their growing importance in the global economy.
Settings
Location:
Other setting(s):
2004