BRIC countries case study
BRIC Countries case analysis
MBA-575
The BRIC countries are Brazil, Russia, India, and China. The BRIC acronym was concocted in 2001 by Jim O’Neil of Goldman Sachs and ever since his paper was published the acronym has stuck and spread worldwide. These four countries are grouped together under the term BRIC because they are all in comparable phases of newly innovative economic growth, but are not yet considered a developed country. These four countries are thought to have the four most leading economies in years to come due to their vastly growing economies. All four countries have increased their political cooperation one way or the other, possibly to influence the United States. If you compare these four countries statistics, there are many categories where they rank in the top percentile in numerous areas.
The BRIC countries gross income was over 10 billion dollars in 2010, 25% of the gross national income countries. All four countries are rapidly growing population wise along with their gross national income. They are planned by 2050 to more than double their current statuses if they continue on the same paths are they are now. This expected growth is important for more than just those countries themselves, but their continued growth and path to becoming developed countries is vital to the rest of the world economy and power. These four countries growth and development over the last years has set a name for themselves with the promise to continue to grow into emerging countries with flourishing markets and strong economic potential.
Important aspects to look at for each BRIC country is their age structure and fertility, population growth, gross national income, labor force and poverty, and potential. According to Global Sherpa, “A country’s population and demographics, among other factors, directly affect the potential size of its economy and its capacity to function as an engine of global economic growth and development” . All of these factors
MBA-575
The BRIC countries are Brazil, Russia, India, and China. The BRIC acronym was concocted in 2001 by Jim O’Neil of Goldman Sachs and ever since his paper was published the acronym has stuck and spread worldwide. These four countries are grouped together under the term BRIC because they are all in comparable phases of newly innovative economic growth, but are not yet considered a developed country. These four countries are thought to have the four most leading economies in years to come due to their vastly growing economies. All four countries have increased their political cooperation one way or the other, possibly to influence the United States. If you compare these four countries statistics, there are many categories where they rank in the top percentile in numerous areas.
The BRIC countries gross income was over 10 billion dollars in 2010, 25% of the gross national income countries. All four countries are rapidly growing population wise along with their gross national income. They are planned by 2050 to more than double their current statuses if they continue on the same paths are they are now. This expected growth is important for more than just those countries themselves, but their continued growth and path to becoming developed countries is vital to the rest of the world economy and power. These four countries growth and development over the last years has set a name for themselves with the promise to continue to grow into emerging countries with flourishing markets and strong economic potential.
Important aspects to look at for each BRIC country is their age structure and fertility, population growth, gross national income, labor force and poverty, and potential. According to Global Sherpa, “A country’s population and demographics, among other factors, directly affect the potential size of its economy and its capacity to function as an engine of global economic growth and development” . All of these factors