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BRICs (Brazil, Russia, India and China)
Goldman Sachs predicts China and India, respectively, to be the dominant global suppliers of manufactured
products and services while Brazil and Russia would become
in the same way dominant as suppliers of raw materials.
Goldman Sachs argues that the economic potential of
Brazil, Russia, India, and China is such that they may become
among the 4 most dominant economies by the year 2050. By 2050, the BRIC economies will account for 44%of global GDP (Source: Grant Thornton International Business Report)
India and China are the only real BRICs in the wall. India and China are investing in higher education and going for "intellectual
capital", while Russia and Brazil depend too much on the actual commodity price boom and are not making the necessary investments in infrastructure
and human capital.
India has 10 of the 30 fastest-growing urban areas in the world and, based on
actual trends, we estimate a massive 700 million people will move to cities by
2050. This will have important implications for demand for urban
infrastructure, real estate, and services. The Economy of India will surpass the United States (in USD) by 2043. Tata Motors, looks likely to add to the list soon, by buying
2 grand old
names of British car making, Jaguar and Land Rover, from America's enfeebled Ford. As a symbol of a shift in economic power, this is
hard to match.
All reputable economists agree now that the future is in the emerging markets.
These markets already are the main source of economic growth in the modern World and their
function is projected to increase considerably in the next 20 years.
The
5 biggest emerging markets are China, India, Indonesia, Brazil and Russia. Other
countries that are also considered as emerging markets include Mexico, Argentina, South Africa, Poland, Turkey, and South Korea.
South Africa officially became a member of BRIC in 2010, BRIC was renamed to
BRICS (S for South Africa)
Terms to refer
Emerging markets.
BRICET (BRIC + Eastern Europe and Turkey). BRICS (BRIC + South Africa).
BRICM (BRIC + Mexico). BRICK (BRIC +
South Korea). BRICA
(BRIC + Cooperation Council for the Arab
States of the Gulf (GCC) Arab countries - Saudi Arabia, Qatar, Kuwait, Bahrain, United Arab Emirates (UAE))
CIVETS (Colombia,
Arab Republic of Egypt, Indonesia,
Vietnam, Turkey and South Africa) (Source:
Economist Intelligence Unit)
Next Eleven (or N-11):
Bangladesh, Egypt, Indonesia,
Iran, Mexico,
Nigeria,
Pakistan,
Philippines,
South Korea, Turkey, and Vietnam. Source:
Goldman Sachs
MIST: Mexico, Indonesia, South Korea and Turkey.
Big Emerging Market (BEM): Brazil, China, Egypt, India, Indonesia, Mexico,
Philippines, Poland, Russia, South Africa, South Korea and Turkey.
BBVA Research:
a) EAGLEs (Emerging and Growth-Leading Economies): Brazil, China,
Egypt, India, Indonesia, Mexico, Russia, South Korea,
Taiwan, Turkey
b) NEST: Argentina, Bangladesh, Colombia,
Malaysia, Nigeria, Pakistan,
Peru, Philippines, Poland, South Africa,
Thailand, Vietnam
Standard and Poor's:
Brazil, Chile, China, Czech Republic, Egypt, Hungary, India, Indonesia,
Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa,
Taiwan, Thailand, Turkey
FTSE list
a) Advanced Emerging markets: Brazil, Czech Republic, Hungary, Malaysia, Mexico,
Poland, South Africa, Taiwan, Turkey
b) Secondary Emerging markets:
Chile, China, Colombia, Egypt, India, Indonesia, Morocco, Pakistan, Peru,
Philippines, Russia, Thailand, United Arab Emirates (UAE)
.
EENI
Classification:
- BRICM (Brazil, Russia, India, China, Mexico)
- Asian emerging markets: Bangladesh, Indonesia, Iran, Malaysia, Pakistan,
Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam.
- Latin America emerging markets: Argentina, Colombia, Chile, Peru.
- Middle East emerging markets: Saudi Arabia, United Arab Emirates (UAE).
- European emerging markets: Croatia, Serbia, Turkey.
- African emerging markets: Egypt, Nigeria, South Africa.
|
Country |
BRIC |
EENI |
Next-11 |
CIVETS |
THE ECONOMIST |
S&P |
EAGLEs |
Nest |
BEM |
FTS Advanced |
FTS Secondary |
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Argentina |
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Bangladesh |
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Brazil |
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Chile |
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China |
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Colombia |
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Croatia |
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Czech Republic |
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Egypt |
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Hong Kong |
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Hungary |
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India |
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Indonesia |
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Iran |
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Malaysia |
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Mexico |
BRICM |
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Morocco |
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Nigeria |
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Pakistan |
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Peru |
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Philippines |
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Poland |
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Russia |
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Saudi Arabia |
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Singapore |
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Serbia |
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South Africa |
BRICS |
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Sri Lanka |
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South Korea |
BRICK |
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Taiwan |
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Thailand |
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Turkey |
BRICET |
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UAE |
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Vietnam |
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