The BRICs (Brazil, Russia, India, and China)

Résumé du document

GNI per capita is the dollar value of a country's Gross National Income. It is a country's final income in a year, divided by its population. Although the BRICs (countries of Brazil, Russia, India and China) are likely to become larger and more powerful force in the world economy, individuals in the BRICs are likely to be poorer than individuals in the G7 economies by 2050. The income distribution in the BRICs is unequal among the population of the countries and poverty will remain prevalent in the years to come. That is the reason why GNI per capita does not entirely reflect the economic potential in the BRICs.
Indeed, in 2004, the income per capita of the 500 million urban Chinese people was about US$ 1.150 which represented about 3.21 times the income per capita of the 800 million rural residents. Furthermore, by 2020, the urban income will be seven times as much as the rural income that is the reason why the idea of purchasing power and human development should be better indicators to evaluate the economic potential in the BRICs.

Extraits

[...] By 2025, the economies of the BRICs will represent half the size of the G7, therefore, the ranking of national economies will totally change. By 2016, China's economy would be the second largest economy after the United States and would become the first largest economy by 2041. By 2032, India's economy is likely to be larger than Japan's and would become the third largest economy in the world. Toward 2025, economic growth in the BRICs will likely slow in a significant way. India will be the only country with a growth rate above 3 percent by 2050. [...]

[...] In 2005, India and China agreed to form a strategic partnership to end a border dispute and enhance trade between the two countries. This agreement is a great opportunity for them to contain the United States' global policy dominance. However these predictions on the emergence of the BRICs are not totally sure and the G7 countries still have opportunities for companies. [...]

[...] The BRICs (Brazil, Russia, India, and China) 1. GNI per capita is the dollar value of a country's Gross National Income that is to say a country's final income in a year, divided by its population. Although the BRICs are likely to become a larger and more powerful force in the world economy, individuals in the BRICs are likely to be poorer than individuals in the G7 economies by 2050. The income distribution in the BRICs is unequal among the population of the countries and poverty will remain prevalent, that is the reason why GNI per capita does not entirely reflect the economic potential in the BRICs. [...]

[...] The purchasing power indicator shows the apparition of a growing middle class in China and India whose demand is in fast changes. What is more, Although Russia has a high GNI per capita, within a decade the BRICs will have stronger national currencies and their demand for capital should increase and their purchasing power should considerably change. The price level in those countries is likely to be higher than it is nowadays in the BRICs and even if the GNI per capita increases, the purchasing power of the consumers might decrease Over the next 50 years, the BRIC economies (Brazil, Russia, India and China) are likely to become much more powerful in the world economy. [...]

[...] In the next decade, the BRICs will have an impact on the commodity market. The importance of the BRICs as consumers market will be the next phase of their development and companies have to start capitalizing on the future consumer demand of the BRICs that is the reason why companies should monitor the purchasing power of the residents in these countries in order to organize their market operations The emergence of the BRICs implies the decline of the absolute importance of countries like France, the United-Kingdom and Germany. [...]