The BRICs are taking control
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This presentation makes you familiar with a few common-used notions such as: BRIC, MITSK, emerging markets, ... It also contains a look at the predictions for 2050, and a focus on the Brazilian economy as well as a short topic about the "BRIC"-wall the U.S. economy is facing.
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The BRICs are taking control
- 1. BRIC COUNTRIES Tom Dewaele 2FV04
- 2. Contents 1. BRIC, WTH??? 2. Predictions for 2050 3. What are โemerging marketsโ? 4. The BRIC โn MITSK 5. The Brazilian giant woke up 6. U.S. Economy up against a BRIC wall 7. Conclusion
- 3. BRIC, WTH??? โข Acronym โข Jim OโNeil (2001) โข The Big Four โข Fastest growing & largest emerging โข 3 billion people โข 25% of global GDP โข Future?
- 5. What are โemerging marketsโ? โข Concept: 30 years ago โข Replacement for pejorative โThird Worldโ-tag โข Rapid growth and industrialization โข Jim OโNeill: โterm is no longe helpfulโ (2012) โข 1% of Global GDP โข Potential to rise
- 6. The BRIC โn MITSK โข January 2012 => Jim OโNeill โข Adds 4 new countries โข Mexico, Indonesia, Turkey, South-Korea โข Account in global GDP Mexico Indonesia Turkey South- Korea 1.6 % 1.1 % 1.2 % 1.6 %
- 7. The Brazilian giant woke up โข Economic growth figures (2011) โ Not as strong as hoped + 6th biggest economy in the world!! + Highest currency appreciation โข 2.7% (<=>7.5% in 2010) โข Estimates for 2012
- 9. The Brazilian giant woke up โข Brazil USED to be => Pais do Futuro โข Due to: โ Economic crisis โ Political crisis โข Future never seemed to come โข However... the last ten years:
- 10. Brazilโs past 10 years โข Agriculture superpower โข Massive oil reserves โข Paid debts to IMF โข Rise of new middle class => Purchasing Power โข Lifted thousand out of poverty โข Wave of construction โ 2011: 22 new shopping centers โข Host for: โ World Cup 2014 โ Olympics 2016
- 11. Conclusion: U.S. Economy up against a BRIC Wall?? โข Economic center of gravity of the world => is shifting โข Towards BRIC โ Countries โข Double reason: โ Rise of emerging markets โ Decline in U.S and Eurozone economy V.S.
- 12. Thank you for listening and watching, BRIC COUNTRIES Tom Dewaele 2FV04
Editor's Notes
- His prediction that the Brics would overtake the six largest western economies was greetd with scepticism but the concept has become widely accepted