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The BRICS have in the past decade shaken the world economy with their remarkable growth. Their share in the world GDP grew from 11 percent in 1990 to 25 percent in 2011. However, much of this success could be attributed to China and India. While China indulged in investment based growth model, India was reaping the benefits of its economic liberalization. Meanwhile Russia earned from the energy needs that China’s growth had created and Brazil attacked its own macroeconomic woes for a faster growth. South Africa, however, sneaked into the group and has been the one most lagging behind. The question which this report attempts to address is whether these nations are still the growth drivers of the world. There are several factors which suggest that even though these economies might continue to grow they cannot recreate the magic with their remarkable growth in 2000s. That period saw an unprecedented growth partly because of the surge in the growth of these countries owing to reasons inherent to their economies and partly due to the sluggish growth of the richer economies. That was the period when they witnessed the major sub-prime crisis of which the BRICS, to some extent, were shielded. The room to catch-up is now low. The challenges which each of the BRICS is facing have been used to suggest that their ruling period appears to have ended unless they revisit their strategies. Instead the N11 have emerged as the next set of potential economies though they too cannot be expected to replicate what BRICS achieved from 1999 to 2011.
A STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMY
A STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMY
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The BRICS have in the past decade shaken the world economy with their remarkable growth. Their share in the world GDP grew from 11 percent in 1990 to 25 percent in 2011. However, much of this success could be attributed to China and India. While China indulged in investment based growth model, India was reaping the benefits of its economic liberalization. Meanwhile Russia earned from the energy needs that China’s growth had created and Brazil attacked its own macroeconomic woes for a faster growth. South Africa, however, sneaked into the group and has been the one most lagging behind. The question which this report attempts to address is whether these nations are still the growth drivers of the world. There are several factors which suggest that even though these economies might continue to grow they cannot recreate the magic with their remarkable growth in 2000s. That period saw an unprecedented growth partly because of the surge in the growth of these countries owing to reasons inherent to their economies and partly due to the sluggish growth of the richer economies. That was the period when they witnessed the major sub-prime crisis of which the BRICS, to some extent, were shielded. The room to catch-up is now low. The challenges which each of the BRICS is facing have been used to suggest that their ruling period appears to have ended unless they revisit their strategies. Instead the N11 have emerged as the next set of potential economies though they too cannot be expected to replicate what BRICS achieved from 1999 to 2011.
A STUDY OF BRICS NATION BEING THE REAL GROWTH DRIVERS OF WORLD ECONOMY
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Heather Hedden, Senior Consultant at Enterprise Knowledge, presented “The Role of Taxonomy and Ontology in Semantic Layers” at a webinar hosted by Progress Semaphore on April 16, 2024. Taxonomies at their core enable effective tagging and retrieval of content, and combined with ontologies they extend to the management and understanding of related data. There are even greater benefits of taxonomies and ontologies to enhance your enterprise information architecture when applying them to a semantic layer. A survey by DBP-Institute found that enterprises using a semantic layer see their business outcomes improve by four times, while reducing their data and analytics costs. Extending taxonomies to a semantic layer can be a game-changing solution, allowing you to connect information silos, alleviate knowledge gaps, and derive new insights. Hedden, who specializes in taxonomy design and implementation, presented how the value of taxonomies shouldn’t reside in silos but be integrated with ontologies into a semantic layer. Learn about: - The essence and purpose of taxonomies and ontologies in information and knowledge management; - Advantages of semantic layers leveraging organizational taxonomies; and - Components and approaches to creating a semantic layer, including the integration of taxonomies and ontologies
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
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Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
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apidays
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Imagine a world where information flows as swiftly as thought itself, making decision-making as fluid as the data driving it. Every moment is critical, and the right tools can significantly boost your organization’s performance. The power of real-time data automation through FME can turn this vision into reality. Aimed at professionals eager to leverage real-time data for enhanced decision-making and efficiency, this webinar will cover the essentials of real-time data and its significance. We’ll explore: FME’s role in real-time event processing, from data intake and analysis to transformation and reporting An overview of leveraging streams vs. automations FME’s impact across various industries highlighted by real-life case studies Live demonstrations on setting up FME workflows for real-time data Practical advice on getting started, best practices, and tips for effective implementation Join us to enhance your skills in real-time data automation with FME, and take your operational capabilities to the next level.
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From Event to Action: Accelerate Your Decision Making with Real-Time Automation
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Bric Nations
1.
BRIC Nations The
Future of the World Presented by: Bharat Jhalani July 2008
2.
3.
4.
Painting BRIC by
numbers
5.
6.
7.
8.
BRIC in 2050
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