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 “emerging markets”? 4. The BRIC ‘n MITSK 5. The Brazilian giant woke up 6. U.S. Economy up against a BRIC wall 7. Conclusion
- 3. BRIC, WTH??? • Acronym • Jim O’Neil (2001) • The Big Four • Fastest growing & largest emerging • 3 billion people • 25% of global GDP • Future?
- 5. What are “emerging markets”? • Concept: 30 years ago • Replacement for pejorative “Third World”-tag • Rapid growth and industrialization • Jim O’Neill: “term is no longe helpful” (2012) • 1% of Global GDP • Potential to rise
- 6. The BRIC ‘n MITSK • January 2012 => Jim O’Neill • Adds 4 new countries • Mexico, Indonesia, Turkey, South-Korea • Account in global GDP Mexico Indonesia Turkey South- Korea 1.6 % 1.1 % 1.2 % 1.6 %
- 7. The Brazilian giant woke up • Economic growth figures (2011) – Not as strong as hoped + 6th biggest economy in the world!! + Highest currency appreciation • 2.7% (<=>7.5% in 2010) • Estimates for 2012
- 9. The Brazilian giant woke up • Brazil USED to be => Pais do Futuro • Due to: – Economic crisis – Political crisis • Future never seemed to come • However... the last ten years:
- 10. Brazil’s past 10 years • Agriculture superpower • Massive oil reserves • Paid debts to IMF • Rise of new middle class => Purchasing Power • Lifted thousand out of poverty • Wave of construction – 2011: 22 new shopping centers • Host for: – World Cup 2014 – Olympics 2016
- 11. Conclusion: U.S. Economy up against a BRIC Wall?? • Economic center of gravity of the world => is shifting • Towards BRIC – Countries • Double reason: – Rise of emerging markets – 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