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An Uncertain Future Or The End Of The Road For Brics?

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  • Luiza Loredana Nastase

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

The international financial and monetary crisis has blocked the financial flows of emerging economies (and not only), resulting in a significant restraint of their economic activity. Moreover, the positions of these states have changed; thus, if during the latest 10-12 years, economists considered that emerging countries such as Brazil, Russia, India, China and then South Africa (2011) were the future driving force of the world economy, nowadays more and more people speak of Mexico, Indonesia, Nigeria, Turkey, Colombia, Vietnam, Egypt, Peru and the Philippines. “MINT”, “CIVETS” or “CIPP” are the acronyms assigned to such countries in the analyses of economists and specialists. The hereby paper is an evaluation of the current position of BRICS countries within emerging economies.

Suggested Citation

  • Luiza Loredana Nastase, 2014. "An Uncertain Future Or The End Of The Road For Brics?," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(42), pages 57-62.
    • Handle: RePEc:aio:aucsse:v:2:y:2014:i:42:p:57-62
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    File URL: http://feaa.ucv.ro/AUCSSE/0042v2-008.pdf
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    References listed on IDEAS

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    1. -, 2012. "Latin American Economic Outlook 2013: SMEs policies for structural change," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1464 edited by Oecd, September.
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    More about this item

    Keywords

    emerging economy; economic order; integration; efficiency; economic convergence; BRICS; MINT; CIVETS; CIPP;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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