IDEAS home Printed from https://ideas.repec.org/a/brc/journl/v20y2013i2p67-72.html
   My bibliography  Save this article

Economic Realities And Prospects Of Brics And G7

Author

Listed:
  • Ioana-Iulica, MIHAI

    (“Constantin Brâncoveanu” University, Romania)

  • ; Georgiana MÎNDRECI

    (“Constantin Brâncoveanu” University, Romania)

Abstract

In the context of the trends changing the balance of forces in the global economy, this paper mainly highlights the economic, political and strategic influences that the emerging countries, members of the BRICS group, undertake worldwide. The current economic crisis has imposed the enlargement of the debate framework focused on the global issues on the way of transition from the meetings of group G-7 of great industrial powers to the much wider group of G-20, to which the emerging countries also belong. There are also some estimates of the global economic environment for the following decades presented through the deductive analysis. It is expected that this context is highly influenced by the impact of the current crisis on the readjustment of the global spheres of influence. The rise of the emerging states, the change of their share in the global economy generates changes and influences the international decision-making framework. Practically, they are now major players on the stage of the new global order which the U.S. are forced to take into account, although they remain a world superpower.

Suggested Citation

  • Ioana-Iulica, MIHAI & ; Georgiana MÎNDRECI, 2013. "Economic Realities And Prospects Of Brics And G7," Management Strategies Journal, Constantin Brancoveanu University, vol. 20(2), pages 67-72.
    • Handle: RePEc:brc:journl:v:20:y:2013:i:2:p:67-72
    as

    Download full text from publisher

    File URL: http://www.strategiimanageriale.ro/papers/130205.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Laura-Maria DINDIRE, 2012. "Organisational Behaviour Influence Elements in the New Economic Paradigm," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(569)), pages 31-48, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Keywords

      emerging countries/powers; BRICS; G-7; balance of power;
      All these keywords.

      JEL classification:

      • F01 - International Economics - - General - - - Global Outlook
      • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brc:journl:v:20:y:2013:i:2:p:67-72. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan MICUDA (email available below). General contact details of provider: http://www.univcb.ro/ .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.