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BRIC in the Global Economy

Author

Listed:
  • Toma Sorin-George

    (Faculty of Administration and Business, University of Bucharest)

  • Grãdinaru Cãtãlin

    (Faculty of Administration and Business, University of Bucharest)

  • Stanciu Costel

    (University Nicolae Titulescu Bucharest)

Abstract

The actual state of globalization expresses the fact that there is a tough competition between the neoliberal capitalism, tipified by the United States of America, and the state capitalism, illustrated by China. Brazil, Russia, India and China form the so-called BRIC group of countries. The BRIC represent one of the key engines of expansion for today’s global economy. The aims of our paper are to briefly present and analyse the increasing role played by BRIC in today’s global economy.

Suggested Citation

  • Toma Sorin-George & Grãdinaru Cãtãlin & Stanciu Costel, 2014. "BRIC in the Global Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 53-56, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:53-56
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    More about this item

    Keywords

    BRIC; globalization; capitalism; global economy;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F6 - International Economics - - Economic Impacts of Globalization

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