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The position of BRIC’s countries in the modern global economy

Author

Listed:
  • Amanda Muranska

    (University of Opole, Poland)

Abstract

The global economy is still dynamic transformed. Over the last two decades the forces have regrouped. An important role have begun to play the emerging markets, especially the group of BRIC’s countries. The aim of this paper is an attempt to place those economies in the area of the modern global economy. Therefore, it has made an analysis of several indicators from 2001 to 2013. It has used figures from the online database of The World Bank. The analysis has taken some interesting conclusions. First of all, BRIC’s countries have improved their position in the global economy, but they have still a lot of problems, primarily social problems. Brazil and Russia are countries, which are mainly based on natural resources, and at the moment their economies are developing slower. India is a country that is characterized by innovation, and it has to be the key to success. China is strong leader, which has still a very big economic potential and is still improving their competitive position.

Suggested Citation

  • Amanda Muranska, 2015. "The position of BRIC’s countries in the modern global economy," Working Papers 151/2015, Institute of Economic Research, revised Jun 2015.
    • Handle: RePEc:pes:wpaper:2015:no151
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    More about this item

    Keywords

    Brazil; China; India; Russia; BRIC;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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