Growth Strategies Case Study

Growth Strategies of BRIC Economies

OR

Abstract:
In 2004, countries in Latin America, Asia and Europe experienced their fastest GDP (Gross Domestic Product) growth rates since the 1970s. Favourable external factors such as reduced global interest rates, high demand from the US and the depreciation of the US dollar against the respective currencies facilitated this growth. Brazil, Russia, India and China collectively called the BRIC economies, started featuring along with the G-6 nations in terms of the purchasing power parity (PPP), due to their high GDP. It was also estimated that the BRIC's would outpace the G-6 nations by 2040 and emerge as the global economic powerhouses in the future.

Pedagogical Objectives:

• To highlight the economic growth strategies of the BRIC countries
• To discuss the growing importance of BRIC countries in the global economy.

Keywords : Growth of emerging economies; The BRIC (Brazil, Russia, India and China) economies; Brazil's real plan; Brazil's inflation-targeting regime; Russia's structural reforms; Economic reforms of India; China's economic development; Growth imperatives for the BRIC economies; Hindrances in growth of the BRIC economies; Transparency International; Growth Strategies Case Study; Human Development Index; G-6 nations (US, Japan, Germany, France, Italy and Britain)

Contents : 
A Brief Landscape of the Emerging Economies
Growth of the BRIC Economies
Russian Structural reforms in 1998
India’s Major Economic Reforms Since 1991
Key Features of China’s Economic Reforms in 1979
Conditions for Growth of BRIC Economies
Countries classified as “Emerging” Economies
Selected economic indicators of Brazil