Meet the Brics

Topics: Purchasing power parity, Human Development Index, Economics Pages: 2 (338 words) Published: April 9, 2011
Meet The BRICs
Case of chapter 4

1. Map the proposed sequence of evolution of the economy of the BRICs. What indicators might companies monitor to guide their investments and organize their local market operations? China and India will be the dominant global suppliers of manufactured goods and services, respectively, while Brazil and Russia will become the principal suppliers of row materials. Collectively, on almost every scale, they will become the largest entity on the global stage. The unfolding influence of the BRICs as engines of new growth and spending power leads some to argue that these transitions may happen even sooner, especially given the aging working populations and falling productivity rates in richer nations. Experts forecasts that the most dramatic transition will take place over the next 20 to 30 years, BRICs will show higher returns, increased demand for capital, and stronger national currencies. Companies should monitor the, political, legal, and cultural factors and changes. More over companies should monitor GDP, GNI, PPP indexes.

2. What are the implications of the emergence of the BRICs for careers and companies in your country? The emergence of the BRICs effect on our country has some advantages and disadvantages, because it may create new career opportunities, more product options, and better price and/or quality for products because of competition. But on the other hand it may affect negativily the domestic firms more over it may cause some kinf of monopoly as the BRICs taking the lead.

3. Compare and contrast the merits of GNI per capita versus the idea of purchasing power parity, human development, and green economies as indicators of economic potential in Brazil, Russia, China, and India.

GNI per capita is an indicator on the wealth and PPP of the nation, but the Human Development Index measures life expectancy average, level of education, and health. As a result, when we compine all these indicators...
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