The world of economics enjoys long-term relationships with its prosperous leaders, but recently there has been a movement in the waves of prosperity. Japan, Germany and the United States have recently begun tossing and turning in their economic positions, as they are hearing and seeing the arrival of a new wave of national leaders.
Brazil, China and India are making loud and visible appearances, and they are rising steadily in their economies. There was a documented prediction in 2003, which formulated the acronym “BRIC,” representing “Brazil, Russia, India and China” as the wealthiest economies by the year 2050. This was put out by the Goldman Sachs report from 2003 and has been used by investors ever since (BRIC p.1). It seems that even forty years prior to the predicted date of BRIC’s reign, we are already seeing signs of it. The prediction included, also, the types of power each of these countries would have in the world. If it becomes true, then China and India will be the dominant suppliers of manufactured goods and services, while Russia and Brazil will be the prominent suppliers of raw materials. This paper will focus on three of these countries, excluding Russia.
With this rising phenomenon in mind, there was a short-term project that included a partnership between the World Bank, the United Nations Environment Programme (UNEP) through the UNEP Risoe Centre (URC), and institutions in Brazil, China and India. It was called the “3 Country Energy Efficiency Project,” and it was mindful of the
upcoming expansion in the energy use and greenhouse gas emissions that Brazil, China and India would likely encounter within the next 20 years. This was considered a small project (with hopes for further small projects) that would tap into the major energy-saving renovations in the upcoming superpower nations.
It was a research project involving case studies and real-life lessons from energy efficiency... [continues]
Cite This Essay
(2011, 03). Rising Economies: Brazil, China and India. StudyMode.com. Retrieved 03, 2011, from http://www.studymode.com/essays/Rising-Economies-Brazil-China-And-India-635363.html
"Rising Economies: Brazil, China and India" StudyMode.com. 03 2011. 03 2011 <http://www.studymode.com/essays/Rising-Economies-Brazil-China-And-India-635363.html>.
"Rising Economies: Brazil, China and India." StudyMode.com. 03, 2011. Accessed 03, 2011. http://www.studymode.com/essays/Rising-Economies-Brazil-China-And-India-635363.html.