Brics
Research Topic
What are the key factors that have led to the rise of the ‘BRICs’ (Brazil, Russia, India and China) in the world economy? Focusing on ONE of these countries, examine how its position is changing in the world economy in the context of the current global recession.
Structure 1. Rise of BRIC and factors contributing the rise
2. China – The rising dragon, (most influential amongst BRICs)
3. Global financial crisis
a. Impact on China and major challenges ahead
4. China’s global foot prints across three major dimensions amid financial crisis
a. Trade,
b. Foreign investments, Aid & human rights, migration
c. Global governance,
d. Environment
5. Conclusion - China’s contribution in rebalancing global growth
Abstract
Although explored by a trans-nationalist, the term ‘BRIC’ has gained momentum with the recent summit held in June last year. The rise of BRIC is associated with major global shifts. Also there are opportunities and challenges with this rise. But there are common factors which made BRIC increasingly noticeable atleast during last decade. Surely, the unprecedented economic growth and the burgeoning middle class are amongst the visible factors. The other factors are structural and unique advantages. During the past decade, much has been contributed by the rising demand in the global economy where survival of the fittest is very much in practice. More importantly, the dimension of financial crisis makes the case of exploring one of the economy i.e. China much interesting. The rise of china, its competitive advantage and sustainable growth has its roots in Mao era and the delayed focus on industrialization turned out to be boon. Long ago (some 25 years back), all I use to know about china is their hard work and their story of riding bicycle rather than using automobiles (to preserve the environment amongst other the other reasons). Contrasting to this, in 2009,
What are the key factors that have led to the rise of the ‘BRICs’ (Brazil, Russia, India and China) in the world economy? Focusing on ONE of these countries, examine how its position is changing in the world economy in the context of the current global recession.
Structure 1. Rise of BRIC and factors contributing the rise
2. China – The rising dragon, (most influential amongst BRICs)
3. Global financial crisis
a. Impact on China and major challenges ahead
4. China’s global foot prints across three major dimensions amid financial crisis
a. Trade,
b. Foreign investments, Aid & human rights, migration
c. Global governance,
d. Environment
5. Conclusion - China’s contribution in rebalancing global growth
Abstract
Although explored by a trans-nationalist, the term ‘BRIC’ has gained momentum with the recent summit held in June last year. The rise of BRIC is associated with major global shifts. Also there are opportunities and challenges with this rise. But there are common factors which made BRIC increasingly noticeable atleast during last decade. Surely, the unprecedented economic growth and the burgeoning middle class are amongst the visible factors. The other factors are structural and unique advantages. During the past decade, much has been contributed by the rising demand in the global economy where survival of the fittest is very much in practice. More importantly, the dimension of financial crisis makes the case of exploring one of the economy i.e. China much interesting. The rise of china, its competitive advantage and sustainable growth has its roots in Mao era and the delayed focus on industrialization turned out to be boon. Long ago (some 25 years back), all I use to know about china is their hard work and their story of riding bicycle rather than using automobiles (to preserve the environment amongst other the other reasons). Contrasting to this, in 2009,
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