Rise of Brics Economy and Its Impact on Global Stock Markets
IRACST – International Journal of Commerce, Business and Management (IJCBM), ISSN: 2319–2828
Vol. 2, No.1, February 2013
Rise of BRICS Economy and its Impact on Global
Stock Markets
Naganathan Venkatesh
Research Scholar, NITTTR,
Chennai, India
Abstract The world is changing and becoming increasingly multipolar due to the emergence of China, India, Russia, Brazil and
South Africa forming so called BRICS. The global influence of
America is fading out due to the recent decline in their stock market and the emergence of other markets. The framework of the global economy has changed dramatically due to the collapse of Lehman
Brothers in 2008. The change in swift happened from G7 to G20
(group of world’s largest 20 economies) and this G20 comprises of these five nations from BRICS. Unlike 2009 the world economy is expected to have a positive growth in future, considered high economic growth by China and India than US. The world sees
BRICS as the emerging economies and many enterprises has started moving out to these countries as they look promising. With China emerging as a superpower followed by India, BRICS has turned into major player in the global economy, that is expected by the world economists to shape the 21st century.
This paper aims to study the trends, similarities and patterns in the activities and movements of the BRICS economy to its other counterparts, as this could help the investors to learn about the financial happenings in these five nations. The details are collected through available secondary data’s and also by conducting economic research. The analysis is done using various statistical methods.
This paper focuses to help the investors in knowing the development of various markets among the BRICS nations and invest accordingly.
As each market is inter dependent on each other, this study aims to learn how the economic development in BRICS nations led to major financial changes in other developing nations.
Keywords-
Vol. 2, No.1, February 2013
Rise of BRICS Economy and its Impact on Global
Stock Markets
Naganathan Venkatesh
Research Scholar, NITTTR,
Chennai, India
Abstract The world is changing and becoming increasingly multipolar due to the emergence of China, India, Russia, Brazil and
South Africa forming so called BRICS. The global influence of
America is fading out due to the recent decline in their stock market and the emergence of other markets. The framework of the global economy has changed dramatically due to the collapse of Lehman
Brothers in 2008. The change in swift happened from G7 to G20
(group of world’s largest 20 economies) and this G20 comprises of these five nations from BRICS. Unlike 2009 the world economy is expected to have a positive growth in future, considered high economic growth by China and India than US. The world sees
BRICS as the emerging economies and many enterprises has started moving out to these countries as they look promising. With China emerging as a superpower followed by India, BRICS has turned into major player in the global economy, that is expected by the world economists to shape the 21st century.
This paper aims to study the trends, similarities and patterns in the activities and movements of the BRICS economy to its other counterparts, as this could help the investors to learn about the financial happenings in these five nations. The details are collected through available secondary data’s and also by conducting economic research. The analysis is done using various statistical methods.
This paper focuses to help the investors in knowing the development of various markets among the BRICS nations and invest accordingly.
As each market is inter dependent on each other, this study aims to learn how the economic development in BRICS nations led to major financial changes in other developing nations.
Keywords-
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