The Brics, the G-7 and Deploying New Global Economic Power

Peter Drysdale

doi:10.1007/s12290-011-0187-x

The Brics, the G-7 and Deploying New Global Economic Power

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Abstract

The economies of the so-called BRICS countries (Brazil, Russia, India, China and South Africa) are exceeding all expectations. Their current and future influence on the global economy is beyond doubt. However, it is still unclear which specific role these countries will play in relation to more industrialised countries (the G-7) and how they will cooperate among themselves. Can they help to solve the European mess? We argue that investment in emerging economies, such as the BRICS, is the main chance the EU and the US have to create growth. It is time for G-20 leaders to grab this opportunity as a powerful driver for global growth.

Original language	English
Pages (from-to)	159-164
Journal	European View
Volume	10
Issue number	2
DOIs	https://doi.org/10.1007/s12290-011-0187-x
Publication status	Published - 2011

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The Brics, the G-7 and Deploying New Global Economic Power

Abstract

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