Bericht
The global crisis and the implications for developing countries and the BRICs: Is the B really justified?
The term BRIC was first coined by Goldman Sachs and refers to the fast-growing developing economies of Brazil, Russia, India, and China - a class of middle-income emerging market economies of relatively large size that are capable of self-sustained expansion. Their combined economies could exceed the combined economies of today's richest countries by 2050. However, there are concerns about how the current financial crisis will affect the BRICs, and Goldman has questioned whether Brazil should remain within this group. Senior Scholar Jan Kregel reviews the implications of the global crisis for developing countries, based on the factors driving global trade. He concludes that there is unlikely to be a return to the extremely positive conditions underlying the recent sharp increase in growth and external accounts. The key for developing countries is to transform from export-led to domestic demand-led growth, says Kregel. From this viewpoint, Brazil seems much better placed than the other BRIC countries.
- ISBN
-
978-1-931493-96-3
- Sprache
-
Englisch
- Erschienen in
-
Series: Public Policy Brief ; No. 102
- Klassifikation
-
Wirtschaft
- Thema
-
Exportinduziertes Wachstum
Finanzmarktkrise
Entwicklungsstrategie
BRIC-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kregel, Jan
- Ereignis
-
Veröffentlichung
- (wer)
-
Levy Economics Institute of Bard College
- (wo)
-
Annandale-on-Hudson, NY
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Kregel, Jan
- Levy Economics Institute of Bard College
Entstanden
- 2009
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