Does the much-heralded growth in economic muscle of the emerging economies provide an opportunity or pose a threat?
The major shift in economic power to emerging countries such as China and India should be grasped by those in established economies as an opportunity to boost trade rather than feared as an economic death knell.
This was just one conclusion of the PricewaterhouseCoopers report
The World in 2050 published in March 2006, which looked at the advance of the emerging market economies and how the OECD countries could compete.
This report highlights the rapid growth and increasing global significance of what we call the ‘E7’ emerging economies: the BRIC economies of Brazil, Russia, India and China, plus Mexico, Indonesia and Turkey.
All of the growth projections have been updated in our latest report
Beyond the BRICs, taking into account the latest available data. We have also extended the analysis to 13 additional emerging market economies in this latest report.
But the broad messages from our original 2050 report are still valid and the report itself may still be of interest due to containing more detailed material on the methodology employed and the opportunities and challenges posed to the traditional OECD countries by the ‘E7’.
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