Models of BRICs' Economic Development and Challenges for EU Competitiveness

By: Ghosh, Jayati.

Contributor(s): Havlik, Peter | Urban, Waltraut | Poplawski-Ribeiro, Marcos.

Material type: materialTypeLabel

BookSeries: wiiw Research Reports: 359Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2009Description: 73 S., 5 Tables, 9 Figures and 1 Box, 30cm.Subject(s): economic development | Brazil | Russia | India | China | the European Union | competitivenessCountries covered: Brazil | China | European Union | India | Russiawiiw Research Areas: International Trade, Competitiveness and FDI | Sectoral studies | International Trade, Competitiveness and FDI | Macroeconomic Analysis and Policy | Sectoral studiesClassification: G01 | O21 | O53 | O54 | O57 Online resources: Click here to access online Summary: The term BRICs puts under a common label the four largest fast growing emerging countries: Brazil, Russia, India and China. The BRICs show many common features, such as big land size, large population, fast economic growth etc., but important differences as well, due to their different models of economic development and resources endowments. In this report, we discuss the different models of economic development of the individual BRIC countries, with a special focus on their external relations (trade, FDI) and on likely future developments. Brazil is a domestically oriented service economy; Russia's economic development is heavily dependent on energy and raw material resources; the Indian economy is essentially service-led, supported by exports; and China's economic development is driven by manufacturing exports and investment. Finally, we explore the resulting future challenges and opportunities for EU competitiveness.

Holdings
Item type	Current library	Call number	Status	Date due	Barcode
Paper	WIIW Library	5.600/359 (Browse shelf(Opens below))	Available		1000010001969

Browsing WIIW shelves, Shelving location: Library Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	5.600/356 Skills and Industrial Competitiveness	5.600/357 Trade in Goods and Services between the EU and the BRICs	5.600/358 Foreign Direct Investment Flows between the EU and the BRICs	5.600/359 Models of BRICs' Economic Development and Challenges for EU Competitiveness	5.600/360 Carbon Capture and Storage: Selected Economic and Institutional Aspects	5.600/361 Short-run Projections of Patterns of Job Contraction in the EU	5.600/362 European Energy Security in View of Russian Economic and Integration Prospects	Next

The term BRICs puts under a common label the four largest fast growing emerging countries: Brazil, Russia, India and China. The BRICs show many common features, such as big land size, large population, fast economic growth etc., but important differences as well, due to their different models of economic development and resources endowments. In this report, we discuss the different models of economic development of the individual BRIC countries, with a special focus on their external relations (trade, FDI) and on likely future developments. Brazil is a domestically oriented service economy; Russia's economic development is heavily dependent on energy and raw material resources; the Indian economy is essentially service-led, supported by exports; and China's economic development is driven by manufacturing exports and investment. Finally, we explore the resulting future challenges and opportunities for EU competitiveness.

Click on an image to view it in the image viewer