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Are the BRICs crumbling?

Posted by Matt in June 2nd, 2008

In effect, the BRIC countries collectively took the place of the United States as the locomotive of the global economy, helping to haul the rest of the planet along.

But there is a problem. They may not be able to keep it up, because just as it looked like the world had found a new economic equilibrium, the double whammy of the fuel and food price shocks hit the emerging markets broadside.

Soaring demand from China, India and the Middle East accounted for more than 56 percent of the growth in world oil consumption between 2001 and 2007, and China is now the world’s top oil importer after the United States. With the latest price rises, the oil import bill for China and India alone is now running at more than $250 billion a year. That takes care of half of the added growth they contributed last year.

Read More…

Video: Davos Annual Meeting 2008 - Next Emerging Markets to Explore

The Next Emerging Markets to Explore

The economies of Brazil, Russia, India and China (BRIC) dominate most discussions on emerging markets, but attention is now turning to lesser known countries with attractive demographic profiles and high growth rates.

Which economies are the most plausible successors to the emerging markets of choice outside of the BRICs, and to the BRICs themselves?

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[Countries link to CIA Factbook. States link to Wikipedia.]


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