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Building BRICs of growth

Posted by Matt in June 5th, 2008

Record spending on infrastructure will help to sustain rapid growth in emerging economies

THE biggest investment boom in history is under way. Over half of the world’s infrastructure investment is now taking place in emerging economies, where sales of excavators have risen more than fivefold since 2000. In total, emerging economies are likely to spend an estimated $1.2 trillion on roads, railways, electricity, telecommunications and other projects this year, equivalent to 6% of their combined GDPs—twice the average infrastructure-investment ratio in developed economies.

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Cars in Russia Crisis? What oil crisis?
Economist, UK - 8 hours ago
Thanks to abundant natural resources, Russia’s economy has grown by an average of 7% a year for the past decade. Real disposable income has nearly doubled ..

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Map for Beijing, China

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


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