{"id":1636,"date":"2012-05-14T17:51:11","date_gmt":"2012-05-14T17:51:11","guid":{"rendered":"https:\/\/noi3.org\/site\/?p=1636"},"modified":"2012-05-14T17:51:11","modified_gmt":"2012-05-14T17:51:11","slug":"bric","status":"publish","type":"post","link":"https:\/\/site.noi3.org\/?p=1636","title":{"rendered":"BRIC"},"content":{"rendered":"<table border=\"1\" cellpadding=\"4\" class=\"infobox\" style=\"float: right; margin: 0 0 1em 1em; width: 35em; border-collapse: collapse; font-size: 90%; clear: right\">\n<tbody>\n<tr>\n<th> \t\t\t\tBrazil, Russia, India, China<\/th>\n<\/tr>\n<tr>\n<td>\n<div class=\"center\">\n<div class=\"floatnone\"> \t\t\t\t\t\t<a class=\"image\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:BRIC.svg\" title=\"Map of BRIC countries\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1618\" alt=\"Map of BRIC countries\" height=\"178\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/350px-BRIC.svg.png\" width=\"350\" srcset=\"https:\/\/site.noi3.org\/wp-content\/uploads\/2012\/05\/350px-BRIC.svg.png 350w, https:\/\/site.noi3.org\/wp-content\/uploads\/2012\/05\/350px-BRIC.svg-300x153.png 300w\" sizes=\"auto, (max-width: 350px) 100vw, 350px\" \/><\/a><\/div>\n<\/p><\/div>\n<hr \/>\n<p> \t\t\t\t\t<b>BRIC<\/b><\/p>\n<dl>\n<dt> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Brazil\" title=\"Brazil\">Federative Republic of Brazil<\/a><\/dt>\n<dd> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/President_of_Brazil\" title=\"President of Brazil\">President (head of state and government)<\/a>: <a href=\"http:\/\/en.wikipedia.org\/wiki\/Dilma_Rousseff\" title=\"Dilma Rousseff\">Dilma Rousseff<\/a><\/dd>\n<\/dl>\n<dl>\n<dt> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Russia\" title=\"Russia\">Russian Federation<\/a><\/dt>\n<dd> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/President_of_Russia\" title=\"President of Russia\">President (head of state)<\/a>: <a href=\"http:\/\/en.wikipedia.org\/wiki\/Vladimir_Putin\" title=\"Vladimir Putin\">Vladimir Putin<\/a><\/dd>\n<dd> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Prime_Minister_of_Russia\" title=\"Prime Minister of Russia\">Prime Minister (head of government)<\/a>: <a href=\"http:\/\/en.wikipedia.org\/wiki\/Dmitry_Medvedev\" title=\"Dmitry Medvedev\">Dmitry Medvedev<\/a><\/dd>\n<\/dl>\n<dl>\n<dt> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/India\" title=\"India\">Republic of India<\/a><\/dt>\n<dd> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/President_of_India\" title=\"President of India\">President (head of state)<\/a>: <a href=\"http:\/\/en.wikipedia.org\/wiki\/Pratibha_Patil\" title=\"Pratibha Patil\">Pratibha Patil<\/a><\/dd>\n<dd> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Prime_Minister_of_India\" title=\"Prime Minister of India\">Prime Minister (head of government)<\/a>: <a href=\"http:\/\/en.wikipedia.org\/wiki\/Manmohan_Singh\" title=\"Manmohan Singh\">Manmohan Singh<\/a><\/dd>\n<\/dl>\n<dl>\n<dt> \t\t\t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/People%27s_Republic_of_China\" title=\"People's Republic of China\">People&#8217;s Republic of China<\/a><\/dt>\n<dd> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/President_of_the_People%27s_Republic_of_China\" title=\"President of the People's Republic of China\">President (head of state)<\/a>: <a href=\"http:\/\/en.wikipedia.org\/wiki\/Hu_Jintao\" title=\"Hu Jintao\">Hu Jintao<\/a><\/dd>\n<dd> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Premier_of_the_People%27s_Republic_of_China\" title=\"Premier of the People's Republic of China\">Premier (head of government)<\/a>: <a href=\"http:\/\/en.wikipedia.org\/wiki\/Wen_Jiabao\" title=\"Wen Jiabao\">Wen Jiabao<\/a><\/dd>\n<\/dl>\n<hr \/>\n<div class=\"NavFrame collapsed\" style=\"border:none;padding:0;\">\n<div align=\"left\" class=\"NavHead\" style=\"font-size:105%; background:transparent;\"> \t\t\t\t\t\t<b><a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_%28PPP%29\" title=\"List of countries by GDP (PPP)\">GDP (PPP)<\/a><\/b><\/div>\n<ul class=\"NavContent\" style=\"list-style: none none; margin-left: 0; text-align:left; font-size:105%; margin-top: 0; margin-bottom: 0; line-height: inherit\">\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\tTotal\u00a0: <b>$20,193 billion<\/b> (2011 estimate)<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/China\" title=\"China\">China<\/a> $11,316 billion<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/India\" title=\"India\">India<\/a> $4,469 billion<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Russia\" title=\"Russia\">Russia<\/a> $2,230 billion<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Brazil\" title=\"Brazil\">Brazil<\/a> $2,178 billion<\/li>\n<\/ul><\/div>\n<div class=\"NavFrame collapsed\" style=\"border:none;padding:0;\">\n<div align=\"left\" class=\"NavHead\" style=\"font-size:105%; background:transparent;\"> \t\t\t\t\t\t<b><a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_%28nominal%29\" title=\"List of countries by GDP (nominal)\">GDP (nominal)<\/a><\/b><\/div>\n<ul class=\"NavContent\" style=\"list-style: none none; margin-left: 0; text-align:left; font-size:105%; margin-top: 0; margin-bottom: 0; line-height: inherit\">\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\tTotal\u00a0: <b>$13,316 billion<\/b> (2011 estimate)<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/China\" title=\"China\">China<\/a> $7,298 billion<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Brazil\" title=\"Brazil\">Brazil<\/a> $2,492 billion<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/India\" title=\"India\">India<\/a> $1,676 billion<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Russia\" title=\"Russia\">Russia<\/a> $1,850 billion<\/li>\n<\/ul><\/div>\n<div class=\"NavFrame collapsed\" style=\"border:none;padding:0;\">\n<div align=\"left\" class=\"NavHead\" style=\"font-size:105%; background:transparent;\"> \t\t\t\t\t\t<b><a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_total_area\" title=\"List of countries by total area\">Area<\/a><\/b><\/div>\n<ul class=\"NavContent\" style=\"list-style: none none; margin-left: 0; text-align:left; font-size:105%; margin-top: 0; margin-bottom: 0; line-height: inherit\">\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\tTotal\u00a0: <b>38,518,338 km2<\/b> (2010 estimate)<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Russia\" title=\"Russia\">Russia<\/a> 17,075,400 km2<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/China\" title=\"China\">China<\/a> 9,640,821 km2<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Brazil\" title=\"Brazil\">Brazil<\/a> 8,514,877 km2<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/India\" title=\"India\">India<\/a> 3,287,240 km2<\/li>\n<\/ul><\/div>\n<div class=\"NavFrame collapsed\" style=\"border:none;padding:0;\">\n<div align=\"left\" class=\"NavHead\" style=\"font-size:105%; background:transparent;\"> \t\t\t\t\t\t<b><a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_population\" title=\"List of countries by population\">Population<\/a><\/b><\/div>\n<ul class=\"NavContent\" style=\"list-style: none none; margin-left: 0; text-align:left; font-size:105%; margin-top: 0; margin-bottom: 0; line-height: inherit\">\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\tTotal\u00a0: <b>2,881,877,719<\/b> (2011 estimate)<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/China\" title=\"China\">China<\/a> 1,336,970,000<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/India\" title=\"India\">India<\/a> 1,210,193,422<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Brazil\" title=\"Brazil\">Brazil<\/a> 192,787,000<\/li>\n<li style=\"line-height: inherit; margin: 0\"> \t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Russia\" title=\"Russia\">Russia<\/a> 141,927,297<\/li>\n<\/ul><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p> \tIn economics, <b>BRIC<\/b> is a grouping <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Acronym\" title=\"Acronym\">acronym<\/a> that refers to the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Countries\" title=\"Countries\">countries<\/a> of <a href=\"http:\/\/en.wikipedia.org\/wiki\/Brazil\" title=\"Brazil\">Brazil<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Russia\" title=\"Russia\">Russia<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/India\" title=\"India\">India<\/a> and <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/People%27s_Republic_of_China\" title=\"People's Republic of China\">China<\/a>, which are all deemed to be at a similar stage of newly advanced economic development. It is typically rendered as &#8222;the <b>BRICs<\/b>&#8221; or &#8222;the <b>BRIC<\/b> countries&#8221; or &#8222;the <b>BRIC<\/b> economies&#8221; or alternatively as the &#8222;Big Four&#8221;.<\/p>\n<p>  <!--more-->  <\/p>\n<p style=\"text-align: center;\"> \t<img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1619\" alt=\"File:BRIC.svg\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/800px-BRIC.svg.png\" style=\"width: 500px; height: 254px;\" width=\"800\" height=\"406\" srcset=\"https:\/\/site.noi3.org\/wp-content\/uploads\/2012\/05\/800px-BRIC.svg.png 800w, https:\/\/site.noi3.org\/wp-content\/uploads\/2012\/05\/800px-BRIC.svg-300x152.png 300w, https:\/\/site.noi3.org\/wp-content\/uploads\/2012\/05\/800px-BRIC.svg-768x390.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p> \tIn economics, <b>BRIC<\/b> is a grouping <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Acronym\" title=\"Acronym\">acronym<\/a> that refers to the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Countries\" title=\"Countries\">countries<\/a> of <a href=\"http:\/\/en.wikipedia.org\/wiki\/Brazil\" title=\"Brazil\">Brazil<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Russia\" title=\"Russia\">Russia<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/India\" title=\"India\">India<\/a> and <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/People%27s_Republic_of_China\" title=\"People's Republic of China\">China<\/a>, which are all deemed to be at a similar stage of newly advanced economic development. It is typically rendered as &#8222;the <b>BRICs<\/b>&#8221; or &#8222;the <b>BRIC<\/b> countries&#8221; or &#8222;the <b>BRIC<\/b> economies&#8221; or alternatively as the &#8222;Big Four&#8221;.<\/p>\n<p> \tThe acronym was coined by <a href=\"http:\/\/en.wikipedia.org\/wiki\/Jim_O%27Neill_%28economist%29\" title=\"Jim O'Neill (economist)\">Jim O&#8217;Neill<\/a> in a 2001 paper entitled &#8222;Building Better Global Economic BRICs&#8221;.<sup class=\"reference\" id=\"cite_ref-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-0\"><span>[<\/span>1<span>]<\/span><\/a><\/sup><sup class=\"reference\" id=\"cite_ref-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-1\"><span>[<\/span>2<span>]<\/span><\/a><\/sup><sup class=\"reference\" id=\"cite_ref-2\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-2\"><span>[<\/span>3<span>]<\/span><\/a><\/sup> The acronym has come into widespread use as a symbol of the shift in global economic power away from the developed <a href=\"http:\/\/en.wikipedia.org\/wiki\/G7\" title=\"G7\">G7<\/a> economies towards the developing world. It is estimated that BRIC economies will overtake G7 economies by 2027.<sup class=\"reference\" id=\"cite_ref-3\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-3\"><span>[<\/span>4<span>]<\/span><\/a><\/sup><\/p>\n<p> \tAccording to a paper published in 2005, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Mexico\" title=\"Mexico\">Mexico<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/South_Korea\" title=\"South Korea\">South Korea<\/a> were the only other countries comparable to the BRICs, but their economies were excluded initially because they were considered already more developed, as they were already members of the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/OECD\" title=\"OECD\">OECD<\/a>.<sup class=\"reference\" id=\"cite_ref-Ref-1_4-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-Ref-1-4\"><span>[<\/span>5<span>]<\/span><\/a><\/sup> The same creator of the term &#8222;BRICS&#8221; has recently coined the term <a href=\"http:\/\/en.wikipedia.org\/wiki\/MIKT\" title=\"MIKT\">MIKT<\/a>, that includes Mexico and (South) Korea.<\/p>\n<p> \tSeveral of the more developed of the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Next_Eleven\" title=\"Next Eleven\">N-11<\/a> countries, in particular <a href=\"http:\/\/en.wikipedia.org\/wiki\/Turkey\" title=\"Turkey\">Turkey<\/a>, Mexico, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Indonesia\" title=\"Indonesia\">Indonesia<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Nigeria\" title=\"Nigeria\">Nigeria<\/a>, are seen as the most likely contenders to the BRICs. Some other developing countries that have not yet reached the N-11 economic level, such as <a href=\"http:\/\/en.wikipedia.org\/wiki\/South_Africa\" title=\"South Africa\">South Africa<\/a>, aspire to BRIC status. Economists at the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Reuters\" title=\"Reuters\">Reuters<\/a> 2011 Investment Outlook Summit, held on 6\u20137 December 2010, dismissed the notion of South Africa joining BRIC.<sup class=\"reference\" id=\"cite_ref-5\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-5\"><span>[<\/span>6<span>]<\/span><\/a><\/sup> Jim O&#8217;Neill told the summit that he was constantly being lobbied about BRIC status by various countries. He said that South Africa, at a population of under 50 million people, was just too small an economy to join the BRIC ranks.<sup class=\"reference\" id=\"cite_ref-6\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-6\"><span>[<\/span>7<span>]<\/span><\/a><\/sup> However, after the BRIC countries formed a political organization among themselves, they later expanded to include South Africa, becoming the <a href=\"http:\/\/en.wikipedia.org\/wiki\/BRICS\" title=\"BRICS\">BRICS<\/a>.<sup class=\"reference\" id=\"cite_ref-7\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-7\"><span>[<\/span>8<span>]<\/span><\/a><\/sup><\/p>\n<p> \t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Goldman_Sachs\" title=\"Goldman Sachs\">Goldman Sachs<\/a> has argued that, since the four BRIC countries are developing rapidly, by 2050 their combined economies could eclipse the combined economies of the current richest countries of the world. These four countries, combined, currently account for more than a quarter of the world&#8217;s land area and more than 40% of the <a href=\"http:\/\/en.wikipedia.org\/wiki\/World_population\" title=\"World population\">world&#8217;s population<\/a>.<sup class=\"reference\" id=\"cite_ref-8\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-8\"><span>[<\/span>9<span>]<\/span><\/a><\/sup><sup class=\"reference\" id=\"cite_ref-9\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-9\"><span>[<\/span>10<span>]<\/span><\/a><\/sup><\/p>\n<p> \tGoldman Sachs did not argue that the BRICs would organize themselves into an economic bloc, or a formal trading association, as the <a href=\"http:\/\/en.wikipedia.org\/wiki\/European_Union\" title=\"European Union\">European Union<\/a> has done.<sup class=\"reference\" id=\"cite_ref-10\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-10\"><span>[<\/span>11<span>]<\/span><\/a><\/sup> However, there are some indications that the &#8222;four BRIC countries have been seeking to form a &#8216;political &#8216; &#8216;alliance'&#8221;, and thereby converting &#8222;their growing economic power into greater geopolitical clout&#8221;.<sup class=\"reference\" id=\"cite_ref-11\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-11\"><span>[<\/span>12<span>]<\/span><\/a><\/sup><sup class=\"reference\" id=\"cite_ref-autogenerated1_12-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-autogenerated1-12\"><span>[<\/span>13<span>]<\/span><\/a><\/sup> On June 16, 2009, the leaders of the BRIC countries held their <a href=\"http:\/\/en.wikipedia.org\/wiki\/2009_BRIC_summit\" title=\"2009 BRIC summit\">first summit<\/a> in <a href=\"http:\/\/en.wikipedia.org\/wiki\/Yekaterinburg\" title=\"Yekaterinburg\">Yekaterinburg<\/a>, and issued a declaration calling for the establishment of an equitable, democratic and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Polarity_in_international_relations\" title=\"Polarity in international relations\">multipolar<\/a> <a href=\"http:\/\/en.wikipedia.org\/wiki\/New_world_order_%28politics%29\" title=\"New world order (politics)\">world order<\/a>. Since then they have <a href=\"http:\/\/en.wikipedia.org\/wiki\/2010_BRIC_summit\" title=\"2010 BRIC summit\">met<\/a> in <a href=\"http:\/\/en.wikipedia.org\/wiki\/Bras%C3%ADlia\" title=\"Bras\u00edlia\">Bras\u00edlia<\/a> in 2010 and <a href=\"http:\/\/en.wikipedia.org\/wiki\/2011_BRICS_summit\" title=\"2011 BRICS summit\">met<\/a> in <a href=\"http:\/\/en.wikipedia.org\/wiki\/Sanya\" title=\"Sanya\">Sanya<\/a> in 2011.<sup class=\"reference\" id=\"cite_ref-13\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-13\"><span>[<\/span>14<span>]<\/span><\/a><\/sup><\/p>\n<table class=\"toc\" id=\"toc\">\n<tbody>\n<tr>\n<td>\n<div id=\"toctitle\">\n<h2> \t\t\t\t\t\tContents<\/h2>\n<\/p><\/div>\n<ul>\n<li class=\"toclevel-1 tocsection-1\"> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#Thesis\"><span class=\"tocnumber\">1<\/span> <span class=\"toctext\">Thesis<\/span><\/a>\n<ul>\n<li class=\"toclevel-2 tocsection-2\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#.282003.29_Dreaming_with_BRICs:_The_Path_to_2050\"><span class=\"tocnumber\">1.1<\/span> <span class=\"toctext\">(2003) <i>Dreaming with BRICs: The Path to 2050<\/i><\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-3\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#.282004.29_Follow-up_report\"><span class=\"tocnumber\">1.2<\/span> <span class=\"toctext\">(2004) Follow-up report<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-4\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#.282007.29_Second_Follow-up_report\"><span class=\"tocnumber\">1.3<\/span> <span class=\"toctext\">(2007) <i>Second Follow-up report<\/i><\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-5\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#.282010.29_EM_Equity_in_Two_Decades:_A_Changing_Landscape\"><span class=\"tocnumber\">1.4<\/span> <span class=\"toctext\">(2010) <i>EM Equity in Two Decades: A Changing Landscape<\/i><\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"toclevel-1 tocsection-6\"> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#Statistics\"><span class=\"tocnumber\">2<\/span> <span class=\"toctext\">Statistics<\/span><\/a><\/li>\n<li class=\"toclevel-1 tocsection-7\"> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#History\"><span class=\"tocnumber\">3<\/span> <span class=\"toctext\">History<\/span><\/a>\n<ul>\n<li class=\"toclevel-2 tocsection-8\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#Marketing\"><span class=\"tocnumber\">3.1<\/span> <span class=\"toctext\">Marketing<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-9\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#International_Law\"><span class=\"tocnumber\">3.2<\/span> <span class=\"toctext\">International Law<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-10\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#Financial_diversification\"><span class=\"tocnumber\">3.3<\/span> <span class=\"toctext\">Financial diversification<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-11\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#Criticism\"><span class=\"tocnumber\">3.4<\/span> <span class=\"toctext\">Criticism<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"toclevel-1 tocsection-12\"> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#Proposed_inclusions\"><span class=\"tocnumber\">4<\/span> <span class=\"toctext\">Proposed inclusions<\/span><\/a>\n<ul>\n<li class=\"toclevel-2 tocsection-13\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#Mexico\"><span class=\"tocnumber\">4.1<\/span> <span class=\"toctext\">Mexico<\/span><\/a><\/li>\n<li class=\"toclevel-2 tocsection-14\"> \t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#South_Korea\"><span class=\"tocnumber\">4.2<\/span> <span class=\"toctext\">South Korea<\/span><\/a>\n<ul>\n<li class=\"toclevel-3 tocsection-15\"> \t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#United_Korea\"><span class=\"tocnumber\">4.2.1<\/span> <span class=\"toctext\">United Korea<\/span><\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toclevel-1 tocsection-16\"> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#See_also\"><span class=\"tocnumber\">5<\/span> <span class=\"toctext\">See also<\/span><\/a><\/li>\n<li class=\"toclevel-1 tocsection-17\"> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#References\"><span class=\"tocnumber\">6<\/span> <span class=\"toctext\">References<\/span><\/a><\/li>\n<li class=\"toclevel-1 tocsection-18\"> \t\t\t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#Bibliography\"><span class=\"tocnumber\">7<\/span> <span class=\"toctext\">Bibliography<\/span><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2> \t<span class=\"mw-headline\" id=\"Thesis\">Thesis<\/span><\/h2>\n<div class=\"thumb tright\">\n<div class=\"thumbinner\" style=\"width:202px;\"> \t\t<a class=\"image\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3AWorld_Debate_-_Jim_O%27Neill.png\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1621\" alt=\"\" class=\"thumbimage\" height=\"188\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/200px-World_Debate_-_Jim_O%27Neill.png\" width=\"200\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3AWorld_Debate_-_Jim_O%27Neill.png\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\tEconomist <a href=\"http:\/\/en.wikipedia.org\/wiki\/Jim_O%27Neill\" title=\"Jim O'Neill\">Jim O&#8217;Neill<\/a> who proposed the idea of BRIC countries.<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"thumb tright\">\n<div class=\"thumbinner\" style=\"width:227px;\"> \t\t<a class=\"image\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:Ponte_Oct%C3%A1vio_Frias_no_Brooklin,_S%C3%A3o_Paulo_%28SP%29.jpg\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"thumbimage\" height=\"150\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/5\/57\/Ponte_Oct%C3%A1vio_Frias_no_Brooklin%2C_S%C3%A3o_Paulo_%28SP%29.jpg\/225px-Ponte_Oct%C3%A1vio_Frias_no_Brooklin%2C_S%C3%A3o_Paulo_%28SP%29.jpg\" width=\"225\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:Ponte_Oct%C3%A1vio_Frias_no_Brooklin,_S%C3%A3o_Paulo_%28SP%29.jpg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/S%C3%A3o_Paulo\" title=\"S\u00e3o Paulo\">S\u00e3o Paulo<\/a>, Brazil<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"thumb tright\">\n<div class=\"thumbinner\" style=\"width:227px;\"> \t\t<a class=\"image\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:MoscowHighRiseNight.jpg\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"thumbimage\" height=\"127\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/a\/a2\/MoscowHighRiseNight.jpg\/225px-MoscowHighRiseNight.jpg\" width=\"225\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:MoscowHighRiseNight.jpg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Moscow\" title=\"Moscow\">Moscow<\/a>, Russia<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"thumb tright\">\n<div class=\"thumbinner\" style=\"width:227px;\"> \t\t<a class=\"image\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3AShanghaiviewpic1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1624\" alt=\"\" class=\"thumbimage\" height=\"149\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/225px-Shanghaiviewpic1.jpg\" width=\"225\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3AShanghaiviewpic1.jpg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Shanghai\" title=\"Shanghai\">Shanghai<\/a>, China<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"thumb tright\">\n<div class=\"thumbinner\" style=\"width:227px;\"> \t\t<a class=\"image\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:Mumbai_skyline88907.jpg\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"thumbimage\" height=\"178\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/6\/66\/Mumbai_skyline88907.jpg\/225px-Mumbai_skyline88907.jpg\" width=\"225\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:Mumbai_skyline88907.jpg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Mumbai\" title=\"Mumbai\">Mumbai<\/a>, India<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> \tGoldman Sachs argues that the economic potential of <a href=\"http:\/\/en.wikipedia.org\/wiki\/Economy_of_Brazil\" title=\"Economy of Brazil\">Brazil<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Economy_of_Russia\" title=\"Economy of Russia\">Russia<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Economy_of_India\" title=\"Economy of India\">India<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Economy_of_the_People%27s_Republic_of_China\" title=\"Economy of the People's Republic of China\">China<\/a> is such that they could become among the four most dominant economies by the year 2050. The thesis was proposed by <a href=\"http:\/\/en.wikipedia.org\/wiki\/Jim_O%27Neill_%28economist%29\" title=\"Jim O'Neill (economist)\">Jim O&#8217;Neill<\/a>, global economist at Goldman Sachs.<sup class=\"reference\" id=\"cite_ref-14\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-14\"><span>[<\/span>15<span>]<\/span><\/a><\/sup> These countries encompass over 25% of the world&#8217;s land coverage and 40% of the world&#8217;s population and hold a combined <a href=\"http:\/\/en.wikipedia.org\/wiki\/Gross_domestic_product\" title=\"Gross domestic product\">GDP<\/a> (PPP) of 18.486 trillion dollars. On almost every scale, they would be the largest entity on the global stage. These four countries are among the biggest and fastest growing <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Emerging_market\" title=\"Emerging market\">emerging markets<\/a>.{Incal 2011}<\/p>\n<p> \tHowever, it is not the intent of Goldman Sachs to argue that these four countries are a political alliance (such as the <a href=\"http:\/\/en.wikipedia.org\/wiki\/European_Union\" title=\"European Union\">European Union<\/a>) or any formal trading association, like <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/ASEAN\" title=\"ASEAN\">ASEAN<\/a>. Nevertheless, they have taken steps to increase their political cooperation, mainly as a way of influencing the <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States\" title=\"United States\">United States<\/a> position on major trade accords, or, through the implicit threat of political cooperation, as a way of extracting political concessions from the United States, such as the proposed nuclear cooperation with India.<sup class=\"Template-Fact\" style=\"white-space:nowrap;\">[<i><a href=\"http:\/\/en.wikipedia.org\/wiki\/Wikipedia:Citation_needed\" title=\"Wikipedia:Citation needed\"><span title=\"This claim needs references to reliable sources from September 2009\">citation needed<\/span><\/a><\/i>]<\/sup><\/p>\n<h3> \t<span class=\"mw-headline\" id=\".282003.29_Dreaming_with_BRICs:_The_Path_to_2050\">(2003) <i>Dreaming with BRICs: The Path to 2050<\/i><\/span><\/h3>\n<p> \tThe BRIC thesis recognizes that Brazil, Russia, India and China<sup class=\"reference\" id=\"cite_ref-15\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-15\"><span>[<\/span>16<span>]<\/span><\/a><\/sup> have changed their political systems to embrace global <a href=\"http:\/\/en.wikipedia.org\/wiki\/Capitalism\" title=\"Capitalism\">capitalism<\/a>. Goldman Sachs predicts that China and India, respectively, will become the dominant global suppliers of <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Manufactured_good\" title=\"Manufactured good\">manufactured goods<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Service_%28economics%29\" title=\"Service (economics)\">services<\/a>, while Brazil and Russia will become similarly dominant as suppliers of raw materials. Of the four countries, Brazil remains the only <a href=\"http:\/\/en.wikipedia.org\/wiki\/Polity\" title=\"Polity\">polity<\/a> that has the capacity to continue all elements, meaning manufacturing, services, and resource supplying simultaneously. Cooperation is thus hypothesized to be a logical next step among the BRICs because Brazil and Russia together form the logical commodity suppliers.<\/p>\n<h3> \t<span class=\"mw-headline\" id=\".282004.29_Follow-up_report\">(2004) Follow-up report<\/span><\/h3>\n<p> \tThe <a href=\"http:\/\/en.wikipedia.org\/wiki\/Goldman_Sachs\" title=\"Goldman Sachs\">Goldman Sachs<\/a> global economics team released a follow-up report to its initial BRIC study in 2004.<sup class=\"reference\" id=\"cite_ref-16\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-16\"><span>[<\/span>17<span>]<\/span><\/a><\/sup> The report states that in BRIC nations, the number of people with an annual income over a threshold of $3,000, will double in number within three years and reach 800 million people within a decade. This predicts a massive rise in the size of the middle class in these nations. In 2025, it is calculated that the number of people in BRIC nations earning over $15,000 may reach over 200 million. This indicates that a huge pickup in demand will not be restricted to basic goods but impact higher-priced goods as well. According to the report, first China and then a decade later India will begin to dominate the world economy.<\/p>\n<p> \tYet despite the balance of growth, swinging so decisively towards the BRIC economies, the average wealth level of individuals in the more <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Developed_countries\" title=\"Developed countries\">advanced economies<\/a> will continue to far outstrip the BRIC economic average.<\/p>\n<p> \tThe report also highlights India&#8217;s great inefficiency in <a href=\"http:\/\/en.wikipedia.org\/wiki\/Energy\" title=\"Energy\">energy<\/a> use and mentions the dramatic under-representation of these economies in the global <a href=\"http:\/\/en.wikipedia.org\/wiki\/Capital_market\" title=\"Capital market\">capital markets<\/a>. The report also emphasizes the enormous populations that exist within the BRIC nations, which makes it relatively easy for their aggregate wealth to eclipse the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Group_of_Six\" title=\"Group of Six\">G6<\/a>, while per-capita income levels remain far below the norm of today&#8217;s <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Industrialized_countries\" title=\"Industrialized countries\">industrialized countries<\/a>. This phenomenon, too, will affect world markets as multinational corporations will attempt to take advantage of the enormous potential markets in the BRICs by producing, for example, far cheaper <a href=\"http:\/\/en.wikipedia.org\/wiki\/Automobile\" title=\"Automobile\">automobiles<\/a> and other manufactured goods affordable to the consumers within the BRICs in lieu of the luxury models that currently bring the most income to automobile manufacturers. India and China have already started making their presence felt in the service and manufacturing sector respectively in the global arena. Developed economies of the world have already taken serious note of this fact.<\/p>\n<h3> \t<span class=\"mw-headline\" id=\".282007.29_Second_Follow-up_report\">(2007) <i>Second Follow-up report<\/i><\/span><\/h3>\n<p> \tThis report compiled by lead authors Tushar Poddar and Eva Yi gives insight into &#8222;India&#8217;s Rising Growth Potential&#8221;. It reveals updated projection figures attributed to the rising growth trends in India over the last four years. Goldman Sachs assert that &#8222;India&#8217;s influence on the world economy will be bigger and quicker than implied in our previously published BRICs research&#8221;. They noted significant areas of research and development, and expansion that is happening in the country, which will lead to the prosperity of the growing middle-class.<sup class=\"reference\" id=\"cite_ref-India.27s_Rising_Growth_Potential_17-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-India.27s_Rising_Growth_Potential-17\"><span>[<\/span>18<span>]<\/span><\/a><\/sup><\/p>\n<blockquote class=\"templatequote\">\n<div class=\"Bug6200\"> \t\tIndia has 10 of the 30 fastest-growing urban areas in the world and, based on current trends, we estimate a massive 700 million people will move to cities by 2050. This will have significant implications for demand for urban infrastructure, real estate, and services.<\/div>\n<div class=\"templatequotecite\"> \t\t\u2014<sup class=\"reference\" id=\"cite_ref-India.27s_Rising_Growth_Potential_17-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-India.27s_Rising_Growth_Potential-17\"><span>[<\/span>18<span>]<\/span><\/a><\/sup><\/div>\n<\/blockquote>\n<p> \tIn the revised 2007 figures, based on increased and sustaining growth, more inflows into foreign direct investment, Goldman Sachs predicts that &#8222;from 2007 to 2020, India&#8217;s GDP per capita in US$ terms will quadruple&#8221;, and that the Indian economy will surpass the <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States\" title=\"United States\">United States<\/a> (in US$) by 2043.<sup class=\"reference\" id=\"cite_ref-India.27s_Rising_Growth_Potential_17-2\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-India.27s_Rising_Growth_Potential-17\"><span>[<\/span>18<span>]<\/span><\/a><\/sup><\/p>\n<h3> \t<span class=\"mw-headline\" id=\".282010.29_EM_Equity_in_Two_Decades:_A_Changing_Landscape\">(2010) <i>EM Equity in Two Decades: A Changing Landscape<\/i><\/span><\/h3>\n<p> \tAccording to a 2010 report from Goldman Sachs, China might surpass the US in equity market capitalization terms by 2030 and become the single largest equity market in the world.<sup class=\"reference\" id=\"cite_ref-18\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-18\"><span>[<\/span>19<span>]<\/span><\/a><\/sup> By 2020, America&#8217;s GDP might be only slightly larger than China&#8217;s GDP. Together, the four BRICs may account for 41% of the world&#8217;s market capitalization by 2030, the report said.<sup class=\"reference\" id=\"cite_ref-19\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-19\"><span>[<\/span>20<span>]<\/span><\/a><\/sup><\/p>\n<p> \tIn late 2010, China surpassed Japan&#8217;s GDP for the first time, with China&#8217;s GDP standing at $5.88 trillion compared to Japan&#8217;s $5.47 trillion. China thus became the world&#8217;s second-largest economy after the United States.<sup class=\"reference\" id=\"cite_ref-20\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-20\"><span>[<\/span>21<span>]<\/span><\/a><\/sup><\/p>\n<p> \tBased on a <a href=\"http:\/\/en.wikipedia.org\/wiki\/Forbes\" title=\"Forbes\">Forbes<\/a> report released in March 2011, the BRIC countries numbered 301 <a href=\"http:\/\/en.wikipedia.org\/wiki\/Billionaire\" title=\"Billionaire\">billionaires<\/a> among their combined populations, exceeding the number of billionaires in Europe, which stood at 300 in 2011.<sup class=\"reference\" id=\"cite_ref-21\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-21\"><span>[<\/span>22<span>]<\/span><\/a><\/sup><\/p>\n<h2> \t<span class=\"mw-headline\" id=\"Statistics\">Statistics<\/span><\/h2>\n<div class=\"thumb tright\">\n<div class=\"thumbinner\" style=\"width:222px;\"> \t\t<a class=\"image\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:Historical_top_10_nominal_GDP_proportion.svg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1625\" alt=\"\" class=\"thumbimage\" height=\"220\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/220px-Historical_top_10_nominal_GDP_proportion.svg.png\" width=\"220\" srcset=\"https:\/\/site.noi3.org\/wp-content\/uploads\/2012\/05\/220px-Historical_top_10_nominal_GDP_proportion.svg.png 220w, https:\/\/site.noi3.org\/wp-content\/uploads\/2012\/05\/220px-Historical_top_10_nominal_GDP_proportion.svg-150x150.png 150w, https:\/\/site.noi3.org\/wp-content\/uploads\/2012\/05\/220px-Historical_top_10_nominal_GDP_proportion.svg-100x100.png 100w\" sizes=\"auto, (max-width: 220px) 100vw, 220px\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:Historical_top_10_nominal_GDP_proportion.svg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\tProportion of world (countries with data) nominal GDP for the countries with the top 10 highest nominal GDP in 2010, from 1980 to 2010 with IMF projections until 2016. Countries marked with an asterisk are non-G8 countries China, Brazil and India. Grey lines show actual US dollar values.<sup class=\"reference\" id=\"cite_ref-22\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-22\"><span>[<\/span>23<span>]<\/span><\/a><\/sup><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t<i><a href=\"http:\/\/en.wikipedia.org\/wiki\/The_Economist\" title=\"The Economist\">The Economist<\/a><\/i> publishes an annual table of socio-economic national statistics in its <i>Pocket World in Figures<\/i>.<sup class=\"Template-Fact\" style=\"white-space:nowrap;\">[<i><a href=\"http:\/\/en.wikipedia.org\/wiki\/Wikipedia:Citation_needed\" title=\"Wikipedia:Citation needed\"><span title=\"This claim needs references to reliable sources from September 2009\">citation needed<\/span><\/a><\/i>]<\/sup> Extrapolating the global rankings from their 2008 Edition for the BRIC countries and economies in relation to various categories provides an interesting touchstone in relation to the economic underpinnings of the BRIC thesis. It also illustrates how, despite their divergent economic bases, the economic indicators are remarkably similar in global rankings between the different economies. It also suggests that, while economic arguments can be made for linking Mexico into the BRIC thesis, the case for including South Korea looks considerably weaker.<\/p>\n<p> \tA <a href=\"http:\/\/en.wikipedia.org\/wiki\/Goldman_Sachs\" title=\"Goldman Sachs\">Goldman Sachs<\/a> paper published later in December 2005 explained why Mexico was not included in the original BRICs.<sup class=\"reference\" id=\"cite_ref-Ref-1_4-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-Ref-1-4\"><span>[<\/span>5<span>]<\/span><\/a><\/sup><\/p>\n<table class=\"wikitable sortable\" style=\"text-align:center;\">\n<caption> \t\tStatistics<\/caption>\n<tbody>\n<tr>\n<th style=\"width:210px;\"> \t\t\t\tCategories<\/th>\n<th style=\"width:100px;\"> \t\t\t\tBrazil<\/th>\n<th style=\"width:100px;\"> \t\t\t\tRussia<\/th>\n<th style=\"width:100px;\"> \t\t\t\tIndia<\/th>\n<th style=\"width:100px;\"> \t\t\t\tChina<\/th>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_and_outlying_territories_by_total_area\" title=\"List of countries and outlying territories by total area\">Area<\/a><\/th>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<td> \t\t\t\t7th<\/td>\n<td> \t\t\t\t3rd<\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_population\" title=\"List of countries by population\">Population<\/a><\/th>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t9th<\/td>\n<td> \t\t\t\t2nd<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_population_growth_rate\" title=\"List of countries by population growth rate\">Population growth rate<\/a><\/th>\n<td> \t\t\t\t107th<\/td>\n<td> \t\t\t\t221st<\/td>\n<td> \t\t\t\t<b>90th<\/b><\/td>\n<td> \t\t\t\t156th<\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_labour_force\" title=\"List of countries by labour force\">Labour force<\/a><\/th>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t7th<\/td>\n<td> \t\t\t\t2nd<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_%28nominal%29\" title=\"List of countries by GDP (nominal)\">GDP (nominal)<\/a><\/th>\n<td> \t\t\t\t7th<\/td>\n<td> \t\t\t\t11th<\/td>\n<td> \t\t\t\t9th<\/td>\n<td> \t\t\t\t<b>2nd<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_%28PPP%29\" title=\"List of countries by GDP (PPP)\">GDP (PPP)<\/a><\/th>\n<td> \t\t\t\t7th<\/td>\n<td> \t\t\t\t6th<\/td>\n<td> \t\t\t\t3rd<\/td>\n<td> \t\t\t\t<b>2nd<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_%28nominal%29_per_capita\" title=\"List of countries by GDP (nominal) per capita\">GDP (nominal) per capita<\/a><\/th>\n<td> \t\t\t\t55th<\/td>\n<td> \t\t\t\t<b>54th<\/b><\/td>\n<td> \t\t\t\t137th<\/td>\n<td> \t\t\t\t95th<\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_%28PPP%29_per_capita\" title=\"List of countries by GDP (PPP) per capita\">GDP (PPP) per capita<\/a><\/th>\n<td> \t\t\t\t71st<\/td>\n<td> \t\t\t\t<b>51st<\/b><\/td>\n<td> \t\t\t\t127th<\/td>\n<td> \t\t\t\t93rd<\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_real_GDP_growth_rate\" title=\"List of countries by real GDP growth rate\">GDP (real) growth rate<\/a><\/th>\n<td> \t\t\t\t15th<\/td>\n<td> \t\t\t\t88th<\/td>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t<b>6th<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_Human_Development_Index\" title=\"List of countries by Human Development Index\">Human Development Index<\/a><\/th>\n<td> \t\t\t\t73rd<\/td>\n<td> \t\t\t\t<b>65th<\/b><\/td>\n<td> \t\t\t\t119th<\/td>\n<td> \t\t\t\t89th<\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_exports\" title=\"List of countries by exports\">Exports<\/a><\/th>\n<td> \t\t\t\t18th<\/td>\n<td> \t\t\t\t9th<\/td>\n<td> \t\t\t\t14th<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_imports\" title=\"List of countries by imports\">Imports<\/a><\/th>\n<td> \t\t\t\t19th<\/td>\n<td> \t\t\t\t17th<\/td>\n<td> \t\t\t\t11th<\/td>\n<td> \t\t\t\t<b>2nd<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_current_account_balance\" title=\"List of countries by current account balance\">Current account balance<\/a><\/th>\n<td> \t\t\t\t47th<\/td>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t169th<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_received_FDI\" title=\"List of countries by received FDI\">Received FDI<\/a><\/th>\n<td> \t\t\t\t11th<\/td>\n<td> \t\t\t\t12th<\/td>\n<td> \t\t\t\t29th<\/td>\n<td> \t\t\t\t<b>5th<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_foreign_exchange_reserves\" title=\"List of countries by foreign exchange reserves\">Foreign exchange reserves<\/a><\/th>\n<td> \t\t\t\t7th<\/td>\n<td> \t\t\t\t3rd<\/td>\n<td> \t\t\t\t6th<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_external_debt\" title=\"List of countries by external debt\">External debt<\/a><\/th>\n<td> \t\t\t\t<b>28th<\/b><\/td>\n<td> \t\t\t\t24th<\/td>\n<td> \t\t\t\t26th<\/td>\n<td> \t\t\t\t23rd<\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_public_debt\" title=\"List of countries by public debt\">Public debt<\/a><\/th>\n<td> \t\t\t\t47th<\/td>\n<td> \t\t\t\t<b>122nd<\/b><\/td>\n<td> \t\t\t\t29th<\/td>\n<td> \t\t\t\t98th<\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_electricity_consumption\" title=\"List of countries by electricity consumption\">Electricity consumption<\/a><\/th>\n<td> \t\t\t\t9th<\/td>\n<td> \t\t\t\t4th<\/td>\n<td> \t\t\t\t3rd<\/td>\n<td> \t\t\t\t<b>2nd<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_electricity_production_from_renewable_sources\" title=\"List of countries by electricity production from renewable sources\">Renewable energy source<\/a><\/th>\n<td> \t\t\t\t3rd<\/td>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t6th<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_number_of_mobile_phones_in_use\" title=\"List of countries by number of mobile phones in use\">Number of mobile phones<\/a><\/th>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t4th<\/td>\n<td> \t\t\t\t2nd<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_number_of_Internet_users\" title=\"List of countries by number of Internet users\">Number of internet users<\/a><\/th>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t7th<\/td>\n<td> \t\t\t\t4th<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_motor_vehicle_production\" title=\"List of countries by motor vehicle production\">Motor vehicle production<\/a><\/th>\n<td> \t\t\t\t7th<\/td>\n<td> \t\t\t\t19th<\/td>\n<td> \t\t\t\t6th<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_military_expenditures\" title=\"List of countries by military expenditures\">Military expenditures<\/a><\/th>\n<td> \t\t\t\t12th<\/td>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t10th<\/td>\n<td> \t\t\t\t<b>2nd<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_number_of_troops\" title=\"List of countries by number of troops\">Active troops<\/a><\/th>\n<td> \t\t\t\t14th<\/td>\n<td> \t\t\t\t5th<\/td>\n<td> \t\t\t\t3rd<\/td>\n<td> \t\t\t\t<b>1st<\/b><\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_rail_transport_network_size\" title=\"List of countries by rail transport network size\">Rail network<\/a><\/th>\n<td> \t\t\t\t10th<\/td>\n<td> \t\t\t\t<b>2nd<\/b><\/td>\n<td> \t\t\t\t4th<\/td>\n<td> \t\t\t\t3rd<\/td>\n<\/tr>\n<tr>\n<th> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_road_network_size\" title=\"List of countries by road network size\">Road network<\/a><\/th>\n<td> \t\t\t\t4th<\/td>\n<td> \t\t\t\t8th<\/td>\n<td> \t\t\t\t3rd<\/td>\n<td> \t\t\t\t<b>2nd<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"thumb tleft\">\n<div class=\"thumbinner\" style=\"width:802px;\"> \t\t<a class=\"image\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3ATop_five_largest_economies_in_2050.jpg\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"thumbimage\" height=\"355\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/en\/thumb\/7\/79\/Top_five_largest_economies_in_2050.jpg\/800px-Top_five_largest_economies_in_2050.jpg\" width=\"800\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3ATop_five_largest_economies_in_2050.jpg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\tThe ten largest economies in the world in 2050, measured in GDP (billions of 2006 USD), according to <a href=\"http:\/\/en.wikipedia.org\/wiki\/Goldman_Sachs\" title=\"Goldman Sachs\">Goldman Sachs<\/a><sup class=\"reference\" id=\"cite_ref-N11_23-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-N11-23\"><span>[<\/span>24<span>]<\/span><\/a><\/sup><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<table class=\"wikitable sortable\">\n<caption> \t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Gross_Domestic_Product\" title=\"Gross Domestic Product\">Gross Domestic Product<\/a> in 2006 US$ billions<sup class=\"reference\" id=\"cite_ref-N11_23-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-N11-23\"><span>[<\/span>24<span>]<\/span><\/a><\/sup><\/caption>\n<tbody>\n<tr>\n<th> \t\t\t\tRank 2050<\/th>\n<th> \t\t\t\tCountry<\/th>\n<th> \t\t\t\t2050<\/th>\n<th> \t\t\t\t2045<\/th>\n<th> \t\t\t\t2040<\/th>\n<th> \t\t\t\t2035<\/th>\n<th> \t\t\t\t2030<\/th>\n<th> \t\t\t\t2025<\/th>\n<th> \t\t\t\t2020<\/th>\n<th> \t\t\t\t2015<\/th>\n<th> \t\t\t\t2010<\/th>\n<th> \t\t\t\t2006<\/th>\n<\/tr>\n<tr bgcolor=\"#DEDEDE\">\n<td> \t\t\t\t<b>1<\/b><\/td>\n<td> \t\t\t\t<b>China<\/b><\/td>\n<td> \t\t\t\t<b>70,710<\/b><\/td>\n<td> \t\t\t\t57,310<\/td>\n<td> \t\t\t\t45,022<\/td>\n<td> \t\t\t\t34,348<\/td>\n<td> \t\t\t\t25,610<\/td>\n<td> \t\t\t\t18,437<\/td>\n<td> \t\t\t\t12,630<\/td>\n<td> \t\t\t\t8,133<\/td>\n<td> \t\t\t\t4,667<\/td>\n<td> \t\t\t\t2,682<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t2<\/td>\n<td> \t\t\t\tUnited States<\/td>\n<td> \t\t\t\t38,514<\/td>\n<td> \t\t\t\t33,904<\/td>\n<td> \t\t\t\t29,823<\/td>\n<td> \t\t\t\t26,097<\/td>\n<td> \t\t\t\t22,817<\/td>\n<td> \t\t\t\t20,087<\/td>\n<td> \t\t\t\t17,978<\/td>\n<td> \t\t\t\t16,194<\/td>\n<td> \t\t\t\t14,535<\/td>\n<td> \t\t\t\t13,245<\/td>\n<\/tr>\n<tr bgcolor=\"#DEDEDE\">\n<td> \t\t\t\t<b>3<\/b><\/td>\n<td> \t\t\t\t<b>India<\/b><\/td>\n<td> \t\t\t\t<b>37,668<\/b><\/td>\n<td> \t\t\t\t25,278<\/td>\n<td> \t\t\t\t16,510<\/td>\n<td> \t\t\t\t10,514<\/td>\n<td> \t\t\t\t6,683<\/td>\n<td> \t\t\t\t4,316<\/td>\n<td> \t\t\t\t2,848<\/td>\n<td> \t\t\t\t1,900<\/td>\n<td> \t\t\t\t1,256<\/td>\n<td> \t\t\t\t909<\/td>\n<\/tr>\n<tr bgcolor=\"#DEDEDE\">\n<td> \t\t\t\t<b>4<\/b><\/td>\n<td> \t\t\t\t<b>Brazil<\/b><\/td>\n<td> \t\t\t\t<b>11,366<\/b><\/td>\n<td> \t\t\t\t8,740<\/td>\n<td> \t\t\t\t6,631<\/td>\n<td> \t\t\t\t4,963<\/td>\n<td> \t\t\t\t3,720<\/td>\n<td> \t\t\t\t2,831<\/td>\n<td> \t\t\t\t2,194<\/td>\n<td> \t\t\t\t1,720<\/td>\n<td> \t\t\t\t1,346<\/td>\n<td> \t\t\t\t1,064<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t<b>5<\/b><\/td>\n<td> \t\t\t\tMexico<\/td>\n<td> \t\t\t\t9,340<\/td>\n<td> \t\t\t\t7,204<\/td>\n<td> \t\t\t\t5,471<\/td>\n<td> \t\t\t\t4,102<\/td>\n<td> \t\t\t\t3,068<\/td>\n<td> \t\t\t\t2,303<\/td>\n<td> \t\t\t\t1,742<\/td>\n<td> \t\t\t\t1,327<\/td>\n<td> \t\t\t\t1,009<\/td>\n<td> \t\t\t\t851<\/td>\n<\/tr>\n<tr bgcolor=\"#DEDEDE\">\n<td> \t\t\t\t<b>6<\/b><\/td>\n<td> \t\t\t\t<b>Russia<\/b><\/td>\n<td> \t\t\t\t<b>8,580<\/b><\/td>\n<td> \t\t\t\t7,420<\/td>\n<td> \t\t\t\t6,320<\/td>\n<td> \t\t\t\t5,265<\/td>\n<td> \t\t\t\t4,265<\/td>\n<td> \t\t\t\t3,341<\/td>\n<td> \t\t\t\t2,554<\/td>\n<td> \t\t\t\t1,900<\/td>\n<td> \t\t\t\t1,371<\/td>\n<td> \t\t\t\t982<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t7<\/td>\n<td> \t\t\t\tIndonesia<\/td>\n<td> \t\t\t\t7,010<\/td>\n<td> \t\t\t\t4,846<\/td>\n<td> \t\t\t\t3,286<\/td>\n<td> \t\t\t\t2,192<\/td>\n<td> \t\t\t\t1,479<\/td>\n<td> \t\t\t\t1,033<\/td>\n<td> \t\t\t\t752<\/td>\n<td> \t\t\t\t562<\/td>\n<td> \t\t\t\t419<\/td>\n<td> \t\t\t\t350<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t8<\/td>\n<td> \t\t\t\tJapan<\/td>\n<td> \t\t\t\t6,677<\/td>\n<td> \t\t\t\t6,300<\/td>\n<td> \t\t\t\t6,042<\/td>\n<td> \t\t\t\t5,886<\/td>\n<td> \t\t\t\t5,814<\/td>\n<td> \t\t\t\t5,570<\/td>\n<td> \t\t\t\t5,224<\/td>\n<td> \t\t\t\t4,861<\/td>\n<td> \t\t\t\t4,604<\/td>\n<td> \t\t\t\t4,336<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t9<\/td>\n<td> \t\t\t\tUnited Kingdom<\/td>\n<td> \t\t\t\t5,133<\/td>\n<td> \t\t\t\t4,744<\/td>\n<td> \t\t\t\t4,344<\/td>\n<td> \t\t\t\t3,937<\/td>\n<td> \t\t\t\t3,595<\/td>\n<td> \t\t\t\t3,333<\/td>\n<td> \t\t\t\t3,101<\/td>\n<td> \t\t\t\t2,835<\/td>\n<td> \t\t\t\t2,546<\/td>\n<td> \t\t\t\t2,310<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t10<\/td>\n<td> \t\t\t\tGermany<\/td>\n<td> \t\t\t\t5,024<\/td>\n<td> \t\t\t\t4,714<\/td>\n<td> \t\t\t\t4,388<\/td>\n<td> \t\t\t\t4,048<\/td>\n<td> \t\t\t\t3,761<\/td>\n<td> \t\t\t\t3,631<\/td>\n<td> \t\t\t\t3,519<\/td>\n<td> \t\t\t\t3,326<\/td>\n<td> \t\t\t\t3,083<\/td>\n<td> \t\t\t\t2,851<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t11<\/td>\n<td> \t\t\t\tNigeria<\/td>\n<td> \t\t\t\t4,640<\/td>\n<td> \t\t\t\t2,870<\/td>\n<td> \t\t\t\t1,765<\/td>\n<td> \t\t\t\t1,083<\/td>\n<td> \t\t\t\t680<\/td>\n<td> \t\t\t\t445<\/td>\n<td> \t\t\t\t306<\/td>\n<td> \t\t\t\t218<\/td>\n<td> \t\t\t\t158<\/td>\n<td> \t\t\t\t121<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t12<\/td>\n<td> \t\t\t\tFrance<\/td>\n<td> \t\t\t\t4,592<\/td>\n<td> \t\t\t\t4,227<\/td>\n<td> \t\t\t\t3,892<\/td>\n<td> \t\t\t\t3,567<\/td>\n<td> \t\t\t\t3,306<\/td>\n<td> \t\t\t\t3,055<\/td>\n<td> \t\t\t\t2,815<\/td>\n<td> \t\t\t\t2,577<\/td>\n<td> \t\t\t\t2,366<\/td>\n<td> \t\t\t\t2,194<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t13<\/td>\n<td> \t\t\t\tSouth Korea<\/td>\n<td> \t\t\t\t4,083<\/td>\n<td> \t\t\t\t3,562<\/td>\n<td> \t\t\t\t3,089<\/td>\n<td> \t\t\t\t2,644<\/td>\n<td> \t\t\t\t2,241<\/td>\n<td> \t\t\t\t1,861<\/td>\n<td> \t\t\t\t1,508<\/td>\n<td> \t\t\t\t1,305<\/td>\n<td> \t\t\t\t1,071<\/td>\n<td> \t\t\t\t887<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t14<\/td>\n<td> \t\t\t\tTurkey<\/td>\n<td> \t\t\t\t3,943<\/td>\n<td> \t\t\t\t3,033<\/td>\n<td> \t\t\t\t2,300<\/td>\n<td> \t\t\t\t1,716<\/td>\n<td> \t\t\t\t1,279<\/td>\n<td> \t\t\t\t965<\/td>\n<td> \t\t\t\t740<\/td>\n<td> \t\t\t\t572<\/td>\n<td> \t\t\t\t440<\/td>\n<td> \t\t\t\t390<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t15<\/td>\n<td> \t\t\t\tVietnam<\/td>\n<td> \t\t\t\t3,607<\/td>\n<td> \t\t\t\t2,569<\/td>\n<td> \t\t\t\t1,768<\/td>\n<td> \t\t\t\t1,169<\/td>\n<td> \t\t\t\t745<\/td>\n<td> \t\t\t\t458<\/td>\n<td> \t\t\t\t273<\/td>\n<td> \t\t\t\t157<\/td>\n<td> \t\t\t\t88<\/td>\n<td> \t\t\t\t55<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t16<\/td>\n<td> \t\t\t\tCanada<\/td>\n<td> \t\t\t\t3,149<\/td>\n<td> \t\t\t\t2,849<\/td>\n<td> \t\t\t\t2,569<\/td>\n<td> \t\t\t\t2,302<\/td>\n<td> \t\t\t\t2,061<\/td>\n<td> \t\t\t\t1,856<\/td>\n<td> \t\t\t\t1,700<\/td>\n<td> \t\t\t\t1,549<\/td>\n<td> \t\t\t\t1,389<\/td>\n<td> \t\t\t\t1,260<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t17<\/td>\n<td> \t\t\t\tPakistan<\/td>\n<td> \t\t\t\t3,070<\/td>\n<td> \t\t\t\t2,085<\/td>\n<td> \t\t\t\t1,472<\/td>\n<td> \t\t\t\t1,026<\/td>\n<td> \t\t\t\t709<\/td>\n<td> \t\t\t\t497<\/td>\n<td> \t\t\t\t359<\/td>\n<td> \t\t\t\t268<\/td>\n<td> \t\t\t\t161<\/td>\n<td> \t\t\t\t129<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t18<\/td>\n<td> \t\t\t\tPhilippines<\/td>\n<td> \t\t\t\t3,010<\/td>\n<td> \t\t\t\t2,040<\/td>\n<td> \t\t\t\t1,353<\/td>\n<td> \t\t\t\t882<\/td>\n<td> \t\t\t\t582<\/td>\n<td> \t\t\t\t400<\/td>\n<td> \t\t\t\t289<\/td>\n<td> \t\t\t\t215<\/td>\n<td> \t\t\t\t162<\/td>\n<td> \t\t\t\t117<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t19<\/td>\n<td> \t\t\t\tItaly<\/td>\n<td> \t\t\t\t2,950<\/td>\n<td> \t\t\t\t2,737<\/td>\n<td> \t\t\t\t2,559<\/td>\n<td> \t\t\t\t2,444<\/td>\n<td> \t\t\t\t2,391<\/td>\n<td> \t\t\t\t2,326<\/td>\n<td> \t\t\t\t2,224<\/td>\n<td> \t\t\t\t2,072<\/td>\n<td> \t\t\t\t1,914<\/td>\n<td> \t\t\t\t1,809<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t20<\/td>\n<td> \t\t\t\tIran<\/td>\n<td> \t\t\t\t2,663<\/td>\n<td> \t\t\t\t2,133<\/td>\n<td> \t\t\t\t1,673<\/td>\n<td> \t\t\t\t1,273<\/td>\n<td> \t\t\t\t953<\/td>\n<td> \t\t\t\t716<\/td>\n<td> \t\t\t\t544<\/td>\n<td> \t\t\t\t415<\/td>\n<td> \t\t\t\t312<\/td>\n<td> \t\t\t\t245<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t21<\/td>\n<td> \t\t\t\tEgypt<\/td>\n<td> \t\t\t\t2,602<\/td>\n<td> \t\t\t\t1,728<\/td>\n<td> \t\t\t\t1,124<\/td>\n<td> \t\t\t\t718<\/td>\n<td> \t\t\t\t467<\/td>\n<td> \t\t\t\t318<\/td>\n<td> \t\t\t\t229<\/td>\n<td> \t\t\t\t171<\/td>\n<td> \t\t\t\t129<\/td>\n<td> \t\t\t\t101<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t22<\/td>\n<td> \t\t\t\tBangladesh<\/td>\n<td> \t\t\t\t1,466<\/td>\n<td> \t\t\t\t1,001<\/td>\n<td> \t\t\t\t676<\/td>\n<td> \t\t\t\t451<\/td>\n<td> \t\t\t\t304<\/td>\n<td> \t\t\t\t210<\/td>\n<td> \t\t\t\t150<\/td>\n<td> \t\t\t\t110<\/td>\n<td> \t\t\t\t81<\/td>\n<td> \t\t\t\t63<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"wikitable sortable\">\n<caption> \t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/GDP_per_capita\" title=\"GDP per capita\">Gross Domestic Product per capita<\/a> (real)<sup class=\"reference\" id=\"cite_ref-N11_23-2\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-N11-23\"><span>[<\/span>24<span>]<\/span><\/a><\/sup><\/caption>\n<tbody>\n<tr>\n<th> \t\t\t\tRank 2050<\/th>\n<th> \t\t\t\tCountry<\/th>\n<th> \t\t\t\t2050<\/th>\n<th> \t\t\t\t2045<\/th>\n<th> \t\t\t\t2040<\/th>\n<th> \t\t\t\t2035<\/th>\n<th> \t\t\t\t2030<\/th>\n<th> \t\t\t\t2025<\/th>\n<th> \t\t\t\t2020<\/th>\n<th> \t\t\t\t2015<\/th>\n<th> \t\t\t\t2010<\/th>\n<th> \t\t\t\t2006<\/th>\n<th> \t\t\t\tPercent growth from 2006 to 2050<\/th>\n<\/tr>\n<tr>\n<td> \t\t\t\t1<\/td>\n<td> \t\t\t\tUnited States<\/td>\n<td> \t\t\t\t91,683<\/td>\n<td> \t\t\t\t83,489<\/td>\n<td> \t\t\t\t76,044<\/td>\n<td> \t\t\t\t69,019<\/td>\n<td> \t\t\t\t62,717<\/td>\n<td> \t\t\t\t57,446<\/td>\n<td> \t\t\t\t53,502<\/td>\n<td> \t\t\t\t50,200<\/td>\n<td> \t\t\t\t47,014<\/td>\n<td> \t\t\t\t44,379<\/td>\n<td> \t\t\t\t206%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t2<\/td>\n<td> \t\t\t\tSouth Korea<\/td>\n<td> \t\t\t\t90,294<\/td>\n<td> \t\t\t\t75,979<\/td>\n<td> \t\t\t\t63,924<\/td>\n<td> \t\t\t\t53,449<\/td>\n<td> \t\t\t\t44,602<\/td>\n<td> \t\t\t\t36,813<\/td>\n<td> \t\t\t\t29,868<\/td>\n<td> \t\t\t\t26,012<\/td>\n<td> \t\t\t\t21,602<\/td>\n<td> \t\t\t\t18,161<\/td>\n<td> \t\t\t\t497%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t3<\/td>\n<td> \t\t\t\tUnited Kingdom<\/td>\n<td> \t\t\t\t79,234<\/td>\n<td> \t\t\t\t73,807<\/td>\n<td> \t\t\t\t67,391<\/td>\n<td> \t\t\t\t61,049<\/td>\n<td> \t\t\t\t55,904<\/td>\n<td> \t\t\t\t52,220<\/td>\n<td> \t\t\t\t49,173<\/td>\n<td> \t\t\t\t45,591<\/td>\n<td> \t\t\t\t41,543<\/td>\n<td> \t\t\t\t38,108<\/td>\n<td> \t\t\t\t207%<\/td>\n<\/tr>\n<tr bgcolor=\"#DEDEDE\">\n<td> \t\t\t\t4<\/td>\n<td> \t\t\t\t<b>Russia<\/b><\/td>\n<td> \t\t\t\t78,435<\/td>\n<td> \t\t\t\t65,708<\/td>\n<td> \t\t\t\t54,221<\/td>\n<td> \t\t\t\t43,800<\/td>\n<td> \t\t\t\t34,368<\/td>\n<td> \t\t\t\t26,061<\/td>\n<td> \t\t\t\t19,311<\/td>\n<td> \t\t\t\t13,971<\/td>\n<td> \t\t\t\t9,833<\/td>\n<td> \t\t\t\t6,909<\/td>\n<td> \t\t\t\t<b>1,137%<\/b><\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t5<\/td>\n<td> \t\t\t\tCanada<\/td>\n<td> \t\t\t\t76,002<\/td>\n<td> \t\t\t\t69,531<\/td>\n<td> \t\t\t\t63,464<\/td>\n<td> \t\t\t\t57,728<\/td>\n<td> \t\t\t\t52,663<\/td>\n<td> \t\t\t\t48,621<\/td>\n<td> \t\t\t\t45,961<\/td>\n<td> \t\t\t\t43,449<\/td>\n<td> \t\t\t\t40,541<\/td>\n<td> \t\t\t\t38,071<\/td>\n<td> \t\t\t\t199%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t6<\/td>\n<td> \t\t\t\tFrance<\/td>\n<td> \t\t\t\t75,253<\/td>\n<td> \t\t\t\t68,252<\/td>\n<td> \t\t\t\t62,136<\/td>\n<td> \t\t\t\t56,562<\/td>\n<td> \t\t\t\t52,327<\/td>\n<td> \t\t\t\t48,429<\/td>\n<td> \t\t\t\t44,811<\/td>\n<td> \t\t\t\t41,332<\/td>\n<td> \t\t\t\t38,380<\/td>\n<td> \t\t\t\t36,045<\/td>\n<td> \t\t\t\t208%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t7<\/td>\n<td> \t\t\t\tGermany<\/td>\n<td> \t\t\t\t68,253<\/td>\n<td> \t\t\t\t62,658<\/td>\n<td> \t\t\t\t57,118<\/td>\n<td> \t\t\t\t51,710<\/td>\n<td> \t\t\t\t47,263<\/td>\n<td> \t\t\t\t45,033<\/td>\n<td> \t\t\t\t43,223<\/td>\n<td> \t\t\t\t40,589<\/td>\n<td> \t\t\t\t37,474<\/td>\n<td> \t\t\t\t34,588<\/td>\n<td> \t\t\t\t197%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t8<\/td>\n<td> \t\t\t\tJapan<\/td>\n<td> \t\t\t\t66,846<\/td>\n<td> \t\t\t\t60,492<\/td>\n<td> \t\t\t\t55,756<\/td>\n<td> \t\t\t\t52,345<\/td>\n<td> \t\t\t\t49,975<\/td>\n<td> \t\t\t\t46,419<\/td>\n<td> \t\t\t\t42,385<\/td>\n<td> \t\t\t\t38,650<\/td>\n<td> \t\t\t\t36,194<\/td>\n<td> \t\t\t\t34,021<\/td>\n<td> \t\t\t\t196%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t9<\/td>\n<td> \t\t\t\tMexico<\/td>\n<td> \t\t\t\t63,149<\/td>\n<td> \t\t\t\t49,393<\/td>\n<td> \t\t\t\t38,255<\/td>\n<td> \t\t\t\t29,417<\/td>\n<td> \t\t\t\t22,694<\/td>\n<td> \t\t\t\t17,685<\/td>\n<td> \t\t\t\t13,979<\/td>\n<td> \t\t\t\t11,176<\/td>\n<td> \t\t\t\t8,972<\/td>\n<td> \t\t\t\t7,918<\/td>\n<td> \t\t\t\t797%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t10<\/td>\n<td> \t\t\t\tItaly<\/td>\n<td> \t\t\t\t58,545<\/td>\n<td> \t\t\t\t52,760<\/td>\n<td> \t\t\t\t48,070<\/td>\n<td> \t\t\t\t44,948<\/td>\n<td> \t\t\t\t43,195<\/td>\n<td> \t\t\t\t41,358<\/td>\n<td> \t\t\t\t38,990<\/td>\n<td> \t\t\t\t35,908<\/td>\n<td> \t\t\t\t32,948<\/td>\n<td> \t\t\t\t31,123<\/td>\n<td> \t\t\t\t188%<\/td>\n<\/tr>\n<tr bgcolor=\"#DEDEDE\">\n<td> \t\t\t\t11<\/td>\n<td> \t\t\t\t<b>Brazil<\/b><\/td>\n<td> \t\t\t\t49,759<\/td>\n<td> \t\t\t\t38,149<\/td>\n<td> \t\t\t\t29,026<\/td>\n<td> \t\t\t\t21,924<\/td>\n<td> \t\t\t\t16,694<\/td>\n<td> \t\t\t\t12,996<\/td>\n<td> \t\t\t\t10,375<\/td>\n<td> \t\t\t\t8,427<\/td>\n<td> \t\t\t\t6,882<\/td>\n<td> \t\t\t\t5,657<\/td>\n<td> \t\t\t\t<b>879%<\/b><\/td>\n<\/tr>\n<tr bgcolor=\"#DEDEDE\">\n<td> \t\t\t\t12<\/td>\n<td> \t\t\t\t<b>China<\/b><\/td>\n<td> \t\t\t\t49,650<\/td>\n<td> \t\t\t\t39,719<\/td>\n<td> \t\t\t\t30,951<\/td>\n<td> \t\t\t\t23,511<\/td>\n<td> \t\t\t\t17,522<\/td>\n<td> \t\t\t\t12,688<\/td>\n<td> \t\t\t\t8,829<\/td>\n<td> \t\t\t\t5,837<\/td>\n<td> \t\t\t\t3,463<\/td>\n<td> \t\t\t\t2,041<\/td>\n<td> \t\t\t\t<b>2,432%<\/b><\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t13<\/td>\n<td> \t\t\t\tTurkey<\/td>\n<td> \t\t\t\t45,595<\/td>\n<td> \t\t\t\t34,971<\/td>\n<td> \t\t\t\t26,602<\/td>\n<td> \t\t\t\t20,046<\/td>\n<td> \t\t\t\t15,188<\/td>\n<td> \t\t\t\t11,743<\/td>\n<td> \t\t\t\t9,291<\/td>\n<td> \t\t\t\t7,460<\/td>\n<td> \t\t\t\t6,005<\/td>\n<td> \t\t\t\t5,545<\/td>\n<td> \t\t\t\t822%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t14<\/td>\n<td> \t\t\t\tVietnam<\/td>\n<td> \t\t\t\t33,472<\/td>\n<td> \t\t\t\t23,932<\/td>\n<td> \t\t\t\t16,623<\/td>\n<td> \t\t\t\t11,148<\/td>\n<td> \t\t\t\t7,245<\/td>\n<td> \t\t\t\t4,583<\/td>\n<td> \t\t\t\t2,834<\/td>\n<td> \t\t\t\t1,707<\/td>\n<td> \t\t\t\t1,001<\/td>\n<td> \t\t\t\t655<\/td>\n<td> \t\t\t\t5,110%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t15<\/td>\n<td> \t\t\t\tIran<\/td>\n<td> \t\t\t\t32,676<\/td>\n<td> \t\t\t\t26,231<\/td>\n<td> \t\t\t\t20,746<\/td>\n<td> \t\t\t\t15,979<\/td>\n<td> \t\t\t\t12,139<\/td>\n<td> \t\t\t\t9,328<\/td>\n<td> \t\t\t\t7,345<\/td>\n<td> \t\t\t\t5,888<\/td>\n<td> \t\t\t\t4,652<\/td>\n<td> \t\t\t\t3,768<\/td>\n<td> \t\t\t\t867%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t16<\/td>\n<td> \t\t\t\tIndonesia<\/td>\n<td> \t\t\t\t22,395<\/td>\n<td> \t\t\t\t15,642<\/td>\n<td> \t\t\t\t10,784<\/td>\n<td> \t\t\t\t7,365<\/td>\n<td> \t\t\t\t5,123<\/td>\n<td> \t\t\t\t3,711<\/td>\n<td> \t\t\t\t2,813<\/td>\n<td> \t\t\t\t2,197<\/td>\n<td> \t\t\t\t1,724<\/td>\n<td> \t\t\t\t1,508<\/td>\n<td> \t\t\t\t1,485%<\/td>\n<\/tr>\n<tr bgcolor=\"#DEDEDE\">\n<td> \t\t\t\t17<\/td>\n<td> \t\t\t\t<b>India<\/b><\/td>\n<td> \t\t\t\t20,836<\/td>\n<td> \t\t\t\t14,446<\/td>\n<td> \t\t\t\t9,802<\/td>\n<td> \t\t\t\t6,524<\/td>\n<td> \t\t\t\t4,360<\/td>\n<td> \t\t\t\t2,979<\/td>\n<td> \t\t\t\t2,091<\/td>\n<td> \t\t\t\t1,492<\/td>\n<td> \t\t\t\t1,061<\/td>\n<td> \t\t\t\t817<\/td>\n<td> \t\t\t\t<b>2,550%<\/b><\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t18<\/td>\n<td> \t\t\t\tEgypt<\/td>\n<td> \t\t\t\t20,500<\/td>\n<td> \t\t\t\t14,025<\/td>\n<td> \t\t\t\t9,443<\/td>\n<td> \t\t\t\t6,287<\/td>\n<td> \t\t\t\t4,287<\/td>\n<td> \t\t\t\t3,080<\/td>\n<td> \t\t\t\t2,352<\/td>\n<td> \t\t\t\t1,880<\/td>\n<td> \t\t\t\t1,531<\/td>\n<td> \t\t\t\t1,281<\/td>\n<td> \t\t\t\t1,600%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t19<\/td>\n<td> \t\t\t\tPhilippines<\/td>\n<td> \t\t\t\t20,388<\/td>\n<td> \t\t\t\t14,260<\/td>\n<td> \t\t\t\t9,815<\/td>\n<td> \t\t\t\t6,678<\/td>\n<td> \t\t\t\t4,635<\/td>\n<td> \t\t\t\t3,372<\/td>\n<td> \t\t\t\t2,591<\/td>\n<td> \t\t\t\t2,075<\/td>\n<td> \t\t\t\t1,688<\/td>\n<td> \t\t\t\t1,312<\/td>\n<td> \t\t\t\t1,553%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t20<\/td>\n<td> \t\t\t\tNigeria<\/td>\n<td> \t\t\t\t13,014<\/td>\n<td> \t\t\t\t8,934<\/td>\n<td> \t\t\t\t6,117<\/td>\n<td> \t\t\t\t4,191<\/td>\n<td> \t\t\t\t2,944<\/td>\n<td> \t\t\t\t2,161<\/td>\n<td> \t\t\t\t1,665<\/td>\n<td> \t\t\t\t1,332<\/td>\n<td> \t\t\t\t1,087<\/td>\n<td> \t\t\t\t919<\/td>\n<td> \t\t\t\t1,416%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t21<\/td>\n<td> \t\t\t\tPakistan<\/td>\n<td> \t\t\t\t11,786<\/td>\n<td> \t\t\t\t7,066<\/td>\n<td> \t\t\t\t5,183<\/td>\n<td> \t\t\t\t3,775<\/td>\n<td> \t\t\t\t2,744<\/td>\n<td> \t\t\t\t2,035<\/td>\n<td> \t\t\t\t1,568<\/td>\n<td> \t\t\t\t1,260<\/td>\n<td> \t\t\t\t897<\/td>\n<td> \t\t\t\t778<\/td>\n<td> \t\t\t\t908%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t22<\/td>\n<td> \t\t\t\tBangladesh<\/td>\n<td> \t\t\t\t5,235<\/td>\n<td> \t\t\t\t3,767<\/td>\n<td> \t\t\t\t2,698<\/td>\n<td> \t\t\t\t1,917<\/td>\n<td> \t\t\t\t1,384<\/td>\n<td> \t\t\t\t1,027<\/td>\n<td> \t\t\t\t790<\/td>\n<td> \t\t\t\t627<\/td>\n<td> \t\t\t\t510<\/td>\n<td> \t\t\t\t427<\/td>\n<td> \t\t\t\t1,225%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"wikitable sortable\">\n<caption> \t\tGross Domestic Product in 2006 US$ billions<sup class=\"reference\" id=\"cite_ref-N11_23-3\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-N11-23\"><span>[<\/span>24<span>]<\/span><\/a><\/sup><\/caption>\n<tbody>\n<tr>\n<th> \t\t\t\tGroups<\/th>\n<th> \t\t\t\tCountries<\/th>\n<th> \t\t\t\t2050<\/th>\n<th> \t\t\t\t2045<\/th>\n<th> \t\t\t\t2040<\/th>\n<th> \t\t\t\t2035<\/th>\n<th> \t\t\t\t2030<\/th>\n<th> \t\t\t\t2025<\/th>\n<th> \t\t\t\t2020<\/th>\n<th> \t\t\t\t2015<\/th>\n<th> \t\t\t\t2010<\/th>\n<th> \t\t\t\t2006<\/th>\n<\/tr>\n<tr>\n<td> \t\t\t\tBRIC<\/td>\n<td> \t\t\t\tBrazil, Russia, India, China<\/td>\n<td> \t\t\t\t128,324<\/td>\n<td> \t\t\t\t98,757<\/td>\n<td> \t\t\t\t74,483<\/td>\n<td> \t\t\t\t55,090<\/td>\n<td> \t\t\t\t40,278<\/td>\n<td> \t\t\t\t28,925<\/td>\n<td> \t\t\t\t20,226<\/td>\n<td> \t\t\t\t13,653<\/td>\n<td> \t\t\t\t8,640<\/td>\n<td> \t\t\t\t5,637<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\tG7<\/td>\n<td> \t\t\t\tCanada, France, Germany, Italy, Japan, United Kingdom, USA<\/td>\n<td> \t\t\t\t66,039<\/td>\n<td> \t\t\t\t59,475<\/td>\n<td> \t\t\t\t53,617<\/td>\n<td> \t\t\t\t48,281<\/td>\n<td> \t\t\t\t43,745<\/td>\n<td> \t\t\t\t39,858<\/td>\n<td> \t\t\t\t36,781<\/td>\n<td> \t\t\t\t33,414<\/td>\n<td> \t\t\t\t30,437<\/td>\n<td> \t\t\t\t28,005<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p> \tThe following three tables are lists of economies by incremental GDP from 2006 to 2050 by <a href=\"http:\/\/en.wikipedia.org\/wiki\/Goldman_Sachs\" title=\"Goldman Sachs\">Goldman Sachs<\/a>. They illustrate that the BRICs and N11 nations are replacing G7 nations as the main contributors to world&#8217;s economic growth. From 2020 to 2050, nine of the ten largest countries by incremental GDP are occupied by the BRICs and N11 nations, in which the <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States\" title=\"United States\">United States<\/a> remains to be the only G7 member as one of the three biggest contributors to the global economic growth.<sup class=\"reference\" id=\"cite_ref-N11_23-4\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-N11-23\"><span>[<\/span>24<span>]<\/span><\/a><\/sup><\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<table class=\"wikitable sortable\" style=\"margin-left:auto;margin-right:auto\">\n<caption> \t\t\t\t\t\tList of Economies by Incremental Nominal GDP from 2006 to 2020<\/caption>\n<tbody>\n<tr>\n<th style=\"width:2em;\"> \t\t\t\t\t\t\t\tRank<\/th>\n<th> \t\t\t\t\t\t\t\tCountry<\/th>\n<th> \t\t\t\t\t\t\t\tIncremental GDP in billions of 2006 <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States_dollar\" title=\"United States dollar\">US$<\/a><\/th>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t1<\/td>\n<td> \t\t\t\t\t\t\t\t<b>China<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t9,948<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t2<\/td>\n<td> \t\t\t\t\t\t\t\tUnited States<\/td>\n<td> \t\t\t\t\t\t\t\t4,733<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t3<\/td>\n<td> \t\t\t\t\t\t\t\t<b>India<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t1,939<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t4<\/td>\n<td> \t\t\t\t\t\t\t\t<b>Russia<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t1,572<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t5<\/td>\n<td> \t\t\t\t\t\t\t\t<b>Brazil<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t1,130<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t6<\/td>\n<td> \t\t\t\t\t\t\t\tMexico<\/td>\n<td> \t\t\t\t\t\t\t\t891<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t7<\/td>\n<td> \t\t\t\t\t\t\t\tJapan<\/td>\n<td> \t\t\t\t\t\t\t\t888<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t8<\/td>\n<td> \t\t\t\t\t\t\t\tUnited Kingdom<\/td>\n<td> \t\t\t\t\t\t\t\t791<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t9<\/td>\n<td> \t\t\t\t\t\t\t\tGermany<\/td>\n<td> \t\t\t\t\t\t\t\t668<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t10<\/td>\n<td> \t\t\t\t\t\t\t\tItaly<\/td>\n<td> \t\t\t\t\t\t\t\t635<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t11<\/td>\n<td> \t\t\t\t\t\t\t\tFrance<\/td>\n<td> \t\t\t\t\t\t\t\t621<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t11<\/td>\n<td> \t\t\t\t\t\t\t\tSouth Korea<\/td>\n<td> \t\t\t\t\t\t\t\t621<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t13<\/td>\n<td> \t\t\t\t\t\t\t\tCanada<\/td>\n<td> \t\t\t\t\t\t\t\t440<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t14<\/td>\n<td> \t\t\t\t\t\t\t\tIndonesia<\/td>\n<td> \t\t\t\t\t\t\t\t402<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t15<\/td>\n<td> \t\t\t\t\t\t\t\tTurkey<\/td>\n<td> \t\t\t\t\t\t\t\t350<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t16<\/td>\n<td> \t\t\t\t\t\t\t\tIran<\/td>\n<td> \t\t\t\t\t\t\t\t299<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t17<\/td>\n<td> \t\t\t\t\t\t\t\tVietnam<\/td>\n<td> \t\t\t\t\t\t\t\t218<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t18<\/td>\n<td> \t\t\t\t\t\t\t\tNigeria<\/td>\n<td> \t\t\t\t\t\t\t\t185<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t19<\/td>\n<td> \t\t\t\t\t\t\t\tPhilippines<\/td>\n<td> \t\t\t\t\t\t\t\t172<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t20<\/td>\n<td> \t\t\t\t\t\t\t\tPakistan<\/td>\n<td> \t\t\t\t\t\t\t\t139<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t21<\/td>\n<td> \t\t\t\t\t\t\t\tEgypt<\/td>\n<td> \t\t\t\t\t\t\t\t128<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t22<\/td>\n<td> \t\t\t\t\t\t\t\tBangladesh<\/td>\n<td> \t\t\t\t\t\t\t\t87<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td>\n<table class=\"wikitable sortable\" style=\"margin-left:auto;margin-right:auto\">\n<caption> \t\t\t\t\t\tList of Economies by Incremental Nominal GDP from 2020 to 2035<\/caption>\n<tbody>\n<tr>\n<th style=\"width:2em;\"> \t\t\t\t\t\t\t\tRank<\/th>\n<th> \t\t\t\t\t\t\t\tCountry<\/th>\n<th> \t\t\t\t\t\t\t\tIncremental GDP in billions of 2006 <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States_dollar\" title=\"United States dollar\">US$<\/a><\/th>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t1<\/td>\n<td> \t\t\t\t\t\t\t\t<b>China<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t21,718<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t2<\/td>\n<td> \t\t\t\t\t\t\t\tUnited States<\/td>\n<td> \t\t\t\t\t\t\t\t8,119<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t3<\/td>\n<td> \t\t\t\t\t\t\t\t<b>India<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t7,666<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t4<\/td>\n<td> \t\t\t\t\t\t\t\t<b>Brazil<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t2,769<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t5<\/td>\n<td> \t\t\t\t\t\t\t\t<b>Russia<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t2,711<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t6<\/td>\n<td> \t\t\t\t\t\t\t\tMexico<\/td>\n<td> \t\t\t\t\t\t\t\t2,360<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t7<\/td>\n<td> \t\t\t\t\t\t\t\tIndonesia<\/td>\n<td> \t\t\t\t\t\t\t\t1,440<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t8<\/td>\n<td> \t\t\t\t\t\t\t\tSouth Korea<\/td>\n<td> \t\t\t\t\t\t\t\t1,136<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t9<\/td>\n<td> \t\t\t\t\t\t\t\tTurkey<\/td>\n<td> \t\t\t\t\t\t\t\t976<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t10<\/td>\n<td> \t\t\t\t\t\t\t\tVietnam<\/td>\n<td> \t\t\t\t\t\t\t\t896<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t11<\/td>\n<td> \t\t\t\t\t\t\t\tUnited Kingdom<\/td>\n<td> \t\t\t\t\t\t\t\t836<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t12<\/td>\n<td> \t\t\t\t\t\t\t\tNigeria<\/td>\n<td> \t\t\t\t\t\t\t\t777<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t13<\/td>\n<td> \t\t\t\t\t\t\t\tFrance<\/td>\n<td> \t\t\t\t\t\t\t\t752<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t14<\/td>\n<td> \t\t\t\t\t\t\t\tIran<\/td>\n<td> \t\t\t\t\t\t\t\t729<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t15<\/td>\n<td> \t\t\t\t\t\t\t\tJapan<\/td>\n<td> \t\t\t\t\t\t\t\t662<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t16<\/td>\n<td> \t\t\t\t\t\t\t\tCanada<\/td>\n<td> \t\t\t\t\t\t\t\t602<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t17<\/td>\n<td> \t\t\t\t\t\t\t\tPhilippines<\/td>\n<td> \t\t\t\t\t\t\t\t593<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t18<\/td>\n<td> \t\t\t\t\t\t\t\tGermany<\/td>\n<td> \t\t\t\t\t\t\t\t529<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t19<\/td>\n<td> \t\t\t\t\t\t\t\tEgypt<\/td>\n<td> \t\t\t\t\t\t\t\t489<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t20<\/td>\n<td> \t\t\t\t\t\t\t\tPakistan<\/td>\n<td> \t\t\t\t\t\t\t\t441<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t21<\/td>\n<td> \t\t\t\t\t\t\t\tBangladesh<\/td>\n<td> \t\t\t\t\t\t\t\t301<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t22<\/td>\n<td> \t\t\t\t\t\t\t\tItaly<\/td>\n<td> \t\t\t\t\t\t\t\t220<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td>\n<table class=\"wikitable sortable\" style=\"margin-left:auto;margin-right:auto\">\n<caption> \t\t\t\t\t\tList of Economies by Incremental Nominal GDP from 2035 to 2050<\/caption>\n<tbody>\n<tr>\n<th style=\"width:2em;\"> \t\t\t\t\t\t\t\tRank<\/th>\n<th> \t\t\t\t\t\t\t\tCountry<\/th>\n<th> \t\t\t\t\t\t\t\tIncremental GDP in billions of 2006 <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States_dollar\" title=\"United States dollar\">US$<\/a><\/th>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t1<\/td>\n<td> \t\t\t\t\t\t\t\t<b>China<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t36,362<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t2<\/td>\n<td> \t\t\t\t\t\t\t\t<b>India<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t27,154<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t3<\/td>\n<td> \t\t\t\t\t\t\t\tUnited States<\/td>\n<td> \t\t\t\t\t\t\t\t12,417<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t4<\/td>\n<td> \t\t\t\t\t\t\t\t<b>Brazil<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t6,403<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t5<\/td>\n<td> \t\t\t\t\t\t\t\tMexico<\/td>\n<td> \t\t\t\t\t\t\t\t5,238<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t6<\/td>\n<td> \t\t\t\t\t\t\t\tIndonesia<\/td>\n<td> \t\t\t\t\t\t\t\t4,818<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t7<\/td>\n<td> \t\t\t\t\t\t\t\tNigeria<\/td>\n<td> \t\t\t\t\t\t\t\t3,557<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t8<\/td>\n<td> \t\t\t\t\t\t\t\t<b>Russia<\/b><\/td>\n<td> \t\t\t\t\t\t\t\t3,315<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t9<\/td>\n<td> \t\t\t\t\t\t\t\tVietnam<\/td>\n<td> \t\t\t\t\t\t\t\t2,438<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t10<\/td>\n<td> \t\t\t\t\t\t\t\tTurkey<\/td>\n<td> \t\t\t\t\t\t\t\t2,227<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t11<\/td>\n<td> \t\t\t\t\t\t\t\tPhilippines<\/td>\n<td> \t\t\t\t\t\t\t\t2,128<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t12<\/td>\n<td> \t\t\t\t\t\t\t\tEgypt<\/td>\n<td> \t\t\t\t\t\t\t\t1,884<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t13<\/td>\n<td> \t\t\t\t\t\t\t\tSouth Korea<\/td>\n<td> \t\t\t\t\t\t\t\t1,439<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t14<\/td>\n<td> \t\t\t\t\t\t\t\tIran<\/td>\n<td> \t\t\t\t\t\t\t\t1,390<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t15<\/td>\n<td> \t\t\t\t\t\t\t\tPakistan<\/td>\n<td> \t\t\t\t\t\t\t\t1,376<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t16<\/td>\n<td> \t\t\t\t\t\t\t\tUnited Kingdom<\/td>\n<td> \t\t\t\t\t\t\t\t1,196<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t17<\/td>\n<td> \t\t\t\t\t\t\t\tFrance<\/td>\n<td> \t\t\t\t\t\t\t\t1,025<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t18<\/td>\n<td> \t\t\t\t\t\t\t\tBangladesh<\/td>\n<td> \t\t\t\t\t\t\t\t1,015<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t19<\/td>\n<td> \t\t\t\t\t\t\t\tGermany<\/td>\n<td> \t\t\t\t\t\t\t\t976<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t20<\/td>\n<td> \t\t\t\t\t\t\t\tCanada<\/td>\n<td> \t\t\t\t\t\t\t\t847<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t21<\/td>\n<td> \t\t\t\t\t\t\t\tJapan<\/td>\n<td> \t\t\t\t\t\t\t\t791<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t\t\t\t\t22<\/td>\n<td> \t\t\t\t\t\t\t\tItaly<\/td>\n<td> \t\t\t\t\t\t\t\t506<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p> \tAt <a href=\"http:\/\/en.wikipedia.org\/wiki\/World_Economic_Forum\" title=\"World Economic Forum\">World Economic Forum<\/a> 2011, there are 365 corporate executives from BRIC and other emerging nations out of 1000 participants. It is a record number of executives from emerging markets. Nomura Holdings Inc&#8217;s co-head of global investment banking said that &#8222;It&#8217;s a reflection of where economic power and influence is starting to move.&#8221; The <a href=\"http:\/\/en.wikipedia.org\/wiki\/International_Monetary_Fund\" title=\"International Monetary Fund\">International Monetary Fund<\/a> estimates emerging markets may expand 6.5 percent in 2011, more than double the 2.5 percent rate for developed countries. BRIC&#8217;s takeover made record by 22 percent of global deals or increase by 74 percent in one year and more than quadruple in the last five years.<sup class=\"reference\" id=\"cite_ref-24\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-24\"><span>[<\/span>25<span>]<\/span><\/a><\/sup><\/p>\n<h2> \t<span class=\"mw-headline\" id=\"History\">History<\/span><\/h2>\n<div class=\"thumb tright\">\n<div class=\"thumbinner\" style=\"width:222px;\"> \t\t<a class=\"image\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3ABRIC2010.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1628\" alt=\"\" class=\"thumbimage\" height=\"134\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/220px-BRIC2010.jpg\" width=\"220\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3ABRIC2010.jpg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\tThe BRIC leaders in 2010<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> \tVarious sources refer to a purported &#8222;original&#8221; BRIC agreement that predates the Goldman Sachs thesis. Some of these sources claim that President <a href=\"http:\/\/en.wikipedia.org\/wiki\/Vladimir_Putin\" title=\"Vladimir Putin\">Vladimir Putin<\/a> of Russia was the driving force behind this original cooperative coalition of developing BRIC countries. However, thus far, no text has been made public of any formal agreement to which all four BRIC states are signatories. This does not mean, however, that they have not reached a multitude of bilateral or even quadrilateral agreements. Evidence of agreements of this type are abundant and are available on the foreign ministry websites of each of the four countries. Trilateral agreements and frameworks made among the BRICs include the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Shanghai_Cooperation_Organization\" title=\"Shanghai Cooperation Organization\">Shanghai Cooperation Organization<\/a> (member states include Russia and China, observers include India) and the <a href=\"http:\/\/en.wikipedia.org\/wiki\/IBSA_Dialogue_Forum\" title=\"IBSA Dialogue Forum\">IBSA Trilateral Forum<\/a>, which unites Brazil, India, and <a href=\"http:\/\/en.wikipedia.org\/wiki\/South_Africa\" title=\"South Africa\">South Africa<\/a> in annual dialogues. Also important to note is the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/G-20\" title=\"G-20\">G-20<\/a> coalition of developing states which includes all the BRICs.<\/p>\n<p> \tAlso, because of the popularity of the Goldman Sachs thesis &#8222;BRIC&#8221;, this term has sometimes been extended whereby &#8222;BRICK&#8221;<sup class=\"reference\" id=\"cite_ref-25\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-25\"><span>[<\/span>26<span>]<\/span><\/a><\/sup><sup class=\"reference\" id=\"cite_ref-26\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-26\"><span>[<\/span>27<span>]<\/span><\/a><\/sup> (K for South Korea), &#8222;<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/BRIMC\" title=\"BRIMC\">BRIMC<\/a>&#8222;<sup class=\"reference\" id=\"cite_ref-lefigaro_27-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-lefigaro-27\"><span>[<\/span>28<span>]<\/span><\/a><\/sup><sup class=\"reference\" id=\"cite_ref-UNuniversity_28-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-UNuniversity-28\"><span>[<\/span>29<span>]<\/span><\/a><\/sup> (M for Mexico), &#8222;BRICA&#8221; (<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Gulf_Cooperation_Council\" title=\"Gulf Cooperation Council\">GCC<\/a> Arab countries \u2013 <a href=\"http:\/\/en.wikipedia.org\/wiki\/Saudi_Arabia\" title=\"Saudi Arabia\">Saudi Arabia<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Qatar\" title=\"Qatar\">Qatar<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Kuwait\" title=\"Kuwait\">Kuwait<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Bahrain\" title=\"Bahrain\">Bahrain<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Oman\" title=\"Oman\">Oman<\/a> and the <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_Arab_Emirates\" title=\"United Arab Emirates\">United Arab Emirates<\/a>)<sup class=\"reference\" id=\"cite_ref-29\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-29\"><span>[<\/span>30<span>]<\/span><\/a><\/sup> and &#8222;BRICET&#8221; (including Eastern Europe and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Turkey\" title=\"Turkey\">Turkey<\/a>)<sup class=\"reference\" id=\"cite_ref-30\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-30\"><span>[<\/span>31<span>]<\/span><\/a><\/sup> have become more generic <a href=\"http:\/\/en.wikipedia.org\/wiki\/Marketing\" title=\"Marketing\">marketing<\/a> terms to refer to these emerging markets.<\/p>\n<p> \tIn an August 2010 <a href=\"http:\/\/en.wikipedia.org\/wiki\/Op-ed\" title=\"Op-ed\">op-ed<\/a>, Jim O&#8217;Neill of Goldman Sachs argued that Africa could be considered the next BRIC.<sup class=\"reference\" id=\"cite_ref-31\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-31\"><span>[<\/span>32<span>]<\/span><\/a><\/sup> Analysts from rival banks have sought to move beyond the BRIC concept, by introducing their own groupings of emerging markets. Proposals include CIVETs (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa), the EAGLES (Emerging and Growth-Leading Economies) and the 7 per cent Club (which includes those countries which have averaged economic growth of at least 7 per cent a year).<sup class=\"reference\" id=\"cite_ref-32\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-32\"><span>[<\/span>33<span>]<\/span><\/a><\/sup><\/p>\n<p> \tSouth Africa sought BRIC membership since 2009 and the process for formal admission began as early as August 2010.<sup class=\"reference\" id=\"cite_ref-foreignpolicyjournal.com_33-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-foreignpolicyjournal.com-33\"><span>[<\/span>34<span>]<\/span><\/a><\/sup> South Africa was officially admitted as a BRIC nation on December 24, 2010 after being invited by China and the other BRIC countries to join the group.<sup class=\"reference\" id=\"cite_ref-34\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-34\"><span>[<\/span>35<span>]<\/span><\/a><\/sup> The capital \u201cS\u201d in BRICS stands for South Africa. President <a href=\"http:\/\/en.wikipedia.org\/wiki\/Jacob_Zuma\" title=\"Jacob Zuma\">Jacob Zuma<\/a> attend the BRICS summit in <a href=\"http:\/\/en.wikipedia.org\/wiki\/Sanya\" title=\"Sanya\">Sanya<\/a> in April 2011 as a full member. South Africa stands at a unique position to influence African economic growth and investment. According to <a href=\"http:\/\/en.wikipedia.org\/wiki\/Jim_O%27Neill_%28economist%29\" title=\"Jim O'Neill (economist)\">Jim O&#8217;neill<\/a> of Goldman Sachs who originally coined the term, Africa&#8217;s combined current gross domestic product is reasonably similar to that of Brazil and Russia, and slightly above that of India.<sup class=\"reference\" id=\"cite_ref-ft.com_35-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-ft.com-35\"><span>[<\/span>36<span>]<\/span><\/a><\/sup> South Africa is a &#8222;gateway&#8221; to Southern Africa and Africa in general as the most developed African country.<sup class=\"reference\" id=\"cite_ref-ft.com_35-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-ft.com-35\"><span>[<\/span>36<span>]<\/span><\/a><\/sup> China is South Africa\u2019s largest trading partner, and India wants to increase commercial ties to Africa.<sup class=\"reference\" id=\"cite_ref-foreignpolicyjournal.com_33-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-foreignpolicyjournal.com-33\"><span>[<\/span>34<span>]<\/span><\/a><\/sup> South Africa is also Africa\u2019s largest economy, but as number 31 in global GDP economies it is far behind its new partners.<sup class=\"reference\" id=\"cite_ref-foreignpolicyjournal.com_33-2\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-foreignpolicyjournal.com-33\"><span>[<\/span>34<span>]<\/span><\/a><\/sup><\/p>\n<p> \t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Jim_O%27Neill_%28economist%29\" title=\"Jim O'Neill (economist)\">Jim O&#8217;Neill<\/a> expressed surprise when South Africa joined BRIC since South Africa&#8217;s economy is a quarter of the size of Russia&#8217;s (the least economically powerful BRIC nation).<sup class=\"reference\" id=\"cite_ref-globalpost.com_36-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-globalpost.com-36\"><span>[<\/span>37<span>]<\/span><\/a><\/sup> He believed that the potential was there but did not anticipate inclusion of South Africa at this stage.<sup class=\"reference\" id=\"cite_ref-ft.com_35-2\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-ft.com-35\"><span>[<\/span>36<span>]<\/span><\/a><\/sup> Martyn Davies, a South African emerging markets expert, argued that the decision to invite South Africa made little commercial sense but was politically astute given China&#8217;s attempts to establish a foothold in Africa. Further, South Africa&#8217;s inclusion in BRICS may translate to greater South African support for China in global fora.<sup class=\"reference\" id=\"cite_ref-globalpost.com_36-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-globalpost.com-36\"><span>[<\/span>37<span>]<\/span><\/a><\/sup><\/p>\n<p> \tAfrican credentials are important geopolitically, giving BRICS a four-continent breadth, influence and trade opportunities.<sup class=\"reference\" id=\"cite_ref-foreignpolicyjournal.com_33-3\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-foreignpolicyjournal.com-33\"><span>[<\/span>34<span>]<\/span><\/a><\/sup> South Africa&#8217;s addition is a deft political move that further enhances BRICS\u2019 power and status.<sup class=\"reference\" id=\"cite_ref-foreignpolicyjournal.com_33-4\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-foreignpolicyjournal.com-33\"><span>[<\/span>34<span>]<\/span><\/a><\/sup> In the original essay that coined the term, Goldman Sachs did not argue that the BRICs would organize themselves into an economic bloc, or a formal trading association which this move signifies.<sup class=\"Template-Fact\" style=\"white-space:nowrap;\">[<i><a href=\"http:\/\/en.wikipedia.org\/wiki\/Wikipedia:Citation_needed\" title=\"Wikipedia:Citation needed\"><span title=\"This claim needs references to reliable sources from July 2011\">citation needed<\/span><\/a><\/i>]<\/sup><\/p>\n<h3> \t<span class=\"mw-headline\" id=\"Marketing\">Marketing<\/span><\/h3>\n<div class=\"thumb tleft\">\n<div class=\"thumbinner\" style=\"width:222px;\"> \t\t<a class=\"image\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3ASao_Paulo_Stock_Exchange.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1630\" alt=\"\" class=\"thumbimage\" height=\"117\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/220px-Sao_Paulo_Stock_Exchange.jpg\" width=\"220\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3ASao_Paulo_Stock_Exchange.jpg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\tThe <a href=\"http:\/\/en.wikipedia.org\/wiki\/BM%26F_Bovespa\" title=\"BM&amp;F Bovespa\">S\u00e3o Paulo Stock Exchange<\/a> is the third-largest exchange operator by market value in the world.<sup class=\"reference\" id=\"cite_ref-37\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-37\"><span>[<\/span>38<span>]<\/span><\/a><\/sup><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> \tThe BRIC term is also used by companies who refer to the four named countries as key to their <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Emerging_market\" title=\"Emerging market\">emerging markets<\/a> strategies. By comparison the reduced acronym IC would not be attractive, although the term &#8222;<a href=\"http:\/\/en.wikipedia.org\/wiki\/Chindia\" title=\"Chindia\">Chindia<\/a>&#8221; is often used. The BRIC&#8217;s study specifically focuses on large countries, not necessarily the wealthiest or the most productive and was never intended to be an investment thesis. If investors read the Goldman&#8217;s research carefully, and agreed with the conclusions, then they would gain exposure to Asian debt and equity markets rather than to <a href=\"http:\/\/en.wikipedia.org\/wiki\/Latin_America\" title=\"Latin America\">Latin America<\/a>. According to estimates provided by the USDA, the wealthiest regions outside of the G6 in 2015 will be <a href=\"http:\/\/en.wikipedia.org\/wiki\/Hong_Kong\" title=\"Hong Kong\">Hong Kong<\/a>, South Korea and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Singapore\" title=\"Singapore\">Singapore<\/a>. Combined with China and India, these five economies are likely to be the world&#8217;s five most influential economies outside of the G6.<\/p>\n<p> \tOn the other hand, when the &#8222;R&#8221; in BRIC is extended beyond Russia and is used as a loose term to include all of Eastern Europe as well, then the BRIC story becomes more compelling. At issue are the multiple serious problems which confront Russia (potentially unstable government, environmental degradation, critical lack of modern infrastructure, etc.<sup class=\"Template-Fact\" style=\"white-space:nowrap;\">[<i><a href=\"http:\/\/en.wikipedia.org\/wiki\/Wikipedia:Citation_needed\" title=\"Wikipedia:Citation needed\"><span title=\"This claim needs references to reliable sources from January 2010\">citation needed<\/span><\/a><\/i>]<\/sup>), and the comparatively much lower growth rate seen in Brazil. However, Brazil&#8217;s lower growth rate obscures the fact that the country is wealthier than China or India on a per-capita basis, has a more developed and global integrated financial system and has an economy potentially more diverse than the other BRICs due to its raw material and manufacturing potential. Many other Eastern European countries, such as <a href=\"http:\/\/en.wikipedia.org\/wiki\/Poland\" title=\"Poland\">Poland<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Romania\" title=\"Romania\">Romania<\/a>, the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Czech_Republic\" title=\"Czech Republic\">Czech Republic<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Slovakia\" title=\"Slovakia\">Slovakia<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Hungary\" title=\"Hungary\">Hungary<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Bulgaria\" title=\"Bulgaria\">Bulgaria<\/a>, and several others were able to continually sustain high economic growth rates and do not experience some of the problems that Russia experiences or experience them to a lesser extent. In terms of <a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_%28nominal%29_per_capita\" title=\"List of countries by GDP (nominal) per capita\">GDP per capita<\/a> in 2008, Brazil ranked 64th, Russia 42nd, India 113th and China 89th. By comparison South Korea ranked 24th and Singapore 3rd.<\/p>\n<p> \tBrazil&#8217;s stock market, the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Bovespa\" title=\"Bovespa\">Bovespa<\/a>, has gone from approximately 9,000 in September 2002 to over 70,000 in May 2008. Government policies have favored investment (lowering interest rates), retiring foreign debt and expanding growth, and a reformulation of the tax system is being voted in the congress. The British author and researcher <a href=\"http:\/\/en.wikipedia.org\/wiki\/Mark_Kobayashi-Hillary\" title=\"Mark Kobayashi-Hillary\">Mark Kobayashi-Hillary<\/a> wrote a book in 2007 titled &#8216;Building a Future with BRICs&#8217; for European publisher <a href=\"http:\/\/en.wikipedia.org\/wiki\/Springer_Science%2BBusiness_Media\" title=\"Springer Science+Business Media\">Springer Verlag<\/a> that examines the growth of the BRICs region and its effect on global sourcing. Contributors to the book include <a href=\"http:\/\/en.wikipedia.org\/wiki\/Nandan_Nilekani\" title=\"Nandan Nilekani\">Nandan Nilekani<\/a>, and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Shiv_Nadar\" title=\"Shiv Nadar\">Shiv Nadar<\/a>.<\/p>\n<h3> \t<span class=\"mw-headline\" id=\"International_Law\">International Law<\/span><\/h3>\n<p> \tBrazilian lawyer and author Adler Martins has published a paper called &#8222;Contratos Internacionais entre os pa\u00edses do BRIC&#8221;<sup class=\"reference\" id=\"cite_ref-38\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-38\"><span>[<\/span>39<span>]<\/span><\/a><\/sup> (International Agreements Among BRIC countries) which highlights the international conventions ratified by the BRIC countries, which allow them to maintain trade and investment activities safely within the group. Mr. Martin&#8217;s study is being further developed by the Federal University of the Minas Gerais State, in Brazil.<\/p>\n<h3> \t<span class=\"mw-headline\" id=\"Financial_diversification\">Financial diversification<\/span><\/h3>\n<p> \tIt has been argued that geographic <a href=\"http:\/\/en.wikipedia.org\/wiki\/Diversification_%28finance%29\" title=\"Diversification (finance)\">diversification<\/a> would eventually generate superior risk-adjusted returns for <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Long-term\" title=\"Long-term\">long-term<\/a> global investors by reducing overall portfolio risk while capturing some of the higher rates of return offered by the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Emerging_markets\" title=\"Emerging markets\">emerging markets<\/a> of <a href=\"http:\/\/en.wikipedia.org\/wiki\/Asia\" title=\"Asia\">Asia<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Eastern_Europe\" title=\"Eastern Europe\">Eastern Europe<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Latin_America\" title=\"Latin America\">Latin America<\/a>.<sup class=\"reference\" id=\"cite_ref-39\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-39\"><span>[<\/span>40<span>]<\/span><\/a><\/sup> By doing so, these <a href=\"http:\/\/en.wikipedia.org\/wiki\/Institutional_investor\" title=\"Institutional investor\">institutional investors<\/a> have contributed to the financial and economic development of key emerging nations such as Brazil, India, China, and Russia. For global investors, India and China constitute both large-scale production platforms and reservoirs of new consumers, whereas Russia is viewed essentially as an exporter of oil and commodities- Brazil and Latin America being somehow &#8222;in the middle&#8221;.<\/p>\n<h3> \t<span class=\"mw-headline\" id=\"Criticism\">Criticism<\/span><\/h3>\n<p> \tA criticism is that the BRIC projections are based on the assumptions that resources are limitless and endlessly available when needed. In reality, many important resources currently necessary to sustain economic growth, such as <a href=\"http:\/\/en.wikipedia.org\/wiki\/Peak_oil\" title=\"Peak oil\">oil, natural gas, coal, other fossil fuels, and uranium<\/a> might soon experience a peak in production before enough renewable energy can be developed and commercialized, which might result in slower economic growth than anticipated, thus throwing off the projections and their dates. The economic emergence of the BRICs will have unpredictable consequences for the global environment. Indeed, proponents of a set <a href=\"http:\/\/en.wikipedia.org\/wiki\/Carrying_capacity\" title=\"Carrying capacity\">carrying capacity<\/a> for the Earth may argue that, given current technology, there is a finite limit to how much the BRICs can develop before exceeding the ability of the global economy to supply.<sup class=\"reference\" id=\"cite_ref-40\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-40\"><span>[<\/span>41<span>]<\/span><\/a><\/sup><\/p>\n<p> \tAcademics and experts have suggested that China is in a league of its own compared to the other BRIC countries.<sup class=\"reference\" id=\"cite_ref-41\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-41\"><span>[<\/span>42<span>]<\/span><\/a><\/sup> As <a href=\"http:\/\/en.wikipedia.org\/wiki\/David_Rothkopf\" title=\"David Rothkopf\">David Rothkopf<\/a> wrote in <i><a href=\"http:\/\/en.wikipedia.org\/wiki\/Foreign_Policy\" title=\"Foreign Policy\">Foreign Policy<\/a><\/i>, &#8222;Without China, the BRICs are just the BRI, a bland, soft cheese that is primarily known for the whine [sic] that goes with it. China is the muscle of the group and the Chinese know it. They have effective <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Veto_power\" title=\"Veto power\">veto power<\/a> over any BRIC initiatives because without them, who cares really? They are the one with the big <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Foreign_exchange_reserves\" title=\"Foreign exchange reserves\">reserves<\/a>. They are the biggest potential <a href=\"http:\/\/en.wikipedia.org\/wiki\/Market\" title=\"Market\">market<\/a>. They are the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/U.S.\" title=\"U.S.\">U.S.<\/a> partner in the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Group_of_Two\" title=\"Group of Two\">G2<\/a> (imagine the coverage a G2 meeting gets vs. a <a href=\"http:\/\/en.wikipedia.org\/wiki\/G8\" title=\"G8\">G8<\/a> meeting) and the E2 (no climate deal without them) and so on.&#8221;<sup class=\"reference\" id=\"cite_ref-42\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-42\"><span>[<\/span>43<span>]<\/span><\/a><\/sup> <a href=\"http:\/\/en.wikipedia.org\/wiki\/Deutsche_Bank\" title=\"Deutsche Bank\">Deutsche Bank<\/a> Research said in a report that &#8222;economically, financially and politically, China overshadows and will continue to overshadow the other BRICs.&#8221; It added that China&#8217;s economy is larger than that of the three other BRIC economies (Brazil, Russia and India) combined. Moreover, China&#8217;s <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Exports\" title=\"Exports\">exports<\/a> and its official <a href=\"http:\/\/en.wikipedia.org\/wiki\/Foreign-exchange_reserves\" title=\"Foreign-exchange reserves\">foreign-exchange reserves<\/a> are more than twice as large as those of the other BRICs combined.<sup class=\"reference\" id=\"cite_ref-43\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-43\"><span>[<\/span>44<span>]<\/span><\/a><\/sup> In that perspective, some pension investment experts have argued that \u201cChina alone accounts for more than 70% of the combined GDP growth generated by the BRIC countries [from 1999 to 2010]: if there is a BRIC miracle it\u2019s first and foremost a Chinese one\u201d.<sup class=\"reference\" id=\"cite_ref-44\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-44\"><span>[<\/span>45<span>]<\/span><\/a><\/sup> The &#8222;growth gap&#8221; between China and other large emerging economies such as Brazil, Russia and India can be attributed to a large extent to China&#8217;s early focus on ambitious infrastructure projects: while China invested roughly 9% of its GDP on infrastructure in the 1990s and 2000s, most emerging economies invested only 2% to 5% of their GDP. This considerable spending gap allowed the Chinese economy to grow at near optimal conditions while many South American and South Asian economies suffered from various development bottlenecks (poor transportation networks, aging power grids, mediocre schools&#8230;).<sup class=\"reference\" id=\"cite_ref-45\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-45\"><span>[<\/span>46<span>]<\/span><\/a><\/sup><\/p>\n<p> \tThe preeminence of China and India as major manufacturing countries with unrealised potential has been widely recognised, but some commentators state that China&#8217;s and Russia&#8217;s large-scale disregard for human rights and democracy could be a problem in the future. Human rights issues do not inform the foreign policies of these two countries to the same extent as they do the policies of other large states such as Japan, India, the EU states and the USA. There is also the possibility of conflict over <a href=\"http:\/\/en.wikipedia.org\/wiki\/Taiwan\" title=\"Taiwan\">Taiwan<\/a> in the case of China.<\/p>\n<p> \tThere is also the issue of population growth. The population of Russia has been declining rapidly in the 1990s and only recently did the Russian government predict the population to stabilize and grow in 2020. Brazil&#8217;s and China&#8217;s populations will begin to decline in several decades<sup class=\"Template-Fact\" style=\"white-space:nowrap;\">[<i><a href=\"http:\/\/en.wikipedia.org\/wiki\/Wikipedia:Citation_needed\" title=\"Wikipedia:Citation needed\"><span title=\"This claim needs references to reliable sources from January 2010\">citation needed<\/span><\/a><\/i>]<\/sup>, with their demographic windows closing in several decades as well. This may have implications for those countries&#8217; future, for there might be a decrease in the overall labor force and a negative change in the proportion of workers to retirees.<\/p>\n<p> \tBrazil&#8217;s economic potential has been anticipated for decades, but it had until recently consistently failed to achieve investor expectations.<sup class=\"Template-Fact\" style=\"white-space:nowrap;\">[<i><a href=\"http:\/\/en.wikipedia.org\/wiki\/Wikipedia:Citation_needed\" title=\"Wikipedia:Citation needed\"><span title=\"This claim needs references to reliable sources from June 2010\">citation needed<\/span><\/a><\/i>]<\/sup> Only in recent years has the country established a framework of political, economic, and social policies that allowed it to resume consistent growth. The result has been solid and paced economic development that rival its early 70&#8217;s &#8222;miracle years&#8221;, as reflected in its expanding capital markets, lowest unemployment rates in decades, and consistent international trade surpluses &#8211; that led to the accumulation of reserves and liquidation of foreign debt (earning the country a coveted investment grade by the S&amp;P and Fitch Ratings in 2008).<\/p>\n<p> \tFinally, India&#8217;s relations with its neighbor Pakistan have always been tense. In 1998, there was a nuclear standoff between Pakistan and India.<sup class=\"reference\" id=\"cite_ref-46\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-46\"><span>[<\/span>47<span>]<\/span><\/a><\/sup> Border conflicts with Pakistan, mostly over the long held dispute over Kashmir, has further aggravated any economic ties. This impedes progress by limiting government finances, increasing social unrest, and limiting potential domestic economic demand. Factors such as international conflict, civil unrest, unwise political policy, outbreaks of disease and terrorism are all factors that are difficult to predict and that could have an effect on the destiny of any country.<\/p>\n<p> \tOther critics suggest that BRIC is nothing more than a neat acronym for the four largest emerging market economies,<sup class=\"Template-Fact\" style=\"white-space:nowrap;\">[<i><a href=\"http:\/\/en.wikipedia.org\/wiki\/Wikipedia:Citation_needed\" title=\"Wikipedia:Citation needed\"><span title=\"This claim needs references to reliable sources from June 2010\">citation needed<\/span><\/a><\/i>]<\/sup> but in economic and political terms nothing else (apart from the fact that they are all big emerging markets) links the four. Two are manufacturing based economies and big importers (China and India), but two are huge exporters of natural resources (Brazil and Russia). <i><a href=\"http:\/\/en.wikipedia.org\/wiki\/The_Economist\" title=\"The Economist\">The Economist<\/a><\/i>, in its special report on Brazil, expressed the following view: &#8222;In some ways Brazil is the steadiest of the BRICs. Unlike China and Russia it is a full-blooded democracy; unlike India it has no serious disputes with its neighbors. It is the only BRIC without a nuclear bomb.&#8221; The <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Heritage_Foundation\" title=\"Heritage Foundation\">Heritage Foundation<\/a>&#8216;s &#8222;<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Indices_of_Economic_Freedom\" title=\"Indices of Economic Freedom\">Economic Freedom Index<\/a>&#8222;, which measures factors such as protection of property rights and free trade ranks Brazil (&#8222;moderately free&#8221;) above the other BRICs (&#8222;mostly unfree&#8221;).<sup class=\"reference\" id=\"cite_ref-47\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-47\"><span>[<\/span>48<span>]<\/span><\/a><\/sup> <a href=\"http:\/\/en.wikipedia.org\/wiki\/Henry_Kissinger\" title=\"Henry Kissinger\">Henry Kissinger<\/a> has stated that the BRIC nations have no hope of acting together as a coherent bloc in world affairs, and that any cooperation will be the result of forces acting on the individual nations.<sup class=\"Template-Fact\" style=\"white-space:nowrap;\">[<i><a href=\"http:\/\/en.wikipedia.org\/wiki\/Wikipedia:Citation_needed\" title=\"Wikipedia:Citation needed\"><span title=\"This claim needs references to reliable sources from October 2010\">citation needed<\/span><\/a><\/i>]<\/sup><\/p>\n<p> \tIt is also noticed that BRIC countries have undermined qualitative factors that is reflected in deterioration in Doing Business ranking 2010 and other several human indexes.<sup class=\"reference\" id=\"cite_ref-48\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-48\"><span>[<\/span>49<span>]<\/span><\/a><\/sup><\/p>\n<p> \tIn a not-so-subtle dig critical of the term as nothing more than a shorthand for emerging markets generally, critics have suggested a correlating term, CEMENT (<i>C<\/i>ountries in <i>E<\/i>merging <i>M<\/i>arkets <i>E<\/i>xcluded by <i>N<\/i>ew <i>T<\/i>erminology). Whilst they accept there has been spectacular growth of the BRIC economies, these gains have largely been the result of the strength of emerging markets generally, and that strength comes through having BRICs and CEMENT.<sup class=\"reference\" id=\"cite_ref-49\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-49\"><span>[<\/span>50<span>]<\/span><\/a><\/sup><\/p>\n<h2> \t<span class=\"mw-headline\" id=\"Proposed_inclusions\">Proposed inclusions<\/span><\/h2>\n<p> \tMexico and South Korea are currently the world&#8217;s 13th and 15th largest by <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Nominal_GDP\" title=\"Nominal GDP\">nominal GDP<\/a> just behind the BRIC and G7 economies. Both are experiencing rapid GDP growth of 5% every year, a figure comparable to Brazil from the original BRICs. <a href=\"http:\/\/en.wikipedia.org\/wiki\/Jim_O%27Neill_%28economist%29\" title=\"Jim O'Neill (economist)\">Jim O&#8217;Neill<\/a>, expert from the same bank and creator of the economic thesis, stated that in 2001 when the paper was created, it did not consider Mexico, but today it has been included because the country is experiencing the same factors that the other countries first included present.<sup class=\"reference\" id=\"cite_ref-lefigaro_27-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-lefigaro-27\"><span>[<\/span>28<span>]<\/span><\/a><\/sup><sup class=\"reference\" id=\"cite_ref-UNuniversity_28-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-UNuniversity-28\"><span>[<\/span>29<span>]<\/span><\/a><\/sup> While South Korea was not originally included in the BRICs, recent solid economic growth led to Goldman Sachs proposing to add Mexico and South Korea to the BRICs, changing the acronym to BRIMCK, with Jim O&#8217;Neill pointing out that Korea &#8222;is better placed than most others to realize its potential due to its growth-supportive fundamentals.<sup class=\"reference\" id=\"cite_ref-50\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-50\"><span>[<\/span>51<span>]<\/span><\/a><\/sup> Again Jim O&#8217;Neil recently created the term <a href=\"http:\/\/en.wikipedia.org\/wiki\/MIKT\" title=\"MIKT\">MIKT<\/a> that stands for Mexico, Indonesia, Korea (South Korea), and Turkey <sup class=\"reference\" id=\"cite_ref-51\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-51\"><span>[<\/span>52<span>]<\/span><\/a><\/sup>.<\/p>\n<p> \tA Goldman Sachs paper published later in December 2005 explained why Mexico and South Korea weren&#8217;t included in the original BRICs. According to the paper,<sup class=\"reference\" id=\"cite_ref-Ref-1_4-2\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-Ref-1-4\"><span>[<\/span>5<span>]<\/span><\/a><\/sup> among the other countries they looked at, only Mexico and South Korea have the potential to rival the BRICs, but they are economies that they decided to exclude initially because they looked to them as already more developed. However, due to the popularity of the Goldman Sachs thesis, &#8222;BRIMC&#8221; and &#8222;BRICK&#8221; are becoming more generic marketing terms to refer to these six countries.<\/p>\n<p> \tIn their paper &#8222;BRICs and Beyond&#8221;, Goldman Sachs stated that &#8222;Mexico, the four BRIC countries and South Korea should not be really thought of as emerging markets in the classical sense&#8221;, adding that they are a &#8222;critical part of the modern globalised economy&#8221; and &#8222;just as central to its functioning as the current G7&#8221;.<sup class=\"reference\" id=\"cite_ref-www2.goldmansachs.com_52-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-www2.goldmansachs.com-52\"><span>[<\/span>53<span>]<\/span><\/a><\/sup><\/p>\n<p> \tThe term is primarily used in the economic and financial spheres as well as in <a href=\"http:\/\/en.wikipedia.org\/wiki\/Academia\" title=\"Academia\">academia<\/a>. Its usage has grown specially in the investment sector, where it is used to refer to the bonds emitted by these emerging markets governments.<sup class=\"reference\" id=\"cite_ref-correio_53-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-correio-53\"><span>[<\/span>54<span>]<\/span><\/a><\/sup><sup class=\"reference\" id=\"cite_ref-bstandard_54-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-bstandard-54\"><span>[<\/span>55<span>]<\/span><\/a><\/sup><sup class=\"reference\" id=\"cite_ref-companynews_55-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-companynews-55\"><span>[<\/span>56<span>]<\/span><\/a><\/sup><\/p>\n<h3> \t<span class=\"mw-headline\" id=\"Mexico\">Mexico<\/span><\/h3>\n<p> \tPrimarily, along with the BRICs,<sup class=\"reference\" id=\"cite_ref-56\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-56\"><span>[<\/span>57<span>]<\/span><\/a><\/sup> Goldman Sachs argues that the economic potential of Brazil, Russia, India, Mexico and <a href=\"http:\/\/en.wikipedia.org\/wiki\/China\" title=\"China\">China<\/a> is such that they may become (with the USA) the six most dominant economies by the year 2050. Due to Mexico&#8217;s rapidly advancing infrastructure, increasing middle class and rapidly declining poverty rates it is expected to have a higher GDP per capita than all but three European countries by 2050, this new found local wealth also contributes to the nation&#8217;s economy by creating a large domestic consumer market which in turn creates more jobs.<\/p>\n<table class=\"wikitable\">\n<caption> \t\tMexico in 2050<sup class=\"reference\" id=\"cite_ref-57\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-57\"><span>[<\/span>58<span>]<\/span><\/a><\/sup><\/caption>\n<tbody>\n<tr>\n<td> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/GDP\" title=\"GDP\">GDP<\/a> in <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/USD\" title=\"USD\">USD<\/a><\/td>\n<td> \t\t\t\t$9.340 trillion<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/GDP_per_capita\" title=\"GDP per capita\">GDP per capita<\/a><\/td>\n<td> \t\t\t\t$63,149<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/GDP_growth\" title=\"GDP growth\">GDP growth<\/a> (2015\u20132050)<\/td>\n<td> \t\t\t\t4.0%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Population\" title=\"Population\">Total population<\/a><\/td>\n<td> \t\t\t\t142 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3> \t<span class=\"mw-headline\" id=\"South_Korea\">South Korea<\/span><\/h3>\n<div class=\"thumb tright\">\n<div class=\"thumbinner\" style=\"width:222px;\"> \t\t<a class=\"image\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:Gangnam_Station_and_Samsung_Town,_New_Downtown_Seoul_in_Korea.jpg\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"thumbimage\" height=\"132\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/d\/db\/Gangnam_Station_and_Samsung_Town%2C_New_Downtown_Seoul_in_Korea.jpg\/220px-Gangnam_Station_and_Samsung_Town%2C_New_Downtown_Seoul_in_Korea.jpg\" width=\"220\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"http:\/\/en.wikipedia.org\/wiki\/File:Gangnam_Station_and_Samsung_Town,_New_Downtown_Seoul_in_Korea.jpg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Seoul\" title=\"Seoul\">Seoul<\/a>, South Korea<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> \tSouth Korea is by far the most highly <a href=\"http:\/\/en.wikipedia.org\/wiki\/Developed_country\" title=\"Developed country\">developed country<\/a> when compared to the BRICs and N-11s. It has achieved an incomparable level of development compared to these groups, with its <a href=\"http:\/\/en.wikipedia.org\/wiki\/Human_Development_Index\" title=\"Human Development Index\">Human Development Index<\/a> higher than some of the world&#8217;s most advanced economies, including <a href=\"http:\/\/en.wikipedia.org\/wiki\/France\" title=\"France\">France<\/a>, <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/UK\" title=\"UK\">UK<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Austria\" title=\"Austria\">Austria<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Denmark\" title=\"Denmark\">Denmark<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Finland\" title=\"Finland\">Finland<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Belgium\" title=\"Belgium\">Belgium<\/a>. When compared to other <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/OECD\" title=\"OECD\">OECD<\/a> members in 2010, South Korean workers had a higher disposable income than <a href=\"http:\/\/en.wikipedia.org\/wiki\/Germany\" title=\"Germany\">Germany<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Japan\" title=\"Japan\">Japan<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Sweden\" title=\"Sweden\">Sweden<\/a>, by far the highest in Asia with the strongest growth rate that is more than quadruple that of the <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States\" title=\"United States\">United States<\/a> in the same period. Despite these conditions, it has been achieving growth rates of 4-6%, a figure more than double to triple that of other advanced economies. More importantly, it has a significantly higher Growth Environment Score (Goldman Sachs&#8217; way of measuring the long-term sustainability of growth) than all of the BRICs or N-11s.<sup class=\"reference\" id=\"cite_ref-www2.goldmansachs.com_52-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-www2.goldmansachs.com-52\"><span>[<\/span>53<span>]<\/span><\/a><\/sup> Commentators such as William Pesek Jr. from <a href=\"http:\/\/en.wikipedia.org\/wiki\/Bloomberg_L.P.\" title=\"Bloomberg L.P.\">Bloomberg<\/a> argue that Korea is &#8222;Another &#8216;BRIC&#8217; in Global Wall&#8221;, suggesting that it stands out from the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Next_Eleven\" title=\"Next Eleven\">Next Eleven<\/a> economies. By <a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_%28PPP%29\" title=\"List of countries by GDP (PPP)\">GDP (PPP)<\/a>, South Korea already overtook a <a href=\"http:\/\/en.wikipedia.org\/wiki\/G7\" title=\"G7\">G7<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/G8\" title=\"G8\">G8<\/a> economy, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Canada\" title=\"Canada\">Canada<\/a>, in 2009, surpassing <a href=\"http:\/\/en.wikipedia.org\/wiki\/Spain\" title=\"Spain\">Spain<\/a> in 2010. According to the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/IMF\" title=\"IMF\">IMF<\/a> World Economic Outlook, it will overtake <a href=\"http:\/\/en.wikipedia.org\/wiki\/Italy\" title=\"Italy\">Italy<\/a> in 2014 and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Mexico\" title=\"Mexico\">Mexico<\/a> in 2016 to become one of the world&#8217;s top ten economies and the 6th largest among developed countries. In terms of <a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_past_and_future_GDP_%28PPP%29_per_capita\" title=\"List of countries by past and future GDP (PPP) per capita\">GDP per capita (PPP)<\/a>, South Korea has surpassed many developed countries, including <a href=\"http:\/\/en.wikipedia.org\/wiki\/Portugal\" title=\"Portugal\">Portugal<\/a> in 2003, <a href=\"http:\/\/en.wikipedia.org\/wiki\/New_Zealand\" title=\"New Zealand\">New Zealand<\/a> in 2008 and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Greece\" title=\"Greece\">Greece<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Spain\" title=\"Spain\">Spain<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/Italy\" title=\"Italy\">Italy<\/a> in 2010. At current speeds, it will surpass <a href=\"http:\/\/en.wikipedia.org\/wiki\/Japan\" title=\"Japan\">Japan<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/France\" title=\"France\">France<\/a> in 2016. While measuring the <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/South_Korean_economy\" title=\"South Korean economy\">South Korean economy<\/a> by <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Nominal_GDP\" title=\"Nominal GDP\">nominal GDP<\/a> is inaccurate as the <a href=\"http:\/\/en.wikipedia.org\/wiki\/South_Korean_won\" title=\"South Korean won\">South Korean won<\/a> is artificially kept low to boost <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Exports\" title=\"Exports\">exports<\/a>, economists from other investment firms argue that even when measured by <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/Nominal_GDP\" title=\"Nominal GDP\">nominal GDP per capita<\/a>, South Korea will achieve over $96,000 by 2050, surpassing the <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States\" title=\"United States\">United States<\/a> and by far the wealthiest among the world&#8217;s major economies, suggesting that wealth is more important than size for bond investors, stating that Korea&#8217;s credit rating will be rated AAA sooner than 2050.<sup class=\"reference\" id=\"cite_ref-58\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-58\"><span>[<\/span>59<span>]<\/span><\/a><\/sup><\/p>\n<h4> \t<span class=\"mw-headline\" id=\"United_Korea\">United Korea<\/span><\/h4>\n<div class=\"thumb tright\">\n<div class=\"thumbinner\" style=\"width:222px;\"> \t\t<a class=\"image\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3APyongyang_western_view_April_2010.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1632\" alt=\"\" class=\"thumbimage\" height=\"165\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/220px-Pyongyang_western_view_April_2010.jpg\" width=\"220\" \/><\/a> \t\t<\/p>\n<div class=\"thumbcaption\">\n<div class=\"magnify\"> \t\t\t\t<a class=\"internal\" href=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/File%3APyongyang_western_view_April_2010.jpg\" title=\"Enlarge\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"11\" src=\"http:\/\/bits.wikimedia.org\/static-1.20wmf2\/skins\/common\/images\/magnify-clip.png\" width=\"15\" \/><\/a><\/div>\n<p> \t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Pyongyang\" title=\"Pyongyang\">Pyongyang<\/a>, North Korea<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> \tIn September 2009, Goldman Sachs published its 188th Global Economics Paper named &#8222;A United Korea?&#8221; which highlighted in detail the potential economic power of a United Korea, which will surpass all current G7 countries except the <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States\" title=\"United States\">United States<\/a>, such as <a href=\"http:\/\/en.wikipedia.org\/wiki\/Japan\" title=\"Japan\">Japan<\/a>, the <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_Kingdom\" title=\"United Kingdom\">United Kingdom<\/a>, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Germany\" title=\"Germany\">Germany<\/a> and <a href=\"http:\/\/en.wikipedia.org\/wiki\/France\" title=\"France\">France<\/a> within 30\u201340 years of reunification, estimating GDP to surpass $6 trillion by 2050.<sup class=\"reference\" id=\"cite_ref-koreatimes.co.kr_59-0\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-koreatimes.co.kr-59\"><span>[<\/span>60<span>]<\/span><\/a><\/sup> The young, skilled labor and large amount of natural resources from the North combined with advanced technology, infrastructure and large amount of capital in the South, as well as Korea&#8217;s strategic location connecting three economic powers, is likely going to create an economy larger than the bulk of the G7. According to some opinions, a <a href=\"http:\/\/en.wikipedia.org\/wiki\/Korean_reunification\" title=\"Korean reunification\">reunited Korea<\/a> could occur before 2050,<sup class=\"reference\" id=\"cite_ref-koreatimes.co.kr_59-1\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-koreatimes.co.kr-59\"><span>[<\/span>60<span>]<\/span><\/a><\/sup> or even between 2010 and 2020.<sup class=\"reference\" id=\"cite_ref-60\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-60\"><span>[<\/span>61<span>]<\/span><\/a><\/sup> If it occurred, Korean reunification would immediately raise the country&#8217;s population to over 70 million.<sup class=\"reference\" id=\"cite_ref-61\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-61\"><span>[<\/span>62<span>]<\/span><\/a><\/sup><\/p>\n<table class=\"wikitable\">\n<caption> \t\t<b>Korea in 2050<\/b><sup class=\"reference\" id=\"cite_ref-62\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/BRIC#cite_note-62\"><span>[<\/span>63<span>]<\/span><\/a><\/sup><\/caption>\n<tbody>\n<tr>\n<th> \t\t\t\t\u00a0<\/th>\n<th> \t\t\t\t<span class=\"flagicon\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/Korea\" title=\"Korea\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1633\" alt=\"Korea\" class=\"thumbborder\" height=\"15\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/22px-Unification_flag_of_Korea.svg.png\" width=\"22\" \/><\/a><\/span> <a href=\"http:\/\/en.wikipedia.org\/wiki\/Korean_reunification\" title=\"Korean reunification\">United Korea<\/a><\/th>\n<th> \t\t\t\t<span class=\"flagicon\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1634\" alt=\"\" class=\"thumbborder\" height=\"15\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/22px-Flag_of_South_Korea.svg.png\" width=\"22\" \/>\u00a0<\/span><a href=\"http:\/\/en.wikipedia.org\/wiki\/South_Korea\" title=\"South Korea\">South Korea<\/a><\/th>\n<th> \t\t\t\t<span class=\"flagicon\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1635\" alt=\"\" class=\"thumbborder\" height=\"11\" src=\"https:\/\/noi3.org\/site\/wp-content\/uploads\/2012\/05\/22px-Flag_of_North_Korea.svg.png\" width=\"22\" \/>\u00a0<\/span><a href=\"http:\/\/en.wikipedia.org\/wiki\/North_Korea\" title=\"North Korea\">North Korea<\/a><\/th>\n<\/tr>\n<tr>\n<td> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/GDP\" title=\"GDP\">GDP<\/a> in <a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/USD\" title=\"USD\">USD<\/a><\/td>\n<td> \t\t\t\t$6.056 trillion<\/td>\n<td> \t\t\t\t$4.073 trillion<\/td>\n<td> \t\t\t\t$1.982 trillion<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/GDP_per_capita\" title=\"GDP per capita\">GDP per capita<\/a><\/td>\n<td> \t\t\t\t$86,000<\/td>\n<td> \t\t\t\t$96,000<\/td>\n<td> \t\t\t\t$70,000<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t<a class=\"mw-redirect\" href=\"http:\/\/en.wikipedia.org\/wiki\/GDP_growth\" title=\"GDP growth\">GDP growth<\/a> (2015\u20132050)<\/td>\n<td> \t\t\t\t4.8%<\/td>\n<td> \t\t\t\t3.9%<\/td>\n<td> \t\t\t\t11.4%<\/td>\n<\/tr>\n<tr>\n<td> \t\t\t\t<a href=\"http:\/\/en.wikipedia.org\/wiki\/Population\" title=\"Population\">Total population<\/a><\/td>\n<td> \t\t\t\t71 million<\/td>\n<td> \t\t\t\t42 million<\/td>\n<td> \t\t\t\t28 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brazil, Russia, India, China BRIC Federative Republic of Brazil President (head of state and government): Dilma Rousseff Russian Federation President (head of state): Vladimir Putin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[725,726],"class_list":["post-1636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie","tag-bric","tag-caracteristici"],"_links":{"self":[{"href":"https:\/\/site.noi3.org\/index.php?rest_route=\/wp\/v2\/posts\/1636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/site.noi3.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/site.noi3.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/site.noi3.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/site.noi3.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1636"}],"version-history":[{"count":0,"href":"https:\/\/site.noi3.org\/index.php?rest_route=\/wp\/v2\/posts\/1636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/site.noi3.org\/index.php?rest_route=\/wp\/v2\/media\/1618"}],"wp:attachment":[{"href":"https:\/\/site.noi3.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/site.noi3.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/site.noi3.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}