Abstract
A key idea in this book is that emerging markets are changing the face of the global economy but that their ability to dominate in non-economic spheres is more uncertain. This chapter focuses on the central dimensions of their economic domination; namely, their growing contributions to global economic growth, inflation, trade and finance. This data-heavy chapter aims at giving a sense of the overall size and forms of the emerging markets’ engagement with the global economy and thereby provide the foundation for a deeper analysis in later chapters of the sustainability of the BRIC miracle.
Keywords
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2012 Francesca Beausang
About this chapter
Cite this chapter
Beausang, F. (2012). BRICs and Global Economic Power. In: Globalization and the BRICs. Palgrave Macmillan, London. https://doi.org/10.1057/9781137271600_3
Download citation
DOI: https://doi.org/10.1057/9781137271600_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-31816-2
Online ISBN: 978-1-137-27160-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)