Download - The BRICs are taking control
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BRIC COUNTRIESTom Dewaele 2FV04
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Contents
1. BRIC, WTH???
2. Predictions for 2050
3. What are “emerging markets”?
4. The BRIC ‘n MITSK
5. The Brazilian giant woke up
6. U.S. Economy up against a BRIC wall
7. Conclusion
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BRIC, WTH???
• Acronym• Jim O’Neil (2001)• The Big Four• Fastest growing &
largest emerging• 3 billion people• 25% of global GDP• Future?
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Predictions for 2050
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What are “emerging markets”?
• Concept: 30 years ago• Replacement for
pejorative “Third World”-tag• Rapid growth and industrialization• Jim O’Neill: “term is no longe helpful”
(2012)• 1% of Global GDP• Potential to rise
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The BRIC ‘n MITSK
• January 2012 => Jim O’Neill• Adds 4 new countries• Mexico, Indonesia, Turkey,
South-Korea• Account in global GDP
Mexico Indonesia Turkey South-Korea
1.6 % 1.1 % 1.2 % 1.6 %
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The Brazilian giant woke up
• Economic growth figures (2011)– Not as strong as hoped+ 6th biggest economy in the world!!+ Highest currency appreciation
• 2.7% (<=>7.5% in 2010)
• Estimates for 2012
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Estimates 2012
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The Brazilian giant woke up
• Brazil USED to be => Pais do Futuro
• Due to:– Economic crisis– Political crisis
• Future never seemed to come
• However... the last ten years:
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Brazil’s past 10 years
• Agriculture superpower• Massive oil reserves• Paid debts to IMF• Rise of new middle class
=> Purchasing Power• Lifted thousand out of poverty• Wave of construction
– 2011: 22 new shopping centers
• Host for:– World Cup 2014– Olympics 2016
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Conclusion: U.S. Economy up against a BRIC Wall??
• Economic center of gravity of the world=> is shifting
• Towards BRIC – Countries• Double reason:
– Rise of emerging markets– Decline in U.S and Eurozone economy
V.S.
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BRIC COUNTRIESTom Dewaele 2FV04
Thank you for listening and watching,