Please read the attached article by Jim O'Neill. It is a follow up to his original paper 10 years ago about his prediction of the potential growth of the BRIC Economies (Brazil, Russia, India and China). He makes us question the role of the G7, with China now the second biggest economy in the world and Brazil set to surpass France and Britain to become the 5th largest economy. Also Russia and India are bigger than Canada. The world order is changing as he states that by 2020 the GDP of the 8 Growth Nations will equal that of the G7. Whilst the European crisis is important for the future of the United Kingdom it is important not to neglect other parts of the world as O'Neill argues this may be where the future lies.
The Telegraph Article Here
No comments:
Post a Comment