How can we evaluate the superpower potental of the world’s emerging powers? - BRICK
(Brazil, Russia, India, China)
Emerging powers-
Current economic climate= USA and EU (46% of the global GDP)
China’s economy is growing.
EU and Japan both have ageing populatons.
Things that are likely to change-
Ageing populatons will slow economic growth.
USA‘s economic and populaton growth is likely to be a moderate.
Chinas economy is looking to shif from secondary to tertary which will increase GDP.
Other demographically large countries (Nigeria, India, and Indonesia) are also undergoing
growth which could rival the worlds existng large economies.
Future superpower groups: BRIC- and G20- the world’s largest 19 countries + the EU. G20
account for 85% of the world trade.
The EU-
- 28 member states rarely agree on decisions.
- Economy has been weak since the recession in 2008.
- Has an ageing populaton.
- Brexit means it will lose one of its biggest players.
- UK and France are nuclear powers- Brexit will change this.
- Politcal instability across the contnent is seeing other natons considering to leave.
(Brazil, Russia, India, China)
Emerging powers-
Current economic climate= USA and EU (46% of the global GDP)
China’s economy is growing.
EU and Japan both have ageing populatons.
Things that are likely to change-
Ageing populatons will slow economic growth.
USA‘s economic and populaton growth is likely to be a moderate.
Chinas economy is looking to shif from secondary to tertary which will increase GDP.
Other demographically large countries (Nigeria, India, and Indonesia) are also undergoing
growth which could rival the worlds existng large economies.
Future superpower groups: BRIC- and G20- the world’s largest 19 countries + the EU. G20
account for 85% of the world trade.
The EU-
- 28 member states rarely agree on decisions.
- Economy has been weak since the recession in 2008.
- Has an ageing populaton.
- Brexit means it will lose one of its biggest players.
- UK and France are nuclear powers- Brexit will change this.
- Politcal instability across the contnent is seeing other natons considering to leave.
