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| 1 |
ID:
114460
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| Publication |
2012.
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| Summary/Abstract |
THE PLACE OF THE BRICS in the system of global governance is determined by their growing impact on the world economy. To quote Jim O'Neill, who predicted the growth of the BRIC economies in 2001 : "All four of the BRIC countries have exceeded the expectations I had of them back in 2001. Looking back, those earliest predictions, shocking to some at the time, now seem rather conservative. The aggregate GDP has close to quadrupled since 2001, from around $3 trillion to between $11 and $12 trillion. The world economy has doubled in size since 2001, and a third of that growth has come from the BRICs. Their combined GDP increase was more than twice that of the United States and it was equivalent to the creation of another new Japan plus one Germany, or five United Kingdoms, in the space of a single decade. ... BRICs now account for probably close to 20pc of world trade compared with less than 10?c in 2001. Trade between the BRICs has risen far more quickly than global trade as a whole."1
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| 2 |
ID:
083272
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| Publication |
2008.
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| Summary/Abstract |
THE G8 SUMMIT IN HEILIGENDAMM was acknowledged as one of major successes in the history of German G8 chairmanship. Undoubtedly, Heiligendamm process l which takes over the G8 dialogue with Brazil, China, India, Mexico, and South Africa, countries with emerging market economies, to a new level of partnership on key issues of global governance, has become a vital outcome of the German chairmanship and the summit. The OECD was asked to provide a platform for the structured dialogue process with support of the ?? on energy efficiency issues. ...
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