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Published in:
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2019 | OriginalPaper | Chapter

1. Introduction

Authors : Yao Ouyang, Xianzhong Yi, Lingxiao Tang

Published in: Growth and Transformation of Emerging Powers

Publisher: Springer Singapore

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Abstract

With the start of the twenty-first century, emerging economies represented by the Brics countries have shown a trend of rising as a group and become a new engine of global economic growth. As major emerging market countries, China, India, Russia, Brazil and South Africa demonstrated sustained and rapid economic growth. Their shares in global GDP increased from 17% in 2000 to 50% in 2010, and reached around 60% in 2012. According to the Global Economic Prospects published by the International Monetary Fund (IMF) in early 2012, the economic growth rate of China, India and Russia in 2011 was 9.2, 7.4 and 4.1% respectively, far higher than the average global economic growth rate. The economic growth rate of Brazil and South Africa was also far higher than the average level of developed countries. With the rapid economic growth, the Brics countries have gradually enhanced their international competitiveness and their rankings in the world have kept on rising.

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next chapter Analysis of Dynamic Mechanism of Economic Growth in Large Developed Countries
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Metadata
Title
Introduction
Authors
Yao Ouyang
Xianzhong Yi
Lingxiao Tang
Copyright Year
2019
Publisher
Springer Singapore
Book
Growth and Transformation of Emerging Powers

Print ISBN: 978-981-329-743-2

Electronic ISBN: 978-981-329-744-9

Copyright Year: 2019

DOI
https://doi.org/10.1007/978-981-32-9744-9_1