Transcription of Building Better Global Economic BRICs
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Building Better Global Economic BRICs
Important disclosures appear at the end of this Better Global Economic BRICsJim O Neill30th November 2001 Global EconomicsPaper No: 66nIn 2001 and 2002, real GDP growth in large emerging market economies will exceed thatof the end-2000, GDP in US$ on a PPP basis in Brazil, Russia, India and China (BRIC) wasabout of world GDP. On a current GDP basis, BRIC share of world GDP is 8%.nUsing current GDP, China s GDP is bigger than that of the next 10 years, the weight of the BRICs and especially China in world GDP willgrow, raising important issues about the Global Economic impact of fiscal and monetarypolicy in the line with these prospects, world policymaking forums should be re-organised and inparticular, the G7 should be adjusted to incorporate BRIC from theGS Financial Workbenchat thanks to David Blake, Paulo Leme, BinitPatel, Stephen Potter, David Walton and othersin the Economics Department for their Paper No November 2001 goldman sachs Economic Research GroupIn London+44(0)
Global Paper No 66 S.02 30th November 2001 Goldman Sachs Economic Research Group In London +44(0)20 7774 1160 Jim O’Neill, M.D. & Head of Global Economic Research Gavyn Davies, M.D. & Chief International Economist
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