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The ability to change is crucial for any nation's growth
News, Prasarn Trairatvorakul, Published on 09/10/2013
ยป What happens in emerging markets matter. Together, they account for more than half of the world's GDP. The group of countries known as Bric _ Brazil, Russia, India and China _ has powered global economic growth since the early 2000s [now known as Brics with the inclusion of South Africa in 2010]. By mid-2009, these economies were growing 7 percentage points faster than the G7 economies and contributed around two-thirds of world output growth.
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