Emerging economic powers

Emerging economic powers

1. Traditional powers are losing their dominance

2. China

   • World's 2nd largest economy
   • World's largest foreign reserves
   • Characteristics
     • Capitalist market
     • Top destination for multinationals
     • World's top manufacturer
   • Weak points
     • Harsh working conditions
     • Great inequalities
     • Serious environmental degradation

3. Brazil

   • World's ninth largest economy
   • Characteristics
     • Cheap labour
     • Growing domestic market
     • Vast natural and energy resources
       • Self-sufficient in energy
       • Major producer of
         • agricultural products
         • Mineral resources
         • Forest products
   • Weak points
     • Income extremes widespread poverty
     • Environmental degradation

4. India

   • Charcteristics
     • Use of English in business
     • Strong domestic demand
     • High skilled workers
     • Rich in natural resources
     • Modern technology
     • Low wages
   • Weak points
     • Subsistence economy

5. Russia

   • Difficulty adopting capitalism
     • It was communist until 1991
   • Great economic potential
   • High skilled workers
   • Essential resources
     • Reserves of oil and natural gas
     • Strategic position
   • Weak points
     • Antiquated technology
     • Corruption

6. South Africa

   • Characteristics
     • Rich in natural resources
     • Highest GDP in Africa
     • Poverty
     • High crime rate
     • High incidence of AIDS