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Brazil's economy overtakes UK's

Brazil's economy overtakes UK's | Geography Education | Scoop.it
Brazil has overtaken the UK as the world's sixth largest economy, the Centre for Economics and Business Research says.

 

The "BRIC" countries are surging forward and are seen as major players in the global economy (Brazil, Russia, India and China). Brazil just recently past the U.K. as the 6th largest economy.  China passed Japan not more than a year ago.    Furthermore, Russia and India are poised to pass the traditional European economic powers (U.K., Germany, France and Italy) by 2020.  In this restructuring of the global economy, what will the impacts be on various regions of the world? 

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Elizabeth Allen's comment, November 16, 2012 5:28 PM
The statistics prove that Brazil is higher ranking economically that the UK. Brazil is succeeding economically. It must have to with their natural resources and financial gains of exporting goods.
Cam E's curator insight, February 11, 11:46 AM

BRIC has always interested me as an alternative to the traditional centers of economic power. The four BRIC countries are all powerful up and comers and their positioning all around the world and lack of cultural commonality make them a very intriguing force.

Jacob Crowell's curator insight, October 20, 11:55 AM

The rise of the BRIC countries shows that the global economy is changing due to globalization. Now that transportation is cheaper, communication is more fluid, and economies can intermingle easier than before, countries can be more competitive with previous economic powers. I find it interesting that it is likely that in the next century we will see the US slipping further down this list.

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