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?