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Title:Brazil, Russia, India, China and South Africa: Strong economic growth - major challenges PDF Logo
Authors:Schrooten, Mechthild
Issue Date:2011
Citation:[Journal:] DIW Economic Bulletin [ISSN:] 2192-7219 [Volume:] 1 [Year:] 2011 [Issue:] 4 [Pages:] 18-22
Abstract:Brazil, Russia, India, China and South Africa - the so-called BRICS countries - all show high economic growth rates. They suffered only shortly under the turbulences of the international financial crisis in 2008/2009 and were able to recover quickly - in contrast to most industrialized nations. In recent times of economic fragility in industrialized countries, the BRICS are playing a decisive role for global economic stabilization. The BRICS countries opt for different catching-up strategies. Although they have experienced remarkable growth rates over the past years, similar income levels like in the most important industrialized countries are still beyond reach in the medium term. Additionally, BRICS states still show considerable deficits in terms of access to education and regarding their health systems. Such infrastructural problems, however, can be important obstacles for future development.
Subjects:development
international economic order
human development
comparative studies of countries
JEL:F02
O15
O57
Document Type:Article
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW Economic Bulletin

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