Question
the current fundamental shift in BRIIC (the emerging economies of Brazil, Russia, India, Indonesia, and China) economies has been the growing size and income levels
the current fundamental shift in BRIIC (the emerging economies of Brazil, Russia, India, Indonesia, and China) economies has been the growing size and income levels of the middle class. In the space race, China has a sizable world-class technical labor force and high savings and/or investment rates that help contribute to their rising productivity and relatively rapid economic growth. Which concept best describes a world economy in which the engines of growth could comprise several major industrialized and emerging economies, including China, rather than the United States alone ?
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