The BRICSAM Countries and Changing World Economic Power
Scenarios to 2050
This paper analyzes the rapid economic growth in the large developing countries collectively known as BRICSAM (Brazil, Russia, India, China, South Africa and Mexico). It examines this potential building on developments in these economies over the past four decades in the context of the evolution of the world economy. The author argues that this evolution has two significant features: increasing economic integration and a hiatus in growth. He forecasts that BRICSAM economies' growth out to 2025 and 2050, as measured by their shares of world trade, add weight to suggestions that the economies of China and India will become major players in the decades ahead.
© 2008 Centre for International Governance Innovation (CIGI)