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Old 11-02-2011, 12:13 PM
 
Location: Republic of New England
633 posts, read 1,282,680 times
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I adore Brazil... Great job BRAZIL
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Old 11-02-2011, 12:14 PM
 
Location: Leeds, UK
22,234 posts, read 23,704,256 times
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Unlikely, it's hard to give such large populations like those found in Brazil, China and India the standard of living you find in Western nations. Plus, the only real reason for their large economic growth is low or unpaid labour for long, long hours.
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Old 11-02-2011, 12:18 PM
 
Location: East Coast of the United States
17,303 posts, read 19,577,939 times
Reputation: 13092
In today's world, you have to look at the economies of individual cities (including their metropolitan areas) to get a real picture of where wealth is concentrated.
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Old 11-02-2011, 12:24 PM
 
693 posts, read 818,587 times
Reputation: 1546
Quote:
Originally Posted by Roflguy2012 View Post
Jeez, give them a time, give them at least 50 years, with this growth the Americas, UKs and Frances will look like mini Somalias compared to the BRICS

If you honestly think that North American and Western European countries will look "like mini Somalias" in terms of their living conditions vs the BRICS nations, then you're seriously delusional (even more so if you think it'll happen in 50 years). Here's the 2050 GDP per Capita PPP estimates by PWC (http://www.pwc.com/gx/en/world-2050/pdf/world2050emergingeconomies.pdf): (broken link)

USA: 88,443
UK: 75,855
Canada: 75,425
France: 74,685
Australia: 74,000
Japan: 70,646
Germany: 68,261
Spain: 66,552
Italy: 66,165

Russia: 43,586
China: 35,851
Brazil: 34,448
India: India: 21,872

Even these numbers are giving the BRICS a lot imho. The reason the BRICS nations are growing at such a rapid speed currently is because they are primary poor and underdeveloped countries (unlike North American & W. Europe). Once they start to become more developed, their growth rates will slow drastically. Plus, this is assuming that there is no major break in the system (i.e. wars, climate change, depressions, recessions, etc.) that could severely alter such predictions (some even predict nations like China are in one giant bubble and will see a hard landing). Growth rates for Brazil and China (not sure about India or Russia) are already predicted to decrease for 2012. I'm all for giving credit where credit is due and I applaud Brazil for their accomplishments thus far, but the BRICS still have a LONG way to go before they can even come close to touching the living standards of the West (if they ever do, doubtful imho).

Last edited by CityLover9; 11-02-2011 at 12:34 PM..
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Old 11-03-2011, 01:26 AM
 
Location: Belgium
1,173 posts, read 1,675,652 times
Reputation: 1413
I just keep on being sceptical when it comes to those "miracle stories" of the BRIC countries (or BRICS, since apparently South-Africa is also a part of it nowadays). Although I acknowledge there's been a tremendous improvement in those countries, it remains to be seen if they can take the next step, to the level of a truly developed country...
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Old 11-03-2011, 05:42 AM
 
Location: Barcelona, Spain
281 posts, read 674,005 times
Reputation: 245
Quote:
Originally Posted by CityLover9 View Post
The reason the BRICS nations are growing at such a rapid speed currently is because they are primary poor and underdeveloped countries. Once they start to become more developed, their growth rates will slow drastically.
Precisely.

"Middle income trap", look it up.
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Old 11-03-2011, 05:48 AM
 
Location: The western periphery of Terra Australis
24,683 posts, read 45,438,578 times
Reputation: 11862
With their population and size that's the way it should be.
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Old 11-05-2011, 10:23 AM
 
Location: Manila
1,144 posts, read 1,582,045 times
Reputation: 736
Its about time Brazil succeeded economically!
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Old 11-05-2011, 04:57 PM
 
Location: Rio de Janeiro, Brazil
597 posts, read 1,157,632 times
Reputation: 414
Quote:
Originally Posted by Rob702 View Post
Brazil, as well as China and India still have a long way to go before they can provide a first world standard of living to most of their citizens. Per capita income is way higher in the UK, France and Germany and this will be the case for a long time. Who cares about absolute numbers? Per capita it is still the western countries that top the list, plus Korea and Japan.
This is just the beginning.
"A great walk always start with the first step."
Here we go!.
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Old 11-06-2011, 01:11 AM
 
Location: Manila
1,144 posts, read 1,582,045 times
Reputation: 736
Quote:
Originally Posted by BRAZILIAN View Post
This is just the beginning.
"A great walk always start with the first step."
Here we go!.
Absolutely! One of the most constant things in this world is change!
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