Despite shared rapid economic growth,BRICs have different development modes

来源 :China Economist | 被引量 : 0次 | 上传用户:lostlovestefan
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Amid the current international financial crisis,the likes of which likely will never be met in a hundred years,BRICs outperformed developed economies and became an indispensable force in promoting global economic recovery.This paper made a comprehensive comparison of the characteristics,potential and weaknesses of the BRIC countries from the four perspectives of growth momentum,industrialization and urbanization,relationship between government and the market in economic development,and challenges in future growth.In the end,the article pointed out that whether the BRICs can exert greater impact in global development depends on their sustainable development. Amid the current international financial crisis, the likes of which likely will never be met in a hundred years, BRICs outperformed developed economies and became an indispensable force in promoting global economic recovery.This paper made a comprehensive comparison of the characteristics, potential and weaknesses of the BRIC countries from the four perspectives of growth momentum, industrialization and urbanization, relationship between government and the market in economic development, and challenges in future growth.In the end, the article pointed out that the the the BRICs can exert greater impact in global development depends on their sustainable development.
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