Forget the BRICs it’s the CIVETS now – the new developing world

The past decade was all about the BRICs, the massive economies of Brazil, Russia, India and China, which kicked off at the beginning of the new century, boomed and are now slowing like the rest of the developed world frutiger 폰트. Taking their place is a new group of fast-rising economies promising businesses outsized returns.

The next decade could belong to the CIVETS – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa – whose rising middle class, young populations and rapid growth rates make the BRICs look dull in comparison java 첨부파일.

Hardly emerging economies anymore – China is the world’s second largest economy and Brazil will take seventh place this year – that their pace would slow down was inevitable 다운로드.

Now more connected by trade to the developed economies, the BRICs are feeling the same slowdown effects as the developed economies.  And, in the case of China and Brazil, they are also wrestling with the strains of their rapid ascensions 웹툰 이끼 다운로드. Real estate bubbles, currency control issues and hyper-wage inflation are sending global companies elsewhere for growth.

Brazil is forecast to grow a mere 3% this year 다운로드. China, while still targeting a strong GDP growth rate of 7-8% in 2012, is well off its double-digit rates of the past decade. Russia, meanwhile, which can’t kick its dependency on oil exports and endured the retrograde re-election of Vladimir Putin, may grind out 3.2% growth this year 다운로드. India is also slowing, with a GDP target of 6.9% growth in 2012, a sharp decline from its 2010 pace of 9.6%.

The CIVETS, meanwhile, are at the lift-off point…

 

Keep reading – The decade of the CIVETS

 

 

Continue reading Forget the BRICs it’s the CIVETS now – the new developing world

Where are you on global pay scale?

Do you earn more or less than the world’s average wage?

World average monthly wage: $1,480

  • Luxembourg – $4,089
  • United States – $3,263
  • Canada – $2,724
  • Germany – $2,720
  • China – $656

The average wage, calculated by the International Labour Organization, is published here for the first time apr 다운로드. It’s a rough figure based on data from 72 countries, omitting some of the world’s poorest nations. All figures are adjusted to reflect variations in the cost of living from one country to another, and as Ruth Alexander of BBC radio’s More or Less programme underlines, it’s all about wage earners, not the self-employed or people on benefits 리눅스 ntp.

 

Click to view the interactive version (shows wage of each country) 다운로드.

Continue reading Where are you on global pay scale 영어 동화 다운로드?