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Brazil, India And China - Global Crisis
The first global crisis that emanated from the United States and the European banking system is now, it is Brazil, the growing power of China and India need to be corrected? What is the importance of these emerging powers - in terms of demand, savings and investment in the case - the world has ever come out of a deep recession?
We G-20 G-7 that globalization of the Executive Committee has the power to see change? The International Monetary Fund and World Bank governance should be reflected in?
But it is true that the economic power of these three countries to reduce its negative consequences, "a period of crisis and expansion in the U.S. and Europe as long as can have a profound impact on the economies of emerging countries . It may actually happen if rich countries import a lot less to live like this for a long period, affecting economies exporting the surplus of trade balance, even if the credit crunch is still.
China and India certainly presents a very high level of savings, but the Brazilian is not. However, the three above-mentioned attractive investment opportunities that emerging countries to invest ...
... in more developed economies can offset the lack of space to offer.
G-7, it no longer expresses a change in the balance of world power. Instead, G-20 of political and economic reality of today is much more representative. But these ad hoc groups have their practical application should be institutionalized in order to decide, and it's not an easy task.
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