Emerging economies

　　　　An emerging economy refers to a country or region’s vigorous economic development and becoming an emerging economic entity. There is no accurate definition at present. The British Economist divides emerging economies into two echelons: the first echelon is China, Brazil, Indian and Russian, also known as BRIC countries; The second echelon includes Mexico, South Korea, South Africa, Poland, Turkey, Egypt and other "new diamond" countries.

According to the data released by IMF, in 2007, the developed economies only grew by 2.7%, and the emerging and developing economies grew by 8%. In 2010, the GDP of India, Russia and Brazil all exceeded the trillion-dollar mark, and they were promoted to the top 12 in the world economy. China reached 5.75 trillion dollars, ranking second in the world. China, India and Russia have contributed more than half of the global economic growth. The "new diamond" countries have also performed well. It is predicted that in 2025, eight countries including Mexico, Indonesia, Turkey, Iran and Vietnam will rank among the top 20 in the world economy. On the list of the top 500 enterprises in the world in 2008, there are 35 in China and 7 in India.

After the global economic recession in 2008-2009, the global economic recovery was divided, in which the strong growth of emerging markets led to the global economic recovery, while the developed economies were struggling. In 2010, the contribution rate of BRIC countries (Brazil, Russian Federation, Indian and China) to world economic growth continued to exceed 50%. BRIC countries have become an important force in the international community that cannot be ignored. root …