Macroeconomics

1
the BRIC economies
Gavin Cameron University of Oxford
OUBEP Topical Economics 2006
2
introduction

• The BRIC Economies Brazil, Russia, India,
  China.
• Currently equal 15 of G6 GDP (?23bn).
• GS forecast says they may equal 155 by 2050.
• Can Brazil cope with resource authoritarianism
  in Latin America?
• Can Russia revive its non-commodity industries?
• Can India diversify from Anglophone services?
• Can China make the transition from state
  mercantilism to consumer markets?
• What is the future of oil and commodity prices?
• How can Europe compete?

3
three days of TEP

• Wednesday
• The Future of World Growth Nick Crafts
• Thursday
• Brazil Edmund Amann
• Macroeconomic Imbalances Gavin Cameron
• Russia Chris Davis
• Oil Kevin Sheppard
• Guest Speaker Guy Monson, CIO, Sarasin
  Investment Mgmt
• Friday
• India Musthtaq Khan
• China Linda Yueh
• How Can Europe Compete? Gavin Cameron