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TMI 184 - April 2010 |
Unprecedented Opportunity: The BRIC countries under a new economic lens
Fiona Deroo, Executive, International Business Development Office, Global Corporate Banking, Bank of America Merrill Lynch
Categories: Emerging Markets, Foreign Exchange, Tax, Technology, Regulatory, Economy
As companies jockey to benefit from the changing dynamics of globalisation, a handful of emerging economies are enjoying an ever-expanding sphere of influence. Brazil, Russia, India, and China widely referred to as the BRIC countries, now carry significant clout on a global stage. Together, these four nations, while not formally aligned politically, are emerging as important locations for aspiring businesses in all industries. It may not be long before virtually every company will do business with the BRIC countries. The author explains the enormous ramifications this would bring with it, alongside the many new challenges, from a banking perspective.
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