The Importance Of The BRIC Countries To The United States Economy Term Paper

The Importance Of The BRIC Countries To The United States Economy - Term Paper Example As the level of integration amongst the financial markets increases, it is critical for policy makers and global investors to understand the synergy between certain economies. This is important to adjust their portfolios and achieve proper diversification. In many ways, these are unprecedented times. The study and analysis of the relationship between the fastest emerging economies and the United States economy is gaining a lot of attention. The US economy dominates the global economic environment influencing industry trends and market behavior. However, the evolving economies of the BRIC countries have challenged the US economy and it is envisaged that the future holds immense potentials for growth and development in these countries. US trade relations and economic ties with these countries will play an important role in defining future prospects and economic potentials for both US and BRIC countries. The study evaluates the growing significance of the BRIC countries to the US econom y and analyses the factors driving these economic indicators. â€Å"BRIC countries are expected to contribute one-third of the world's GDP increment in 2015, by which time their total economy will surpass America, according to a leading Chinese think tank† (Economic Times). The countries of Brazil, Russia, India and China are the key emerging markets in the world economy. China and India represent for approximately 33% of the world’s total population. Both these countries have a high concentration of their population in the middle class who possess high purchasing power. The gross domestic product (GDP) rates in the BRIC countries are higher than those of developed countries (Desai, Acharya & DeKeizer). By 2025, it is estimated that BRICs will account for 50% of G6 countries. By 2045, the BRIC economies will take over that of G6 countries. By 2025, annual increase in dollar spending from BRICs would be twice G6 and four times by 2050 (Wilson). By 2033, it is estimated that India will have the third largest economy in the world after China and the United States. Among the BRICs, India will have the fastest growing economy. As a percentage of population, India will have highest working age population i.e. 15 to 60 years. In 2050, three of the large st four economies will be in Asia (Desai, Acharya & DeKeizer). The emerging markets provide a number of opportunities. They have the potential to have high growth rates. They have the capability to attract greater volume of foreign direct investments (FDIs). They make a huge amount of investment in infrastructure. The presence of a large middle class gives a boost to demand. There is an enormous supply of skilled and cheap labor. There is great opportunity for outsourcing work particularly in India. Emerging markets present even more opportunities in the form of disinvestment of public sector units (PSUs). There is large scale of mergers and acquisitions both domestically and globally. They are also fast in catching up with technological changes. These BRICs have a vast supply of agricultural and mineral resources. Their commodities markets are also growing rapidly (Desai, Acharya & DeKeizer). In demographic terms, BRIC consists of world’s two most populated countries and ano ther two with sizeable populations. China has the world’s largest population accounting got one-fight of the total world population. India accounts for 17.5% of the world’

Language and culture Essay Example | Topics and Well Written Essays - 2500 words

Language and culture - Essay Example The researcher states that if the relationship is a formal one for example a student talking to his professor, then there will be a strict application of the rules and structure of grammar. In cases where the relationship between the two speakers is informal such as in the two students, the conversation is not likely to follow the strict application of the rules and structure of grammar. In the conversation, it can be seen that the two students do not concentrate on explicitly expressing their thoughts. This attributes to the fact that their conversation is mostly informal and as such, they do not feel the need to avoid ambiguity. The two students have a lot of shared knowledge and therefore there is a lot of reference to the information that is shared or known to the two of them. The context in this case refers to the information that is not expressly communicated in the statements that are made but which is important and relevant to the understanding and interpretation of the disco urse or the utterances that are made. An example of this from the conversation is ‘what will we share with them?’ The ‘them’ in this case is not specified. This is because the two speakers are aware of who is referred to as ‘them’. The use of pronouns is also seen in the discourse. As is a feature of informal speech, the discourse uses a lot of personal pronouns for example ‘them, she, they’ and so on. This is as a result of the shared body of knowledge that exists between the two speakers. They are therefore able to make references to the shared knowledge by making use of the pronouns. The use of ‘who’ as seen in the conversation is also a feature of informal speech as opposed to ‘whom’ which would be used in a formal context. Grammatical ellipsis has also been used in many instances in the discourse. This is where material that has already been presented in the discourse is omitted. Another observation t hat can be made in the discourse is the use of contraction. This is usually a common feature in an informal speech. In ellipsis, the omission of words is deliberate when the words that are omitted are expected to be understood from the context. Contraction refers to the practice of shortening words by omitting some of the internal letters in the word. This practice is different from the use of acronyms where initials of the letters are used. It is also different from abbreviation. In the discourse, contractions have been used on several occasions such as in ‘E’m’ instead of them, and ‘gonna’. Lexical density refers to the ratio of content words to the grammatical words that are used in any form of discourse be it spoken or written. In analyzing the conversation between the two students, one can find that the content ratio is low. This means that there are fewer content words than those that would be found in a formal discourse. The conversation is th erefore easy to follow and understand. The level of politeness in a given discourse is often dependent on the relationship that exists between the participants of the discourse. In formal situations, it is likely that there will be a higher level of politeness than in the informal situations. In the discourse, there is no adherence to politeness in discourse because of the familiarity that exists betwe