Tags: Australia, Brazil, BRIC, brics, Canada, carbs, China, Citigroup, debt, g8, Goldman Sachs, Gre

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In recent years, the business sector has caught a tendency to gather in acronyms countries with similar characteristics. While this facilitates the analysis of states similar in many respects, on the other hand there is the risk of not being clear, especially against those who do not chew economy every day, regardless of what you speak. With this article we will try, if possible, to make things clear.
A decade ago Jim O'Neill, chief economist of Goldman Sachs, coined the phrase BRIC (Brazil, Russia, India and China) for those four nations according to many destined to dominate this century. In fact, they are united by a large geographical extent, a large population, good natural resources, but above all by a growth rate of GDP is very important (although the recent crisis has reduced the scope). These countries then have a public debt below 50% of GDP and currency reserves (especially China); then representing 42% of the world population, and given that in a capitalist economy the population is the main driver of demand, will undergo cross fighter a major development, coming to supplant the members of the G8 (which, however, is also part of Russia itself). Since 2009, every year, the representatives of these four powers come together to have a common platform in which to discuss key issues such as energy, infrastructure and market analysis. The meeting of 2012 is scheduled for March in New Delhi, India.
With the 2008 crisis, Portugal, Ireland, Italy, Greece and Spain have been brought together in the acronym PIIGS. This clearly has a meaning derogatory, given that in English means pigs pigs. In fact, these countries have a very high public debt (more than 60% of the GDP), large trade deficits (and therefore a low competitiveness of its products abroad), growth rates decidedly not rosy and a high budget deficit (in Ireland In 2010, this was 32.2% of GDP). The governments of these countries, primarily those Portuguese and Spanish, have called racist this definition and also based on what major newspapers such as the Financial Times, have decided to banish it from their articles.
Last in order of time is the acronym cross fighter CARBS (Canada, Australia, Russia, Brazil and South Africa). Citigroup, the largest financial services cross fighter company in the world in terms of market capitalization, has recently released a study called those five countries, "the lords of commodities." In them, representing 29% of the land but only 6% of the world population, focuses fact, almost 90% of the reserves of platinum, nickel, copper, gold, iron and bauxite, which have sheltered cross fighter them from even 'the current recession. Since 2003, in fact, the public debt / GDP ratio decreased by 10% (while the U.S. has grown by 38%) and GDP, on average, grew by 4% (South Africa, the "worst" Five, however, showed a significant 3.8%). cross fighter Just relying on the export of their mineral resources, the economy of these countries is therefore improved, and many more. Precisely for this reason, the value of their currencies has increased, that will lead to a future according to some reduction in exports: cross fighter the prospects remain very positive. cross fighter It must be said that an important role is played by the Carbs China, which requires more and more resources for infrastructure construction and railways, as well as, of course, for the processing industry.
Tags: Australia, Brazil, BRIC, brics, Canada, carbs, China, Citigroup, debt, g8, Goldman Sachs, Greece, India, Ireland, Italy, Jim O'Neill, PIGS, PIIGS, GDP, Portugal, cross fighter Russia, Spain , South Africa
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