GROWTH ECONOMICS and Fund-raising in international cooperation SECS-P 01, CFU 9 Development Economics academic year 2018 -19 11. DEVELOPMENT EXPERIENCES Roberto Pasca di Magliano Fondazione Roma Sapienza-Cooperazione Internazionale roberto. pasca@uniroma 1. it
BRICS Countries • BRASIL • RUSSIA • INDIA • CHINA • SOUTH AFRICA 2
The contenders Estimated overtaking dates based on GDP at PPPs Estimated overtaking dates based on GDP at MERs E 7 vs G 7 2017 2032 China vs US 2018 2032 India vs Japan 2011 2028 Russia vs Germany 2014 2042 Brazil vs UK 2013 2023 Mexico vs France 2028 2046 Indonesia vs Italy 2030 2039 Turkey vs Canada 2020 2035
Source. The Coca Cola Company
Fonte: www. ft. com
Major Countries’ Shares of World GDP, 1700 -2030 (1990 International PPP$ World GDP=100%)
WORLD CHANCES • Impact of the globalization due to the development of the ICT technologies Ø Effects on production system (continous creative creation, new products, delocalization facilities) Ø Explotion of the financial economy (10 times the real one) Ø Effects on social behaviour (reducing income gaps among countries vs. increasing inequalities at domestic level and social deseas) Ø Political impact on the democracy (disguised persusion trough distorted us of the social media) • Impact of the demographic explosion in Africa • Impact of the migration flows 19