E7 (countries)

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The E7 is a group of seven countries with emerging economies. The E7 are predicted to have larger economies than the G7 countries by 2020.[1] The term was coined by the PricewaterhouseCoopers[2] in the Stern Review report, which was published on 30 October 2006. The E7 represents the seven major emerging economies.[3]

E7 countries.

Below are the E7 countries and their predicted economies in 2050 [4][5] as predicted by Goldman Sachs:

Economics in 2050
Polity Economy in US$
People's Republic of China 70,710,000,000,000
India 37,668,000,000,000
Brazil 11,366,000,000,000
Mexico 9,340,000,000,000
Russia 8,580,000,000,000
Indonesia 7,010,000,000,000
Turkey 3,943,000,000,000

The "Emerging 7" according to Peter Marber (author of Seeing the Elephant (2009)) states the 7 countries as follows: China, Russia, India, Indonesia, Mexico, Brazil and South Korea—as opposed to Turkey. The back-study to this is South Korea's rapid economic growth in 3 decades paired with enrollment rates (between 1966 to 1995); compared to the growth of the UK (150 years) and the US (100 years).

See also[edit]

References[edit]

  1. ^ Emma Dunkley (2011-01-13). "China to overtake US by 2018 - PwC". Investment Week. Incisive Financial Publishing Limited. Retrieved 2012-04-16. 
  2. ^ Hamilton, Scott (2011-01-06). "G-7 Will Be Overtaken by Emerging Economies in 2032, PriceWaterhouse Says". Bloomberg. Retrieved 2012-01-29. 
  3. ^ "BBC News - UK economy risks 'playing in slow lane of history'". Bbc.co.uk. 2011-01-07. Retrieved 2012-01-29. 
  4. ^ Thornton, Philip (2006-03-03). "New E7 nations 'will overtake G7 by 2050' - Business News - Business". The Independent. Retrieved 2012-01-29. 
  5. ^ "E7 Countries". Wn.com. Retrieved 2012-01-29.