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$
 China 70,710,000,000,000
 India 69,668,000,000,000
 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.