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US-EU Globalization Working Papers: Do Not Cite Or Quote Brazil's Rise As An Emerging Power: Implications For The U.S. And Europe

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Executive Summary

The last 20 years have witnessed the economic emergence of several countries, which are considered today to be "Pivotal states", "Regional powers", and "Emerging powers" in world politics. These emerging powers encompass countries such as China, India, Brazil and Russia, (the BRICs), which have in common both that they have experienced rapid economic growth and that they seek to influence the global economy and world politics to a greater degree than they did before their rise. The BRICs have become leading exporters and lenders (especially China to the US) as well as holders of currency reserves, and they (plus Mexico) are expected to surpass the GNP of the G7 industrialized countries by the year 2040.

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