The inverse relationship between the corruption of Greece and emerging BRICs

Shunya Asano

              What is the specific relationship between the Greek economy and the emerging BRICs’ economy? I precisely explained one of the most remarkable factors between the Greek financial debt and the BRICs’ improvement of its competition within the international society. However, this is just the introduction and subtle indication how these countries are taking their advantages in the global economy which significantly attributes to undermine the European Unions including the Greek government.

              Specifically, India which is represented by BRICs has been developing rapidly and overwhelmingly with their high rate of growth domestic products (GDP). The current Indian economy increased their GDP about 1.3 trillion dollars, and their GDP per capita is 1,031.7 dollars. Furthermore, the most crucial point of India is their GDP real rate which is approximately 10.4 % per year, and this numbered 5th in the world. Nevertheless, what are the fundamental elements that bolstered their influence with threatening the empowerment of developed countries?

The Indian economy is supported by Bangalore, which is one of the most robust and industrialized districts. Bangalore comprises over 9.5 million people lives in the district, and the place is called the “Silicon Valley of India,” (Ahmed) which indicates how that place is globally well known.

Infrastructure and transportation technology are constructed within Bangalore, and this developed environment makes prosperity efficiently. 20% of Indian software industries are gathered because each one of them seeks the integration and cooperation of IT development (Keizai report). For instance, head office of Infosys, which is one of the most prominent Indian IT industries, is located at there. In addition, many United States computer industries such as IBM, Intel, Texas Instruments, Motorola, Oracle and Cisco Systems promote to be building in Bangalore. In order to compete with these high technology industries, the Indian government must foster and educate engineering skills to their citizens. Preventing Indian IT industries to become inferior to international companies, the Indian government already set up to operate more concentrated education system, and Indian engineers are able to compete against workers who are from foreign countries. On the other hand, the Greek economy is in affliction by debt approximately 120% of their GDP growth rate and stagnation.

While this immediate and rapid establishment of the country’s and district’s internet technology in India, the Greek government and the developed nations are excluded by its dominant growth of international influence. Although it seems hopeless to compete against BRICs’ nations by consumption, the growth of GDP, and market shares, the global society is always changing its forms. If developed nations are threatened and economically undermined by developing countries, BRICs may also be degraded by other emerging nations. The international economy is morphing, and it can be stated that this process is causing the flaw of the Greek economy and developed nations.

 

 

 

 

 

Works Cited

 

Ikegami, Akira. Ikegami akira no manaberu news. Tokyo: Kairyusha, 2010. Print.

 

Odawara, Ken. Jijiryoku hattenhen. Tokyo: Riburu teku, 2011. Print.

 

Aftab, Ahmed and Mukhopadhyay Bhaswati. “Domtar buys diaper company to escape paper volatility.” Yahoo News. 15 Aug. 2011. Web. 20 Aug.

“Keizai report.” Asian energy. 2011. Web. 30 Oct. 2011.