BURK vs. BRIC
economists like abbreviations. Verinachen you things and make them more easily comprehensible for the audience pt. Estates of the best known abbreviations "BRIC", which stands for Brazil, Russia, India, China, a Gruppevon emerging markets with great economic potential interest to investors. No one really understands what Russia is doing in this group. Brazil, India and China are "young" countries, Bevökerungswahcstum economy and growing industry, low-cost manufacturing locations and strong adult. Russia is the opposite: the population shrinks, the industrial production due to outdated technology, not relatively high wages and low productivity competitive and the economy is growing only because of the exports of oil and gas.
an analyst at Sberbank has now coined a new term: BURK - Belarus, Ukraine, Russia, Kazakhstan. The common these countries: they, in principle much potential, but they manage not to implement them accordingly. Good estimate ...
www.themoscowtimes.com/business/article/analysts-coin-new-economic-acronym/430337.html
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