Who are the key players in the world economy?

Traditional economic powers like France, USA or the UK are becoming less and less dominant in an evermore competitive internatinal economic arena.

The BRIC countries (Brazil, Russia, India and China), play a much more important role in what is produced and consumed on a daily basis and will hence shape the future of the global business environment. 

With rising incomes, and growing populations, not only will every sector of the economy, from commodities to luxury goods, be affected. Everything, from supply to the environmental conditions will be altered by these new competitors, and previous key players will have to modify their approaches to trade if they are to remain important and to suceed.

JA
Answered by Jesus A. Business Studies tutor

11427 Views

See similar Business Studies A Level tutors

Related Business Studies A Level answers

All answers ▸

What are Michael Porter's Generic Strategies?


What are the different types of finance available to a business


What is meant by horizontal and vertical integration and how can they profit a firm?


Outline the change we have seen in organisational culture using examples. Discuss whether the idea of culture can be managed.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning