E7 (countries)
The E7 is a group of seven countries with emerging economies but lacking any organization. The E7 are predicted to have larger economies than the G7 countries by 2020.[1] The term was coined by PricewaterhouseCoopers in the Stern Review report, which was published on 30 October 2006.
The E7 are seven major emerging economies.[2]
Below are the E7 countries and their predicted economies in 2050 [3][4] as predicted by Goldman Sachs:
| Country | Economy in USD (billions) |
|---|---|
 China |
70,710 |
 India |
37,668 |
 Brazil |
11,366 |
 Mexico |
9,340 |
 Russia |
8,580 |
 Indonesia |
7,010 |
 Turkey |
3,943 |
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 and 1995); compared to the growth of the UK (150 years) and the US (100 years).
See also
References
- ↑ Emma Dunkley (2011-01-13). "China to overtake US by 2018 - PwC". Investment Week. Incisive Financial Publishing Limited. Retrieved 2012-04-16.
- ↑ "BBC News - UK economy risks 'playing in slow lane of history'". Bbc.co.uk. 2011-01-07. Retrieved 2012-01-29.
- ↑ Thornton, Philip (2006-03-03). "New E7 nations 'will overtake G7 by 2050' - Business News - Business". The Independent. Retrieved 2012-01-29.
- ↑ "E7 Countries". Wn.com. Retrieved 2012-01-29.