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Re: Will this recession hit emerging economies? MasterPlan  07-06-2008, 2:57 PM | Post #2536079
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Ah, I see Heebner made my own point for me.  It's from a newspaper interview:

Q. But those 3 billion [in China, Russia, India and Brazil] have less money and less GDP. How will that drive the world economy?

A. These people don't have the roads, the airports, the infrastructure - and the building of these creates big demand for industrial raw materials and energy in all forms. In a nutshell, these foreign countries place a high priority on growth. The broad pattern is they're more concerned about maintaining growth than other factors, be it pollution or inflation.
Topics China forms GDP India Russia View Complete Thread
 
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