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  1. david11's Avatar
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    #1

    refers to a level of economy with reference to the global economy

    Define the terms like BRIC, N11 ,G7 etc.


    These are the economic terms that groups the countries of the world according to their economies influence on global economy. Each term refers to a level of economy with reference to the global economy. It is widely believed by the reputed economist of the world that the countries belong to one group have the potential to overtake the other groups and bring a shift in power of global economy.

    I have tried to answer this question and I am not sure whether I conveyed what I wanted to in the underlined sentence. I wanted to say: Each term is a level in economy and the countries are added to the group according to their economies with the reference to global economy..


    And please tell me whether the entire paragraph appropriately answers the question.
    Last edited by david11; 16-Jun-2012 at 11:39.

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