Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-263-437"

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"The BRICS countries have enjoyed significant economic growth in recent years, which, against the backdrop of the crisis, has brought about changes in terms of the global balance of influence. However, these countries, apart from Russia, are still developing countries which have the biggest concentration of poverty in the world. There is the risk that this accelerated economic growth will deepen the inequalities in spite of the considerable progress made, particularly in the case of Brazil. According to estimates, China will become the biggest economy in the world before 2020, while the economies of the main seven emerging countries will be more powerful than those of the G7 countries in 2050. With their political role increasing commensurately with their economic clout, the main BRICS countries are also assuming ever growing responsibility for driving global social progress and for international development policy. I hope that common concerns about complementing ‘aid effectiveness’ with ‘development effectiveness’ will provide a common platform for increasing the involvement of the emerging countries in development policies."@en1

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