Abstract
The term “emerging economies” has no single, exact definition. In the year 2010, the China Boao Forum for Asia defined the concept of 11 emerging countries (E11) for the first time. Among those countries, China, Brazil, India, Russia, and South Africa – also known as the BRIC countries – are relatively affluent, particularly in comparison to the world’s developing countries. According to data released by IMF, economic growth in developed economies in 2015 was 2.4%, while in emerging economies it was 4.3%. India, Russia, and Brazil, of whose GDP exceeded one trillion US dollars, have had seats in the top 12 economic entities of the world. Today, China, India, and Russia have contributed more than half to the economic global growth. Moreover, China’s economy scale is over $ 10 trillion, ranking second in the world.
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E11 refers to Argentina, Brazil, China, India, Indonesia, Korea, Mexico, Russia, Saudi Arabia, South Africa, and Turkey in the Group of Twenty.
- 2.
IMF: In the year 2015, developed economies led global economic growth by 3.5% http://china.huanqiu.com/News/mofcom/2015–04/6200548.html
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World Bank, “World Development Indicators” http://databank.worldbank.org/data/reports.aspx?source=2&type=metadata&series=NY.GDP.MKTP.CD
National Bureau of Statistics, “2014 Survey and Monitoring Report of Migrant Workers” http://www.stats.gov.cn/tjsj/zxfb/201504/t20150429_797821.html
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National Bureau of Statistics, “2015 Survey and Monitoring Report of Migrant Workers” http://www.stats.gov.cn/tjsj/zxfb/201604/
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National Bureau of Statistics, “2015 Survey and Monitoring Report of Migrant Workers” http://www.stats.gov.cn/tjsj/zxfb/201604/
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Li, X. (2017). Introduction. In: Li, X. (eds) Labor Transfer in Emerging Economies. New Frontiers in Regional Science: Asian Perspectives, vol 12. Springer, Singapore. https://doi.org/10.1007/978-981-10-3569-2_1
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DOI: https://doi.org/10.1007/978-981-10-3569-2_1
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