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{{About|the group of countries||E7 (disambiguation){{!}}E7}} | {{About|the group of countries||E7 (disambiguation){{!}}E7}} | ||
{{Use dmy dates|date=May 2022}} | |||
The '''E7''' (short for "Emerging 7") is the seven countries | The '''E7''' (short for "Emerging 7") is the seven countries China, India, Brazil, Turkey, Russia, Mexico and Indonesia, grouped together because of their major [[Emerging markets|emerging economies]].<ref>{{cite web|url=https://www.bbc.co.uk/news/business-12133254|title=UK economy risks 'playing in slow lane of history'|date=2011-01-07|publisher=BBC|access-date=2012-01-29}}</ref> The term was coined by the economists [[John Hawksworth (economist)|John Hawksworth]] and Gordon Cookson at [[PricewaterhouseCoopers]] in 2006.<ref>{{Cite web|url=http://www.pwc.com/la/en/publications/assets/world_2050_brics.pdf|title=The World in 2050|last=Hawksworth|first=John|website=PricewaterhouseCoopers}}</ref> | ||
The growth of the E7 countries has been characterized in comparison with its size versus the [[Group of Seven]] countries, which had made up many of the largest economies in the world in the 20th century. In 2011, the E7 were predicted to have larger economies than the [[G7 (economies)|G7]] countries by 2020.<ref>{{cite web |url=http://www.investmentweek.co.uk/investment-week/news/1936788/china-overtake-2018-pwc |title=China to overtake US by 2018 | The growth of the E7 countries has been characterized in comparison with its size versus the [[Group of Seven]] countries, which had made up many of the largest economies in the world in the 20th century. In 2011, the E7 were predicted to have larger economies than the [[G7 (economies)|G7]] countries by 2020.<ref>{{cite web |url=http://www.investmentweek.co.uk/investment-week/news/1936788/china-overtake-2018-pwc |title=China to overtake US by 2018 – PwC |author=Emma Dunkley |date=2011-01-13|access-date= 2012-04-16|work=[[Investment Week]] |publisher=Incisive Financial Publishing Limited}}</ref> By 2014, the E7 countries had passed the G7 countries based on [[purchasing power parity]] terms.<ref>{{Cite book|url=https://books.google.com/books?id=GZzgDQAAQBAJ|title=Promotional Strategies and New Service Opportunities in Emerging Economies|last=Vipin|first=Nadda|last2=Sumesh|first2=Dadwal|last3=Roya|first3=Rahimi|date=2017-01-10|publisher=IGI Global|isbn=9781522522072|language=en}}</ref> Other estimates said the E7 were 80% of the G7 in 2016 in PPP.<ref>{{Cite book|url=https://books.google.com/books?id=hhiHDQAAQBAJ|title=Integral Operational Leadership: A relationally intelligent approach to sustained performance in the twenty-first century|last=Park|first=Greg|date=2016-11-18|publisher=Routledge|isbn=9781317070863|language=en}}</ref> In 2016, another prediction estimated that the E7's economies would be larger than the G7 in 2030.<ref>{{Cite book|url=https://books.google.com/books?id=DIF4CwAAQBAJ|title=Managing and Leading People Through Organizational Change: The theory and practice of sustaining change through people|last=Hodges|first=Dr Julie|date=2016-02-03|publisher=Kogan Page Publishers|isbn=9780749474201|language=en}}</ref> PwC predicted that the E7 could be 75% larger than the G7 in PPP terms by 2050.<ref>{{Cite book|url=https://books.google.com/books?id=gem_CwAAQBAJ|title=The BRICS and Beyond: The International Political Economy of the Emergence of a New World Order|last=Xing|first=Li|date=2016-03-16|publisher=Routledge|isbn=9781317040002|language=en}}</ref> | ||
== List == | == List == | ||
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Below are the E7 countries and their predicted economies in 2050 <ref>{{cite web|last=Thornton |first=Philip |url=https://www.independent.co.uk/news/business/news/new-e7-nations-will-overtake-g7-by-2050-468415.html |archive-url=https://web.archive.org/web/20100127181121/http://www.independent.co.uk/news/business/news/new-e7-nations-will-overtake-g7-by-2050-468415.html |url-status=dead |archive-date=27 January 2010 |title=New E7 nations 'will overtake G7 by 2050' | Below are the E7 countries and their predicted economies in 2050<ref>{{cite web|last=Thornton |first=Philip |url=https://www.independent.co.uk/news/business/news/new-e7-nations-will-overtake-g7-by-2050-468415.html |archive-url=https://web.archive.org/web/20100127181121/http://www.independent.co.uk/news/business/news/new-e7-nations-will-overtake-g7-by-2050-468415.html |url-status=dead |archive-date=27 January 2010 |title=New E7 nations 'will overtake G7 by 2050' – Business News – Business |work=The Independent|date=2006-03-03 |access-date=2012-01-29}}</ref><ref>{{cite web|url=http://wn.com/E7_(countries) |title=E7 Countries |publisher=Wn.com |access-date=2012-01-29}}</ref> as predicted by [[Goldman Sachs]]: | ||
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Latest revision as of 12:06, 1 July 2022
The E7 (short for "Emerging 7") is the seven countries China, India, Brazil, Turkey, Russia, Mexico and Indonesia, grouped together because of their major emerging economies.[1] The term was coined by the economists John Hawksworth and Gordon Cookson at PricewaterhouseCoopers in 2006.[2]
The growth of the E7 countries has been characterized in comparison with its size versus the Group of Seven countries, which had made up many of the largest economies in the world in the 20th century. In 2011, the E7 were predicted to have larger economies than the G7 countries by 2020.[3] By 2014, the E7 countries had passed the G7 countries based on purchasing power parity terms.[4] Other estimates said the E7 were 80% of the G7 in 2016 in PPP.[5] In 2016, another prediction estimated that the E7's economies would be larger than the G7 in 2030.[6] PwC predicted that the E7 could be 75% larger than the G7 in PPP terms by 2050.[7]
List[edit | edit source]
The following table is an estimate for largest 10 economies by nominal GDP using PPP exchange rates for 2030 made by UK based Standard Chartered.[8]
| Rank | Country | 2030 |
|---|---|---|
| 1 |  China
|
64.2 |
| 2 |  India
|
46.3 |
| 3 |  United States
|
31.0 |
| 4 |  Indonesia
|
10.1 |
| 5 |  Turkey
|
9.1 |
| 6 |  Brazil
|
8.6 |
| 7 |  Egypt
|
8.2 |
| 8 |  Russia
|
7.9 |
| 9 |  Japan
|
7.2 |
| 10 |  Germany
|
6.9 |
Below are the E7 countries and their predicted economies in 2050[9][10] 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
|
6,943 |
See also[edit | edit source]
References[edit | edit source]
- ↑ "UK economy risks 'playing in slow lane of history'". BBC. 7 January 2011. Retrieved 29 January 2012.
- ↑ Hawksworth, John. "The World in 2050" (PDF). PricewaterhouseCoopers.
- ↑ Emma Dunkley (13 January 2011). "China to overtake US by 2018 – PwC". Investment Week. Incisive Financial Publishing Limited. Retrieved 16 April 2012.
- ↑ Vipin, Nadda; Sumesh, Dadwal; Roya, Rahimi (10 January 2017). Promotional Strategies and New Service Opportunities in Emerging Economies. IGI Global. ISBN 9781522522072.
- ↑ Park, Greg (18 November 2016). Integral Operational Leadership: A relationally intelligent approach to sustained performance in the twenty-first century. Routledge. ISBN 9781317070863.
- ↑ Hodges, Dr Julie (3 February 2016). Managing and Leading People Through Organizational Change: The theory and practice of sustaining change through people. Kogan Page Publishers. ISBN 9780749474201.
- ↑ Xing, Li (16 March 2016). The BRICS and Beyond: The International Political Economy of the Emergence of a New World Order. Routledge. ISBN 9781317040002.
- ↑ "These Could Be the World's Biggest Economies by 2030". Retrieved 12 January 2019.
- ↑ Thornton, Philip (3 March 2006). "New E7 nations 'will overtake G7 by 2050' – Business News – Business". The Independent. Archived from the original on 27 January 2010. Retrieved 29 January 2012.
- ↑ "E7 Countries". Wn.com. Retrieved 29 January 2012.