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The E7 (short for "Emerging 7") is the seven countries China, India, Brazil, Mexico, Russia, Indonesia and Turkey, 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

E7 countries.

Below are the E7 countries and their predicted economies in 2050 [8][9] as predicted by Goldman Sachs:

Economy in 2050
Country Economy in
USD (billions)
 China 70,710
 India 37,668
 Brazil 11,366
 Mexico 9,340
 Russia 8,580
 Indonesia 7,010
 Turkey 3,943

See also

References

  1. ^ "BBC News - UK economy risks 'playing in slow lane of history'". Bbc.co.uk. 7 January 2011. Retrieved 29 January 2012.
  2. ^ Hawksworth, John. "The World in 2050" (PDF). PricewaterhouseCoopers.
  3. ^ Emma Dunkley (13 January 2011). "China to overtake US by 2018 - PwC". Investment Week. Incisive Financial Publishing Limited. Retrieved 16 April 2012.
  4. ^ Vipin, Nadda; Sumesh, Dadwal; Roya, Rahimi (10 January 2017). Promotional Strategies and New Service Opportunities in Emerging Economies. IGI Global. ISBN 9781522522072.
  5. ^ Park, Greg (18 November 2016). Integral Operational Leadership: A relationally intelligent approach to sustained performance in the twenty-first century. Routledge. ISBN 9781317070863.
  6. ^ 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.
  7. ^ Xing, Li (16 March 2016). The BRICS and Beyond: The International Political Economy of the Emergence of a New World Order. Routledge. ISBN 9781317040002.
  8. ^ Thornton, Philip (3 March 2006). "New E7 nations 'will overtake G7 by 2050' - Business News - Business". The Independent. Retrieved 29 January 2012.
  9. ^ "E7 Countries". Wn.com. Retrieved 29 January 2012.