What policies can BRICS and PIIGS implement for continued economic growth?
PIIGS ‡ ‡ ‡ ‡ ‡ ‡ ‡ Slow economic growth Economic growth is funded by high debt Some are mainly focus on service sector Heavy unemployment Large public sector workforce Suffered from housing bubble Political instability ‡ ‡ ‡ ‡ ‡ ‡ ‡ BRICS Emerging market countries Risen to global economic prominence Produces & exports in a array of goods Not able to support middle-class Growing population Rapid industrialization Buyers of goods produced are in a economic slow down.
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