The rapid growth of many of the South and Southeast Asian economies in the last quarter of the previous century was quite remarkable. Some writers referred to the phenomenon as “the Asian Miracle.” Miracle or not, growth in these economies was quite rapid.Over the years reports and articles...

In this article, long term data is analyzed for the total growth of the world economy and the growth of developed (G7) and of the rapid developing economies. BRICS countries are known countries with their meetings since 2008. Rapidly developing countries such as Mexico, Argentina, Turkey,...