Please answer the questions below
Each question should be two pages and have an introduction paragraph.
1.What will a potential shift of the economic center of gravity from the traditional G-8 countriesCanada, United States, Japan, Germany, UK, France, Italy, and Russia (currently suspended over its annexation of the Crimea)to the BRICS countries mean? Does it signal hope for a new wave of economic growth and new engines of regional prosperity to drive the global economy, or does it signal the fading importance of Europe and the United States? Will the rise of the BRICS countries signal the rise of middle classes within those countries or a further expansion of inequity in income distribution? How can governance challenges in each of the BRICS countries derail their economic growth? Resource challenges? Demography and population? The threat of conflict?
Please note: Originally, in 2001, this group of emerging economies was known as BRIC when it consisted of only four nations: Brazil, Russia, India, and China. In 2010 South Africa was inducted, changing the acronym to BRICS.
2.In recent years the EU has experienced both growth and turmoil, especially with the exit of Great Britain (expected to be completed before 2020). What pressures do you think the EU is facing and will be facing in the next few years? What sort of competition will the EU face with other trading blocs like the Eurasian Economic Community (EurAsEC) and the Southem African Development Community (SADC)?