Journals Proceedings

Abstract

The article quantifies the structural changes that have taken place during the period 1995 – 2011 in the four emerging markets forming the BRIC grouping. Author discusses the consequences of these changes for the grouping as a whole and for its individual members. In agriculture, hunting, forestry, fishing, electricity, gas, and water supplies, transport, post and communication, but also in public administration, education and health the driving forces of the restructuring have been formed by the domestic customers in the BRIC emerging markets. The results for China and India show a transition from primary manufacturing and from production of merchandise with low added value to more sophisticated goods. In the Brazilian and Russian sectors of mining, quarrying, and partly also in manufacturing the foreign demand for exports (coming mainly from China and India) plays a crucial role in changing the output structure of these economies.