"All inbound and outbound travel businesses need insight into the key markets of Brazil, Russia, India and China
and these new figures provide a valuable and intriguing view," said World Travel Market chairman Fiona Jeffery.
Given their populations, their educational systems and the extent of their natural resources, the rise of Brazil, Russia, India and China
(BRIC) into potential economic super-powers is a logical consequence of globalization.
The Indian subsidiary is part of Yokohama's strategy for strengthening its market presence in the large-population, fast-growth BRIC economies (Brazil, Russia, India and China
), which are on track to overtake the G7 in economic scale this century.
Among these countries are Brazil, Russia, India and China, otherwise known as the BRIC countries.
However, the opportunities that are available with increased exposure to Brazil, Russia, India and China, as well as in other countries, can be tempting.
Risk consultancy Maplecroft said its Global Risk Atlas, which highlights potentially destabilising factors in the world's key growth economies, found that Brazil, Russia, India and China
were no less susceptible to potential security or economic shocks than in previous years.
An economist for a US investment bank developed the acronym BRIC a decade ago, lumping together the solid, fast-growing economies of Brazil, Russia, India and China
and arguing the four would outpace the top six Western economies before 2050.
According to figures from the United Nations Conference on Trade and Development, China attracts the most foreign investment among the BRIC (Brazil, Russia, India and China
Now some companies are really bending the concept: They are beginning to take seriously managing Brazil, Russia, India and China
as a single unit.
With the new office, Sysmex will now have its own bases in all BRIC countries (Brazil, Russia, India and China
), where substantial growth is highly expected.