Development of BRIC and the Large Country Advantage

This book explores key questions concerning the reasons for China's economic miracle and the rise of BRICs. It develops the concept of the Comprehensive Advantages of Large Countries (CAOLCs) and reveals the formation mechanism of CAOLCs. By analyzing the rapid rise of BRICs and the large economy phenomena, the book emphasizes the crucial role that BRICs played during and after the global financial crisis. Readers are offered important information on how China is coping with the huge impact of the financial crisis and how it is seizing the opportunity to adjust and optimize its industrial structure in the post-crisis era.