Vincenzo Scrutinio

About Vincenzo Scrutinio

Vincenzo Scrutinio completed a Master of Science in Economic and Social Sciences at Bocconi University in Milan in 2012. He is currently enrolled in the Master of Research in Economics at the London School of Economics and Political Science. He has been working as Research Assistant at IGIER in the fields of macroeconomics and labour economics, and he regularly contributes to Neodemos.it and Lavoce.info. He's a member of the Institute for New Economic Thinking - Commons.

A Gray Future for the BRICs

In the last twenty years BRIC countries, that is Brazil, Russia, India, and China, have played an increasingly relevant role as engines of global economic growth. From 1993 to 2007 they grew on average by 5.6% per year and by 5.3% from 2008 to 2012, as production contracted or stagnated in developed economies. Their demographic structure, dominated by people in ‘active age’ [1], has undoubtedly played an important role in their success. This advantage, however, is destined to rapidly disappear in the next decades as BRIC countries face the challenge of population aging.

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