The Trillion Dollar Club


September 23, 2008, 3:00 AM EDT
Peterson Institute for International Economics, Washington, DC

Event Summary

The Peterson Institute launched a new meetings series, "The Trillion Dollar Club," on September 28, 2008, to discuss the economic developments of the five emerging markets—Brazil, China, India, Korea, and Russia (BRICKs)—whose GDPs exceed that level, and their impact on the world economy.

Resident experts in each country gave their assessment of the current and future impact of these emerging markets: John Williamson on Brazil, Nicholas Lardy on China, Arvind Subramanian on India, and Anders Åslund on Russia. Director C. Fred Bergsten provided an overview of BRICKs. In future meetings of this series, Marcus Noland will provide perspective on Korea. Subsequent installments in the series will address specific elements of the economic development and international position of these emerging market countries.

Event Materials

Presentation: The Trillion Dollar Club (Overview) [pdf]
C. Fred Bergsten

Presentation: The Economic Outlook for China (2008) [pdf]
Nicholas R. Lardy

Presentation: The Economic Outlook for Russia (2008) [pdf]
Anders Åslund

Presentation: The Trillion Dollar Club: India [pdf]
Arvind Subramanian

Presentation: The Trillion Dollar Club: Brazil [pdf]
John Williamson

Policy Brief 08-8: Financial Repression in China
Nicholas R. Lardy

Op-ed: 10 Reasons Why the Russian Economy Will Falter
Anders Åslund

Op-ed: The West Should Use Economics to Rein in Russia
Anders Åslund