Submerging Markets The Impact of Increased Financial Regulations on the Future Growth Rates of BRICS Countries

Submerging Markets examines the analytical history of capital flows among the developed nations and the emerging markets from the 1990s to the current day. In terms of emerging markets, the arguments focus primarily on the BRICs: Brazil, Russia, India, China and now South Africa. Within that spectrum, it uses any number of analytical tools to measure capital flows, and capital formation within the context of globalized markets. An analysis of capital flows relative to the emerging markets' GDP growth rates over time determines the expectation of future growth rates. Included in the research design is specific data accumulated from the OECD's new global macroeconomic model. The results found in the analytical history provide the basic framework for a thesis that answers the following questions: will the new increase in financial regulations restrict capital flows to the emerging markets? If so, will this result in lower future growth rates for the BRICs?

RICH MARINO is Former Senior Vice-President at Morgan Stanley, and currently, Principal Consultant of RL Marino Company, a corporate consulting firm with a primary focus on the global economic activities of the emerging market economies.

PART I: THE NEED FOR INCREASED REGULATION
Introduction
Overview of Regulations, Historical & Current
PART II: CAPITAL FLOWS AND GROWTH RATES REVISITED
Capital Flows from the 1990s-Current Day
GDP Growth Rates for Advanced Economies and Selected Emerging Markets Including the BRICS
PART III: THE BRICS: A CAPITAL FLOW ANALYSIS
Analysis of Brazil's Economy Relative to Its Capital Flows
Analysis of Russia's Economy Relative to Its Capital Flows
Analysis of India's Economy Relative to Its Capital Flows
Analysis of China's Economy Relative to Its Capital Flows
Analysis of South Africa's Economy Relative to Its Capital Flows
PART IV: REGULATORY IMPACT
Conclusion