The G Banking Group recently reported that it was offshoring (moving) its back-office operations from European country D to India where it alreadyhas some significant operations. Centralising most back-office operations in India is part of the Group Solution Growth of BRIC Economies Currently the most important growing economies in the world are Brazil, Russia, India and China and they have come to be known as the BRIC group. The growth of each of these economies contains unique aspects of the history of each country but there are some general factors that have influenced the growth of all four. These include the following: General factors driving growth Globalisation This concept refers to the growing interdependence of countries worldwide and the freedom it gives to firms and individuals to initiate economic transactions with those in other countries. Factors that have contributed to the globalisation process include; _ developments in electronic communication such as the internet, _ improvement in transportation such as containerisation and the development of jumbo jets, _ convergence of tastes through the development of foreign travel and the world wide media, _ the reduction of trade barriers assisted by organisations like the World Trade Organisation (WTO) enabling the opening up of trade between countries and _ the growing readiness of multinational enterprises (MNE .

1. The G Banking Group recently reported that it was offshoring (moving) its back-office
operations from European country D to India where it alreadyhas some significant operations.
Centralising most back-office operations in India is part of the Group
Solution
Growth of BRIC Economies
Currently the most important growing economies in the world are Brazil, Russia, India and
China and they have come to be known as the BRIC group. The growth of each of these
economies contains unique aspects of the history of each country but there are some general
factors that have influenced the growth of all four. These include the following:
General factors driving growth
Globalisation
This concept refers to the growing interdependence of countries worldwide and the freedom it
gives to firms and individuals to initiate economic transactions with those in other countries.
Factors that have contributed to the globalisation process include;
_ developments in electronic communication such as the internet,
_ improvement in transportation such as containerisation and the development of jumbo jets,
_ convergence of tastes through the development of foreign travel and the world wide media,
_ the reduction of trade barriers assisted by organisations like the World Trade Organisation
(WTO) enabling the opening up of trade between countries and
_ the growing readiness of multinational enterprises (MNE