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OPEC - Saudi Arabia GDP per capita = 14,782

NIC = Malaysia = 13,315 

BRIC = Russia = 10,521 

OPECs = control 79% worlds crude oil reserves and 44% crude oil exports but have been criticised environmentally for underpredicting when oil would run out they underpredicted by 25%

NICs =  entering stage 3 of the demographic transition model, cheaper labour = better competitors and can often outdo MEDCs with costs due to high living costs

BRICs = could be the greatest 4 economices in the world (predicted by Goldman Sachs) - Brazil is now the 5th largest economy in…


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