Empirical Comparison of BRICS Manufacturing with the G7

Abstract

The post-globalization era which is simultaneously a post-Western era, has opened a new page in the dynamics of global social, political and economic order in the wake of the 21^st Century, where the ‘China-shock’ is vibrating not only in the USA, but in almost all the G7 countries. The main aim of the study to empirically establish whether the G7 still leads the World in manufacturing outputs. The study is a qualitative one where document studies were adopted in generating data from secondary sources such as academic journals, bulletins, textbooks, scholarly papers, and internet materials. The generated data was analyzed through critical discourse method. This loss of focus on emerging global realities, made the G7 to equally loose grips of global leadership. As the result, the BRICS for the past thirteen years has been leading the World in terms of global manufacturing. Findings of the study has established that the BRICS with 35% of the World manufacturing outputs has outperformed the G7 who’s manufacturing outputs represent 31% of the World manufacturing outputs.