How "cybersafe" are the BRICs? Article

Buscaglia, CA, Weismann, MF. (2012). How "cybersafe" are the BRICs? . 15(2), 61-92.



cited authors

  • Buscaglia, CA; Weismann, MF

fiu authors

abstract

  • In 2001 a chief economist at Goldman Sachs, Jim O'Neill, theorized that by 2035, the combined GDP of the BRIC economies, Brazil, Russia, India and China, would exceed the combined GDP of the G7 countries (Canada, France, Germany, Italy, Japan, U.K., and the U.S.). It was further predicted that by at least 2050, the BRIC bloc of emerging markets will dominate the global economy. Accepting the validity of these economic predictions, this article considers the implications of BRIC market dominance for the global private business sector in the field of cybersecurity. Specifically, based upon a demonstrable lag in the development of the respective BRIC domestic legal infrastructures in the fields of cybersecurity and the protection of intellectual property, how should business assess the degree of asset risk exposure attendant to a market entry strategy aimed at increased BRIC penetration? Simply put, how cybersafe are the BRICs for global business?

publication date

  • January 1, 2012

start page

  • 61

end page

  • 92

volume

  • 15

issue

  • 2