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 UNITED NATIONS (AP) - The main challengers to U.S. economic power — Brazil, Russia, India and China — have overtaken the United States in dominating the global energy industry, according to a new study by Goldman Sachs.
The rising power of the four countries — the new economic tigers nicknamed the BRICs — is already evident in the metals and mining sector and is starting to be felt in insurance and consumer-related industries, said Anthony Ling, a managing director at the investment bank.
"For any company operating on a global scale, the world is changing more rapidly, more challenging than ever before — truly globalizing," he said, and one of the significant changes is "the rise of BRIC economies."
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