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Business Faculty Collaborate on Research about Oil in BRIC Countries

Business Faculty Collaborate on Research about Energy Companies in BRIC Countries

Findings by Drs. Jurkowski and Daly suggest BRIC countries are “experiencing economic setbacks and it might be the time to buy equities in their companies.”

Buffalo, New York – September 23, 2015 – Dr. Joseph H. Jurkowski, and Dr. Dion Daly, both assistant professors of business at D’Youville College, collaborated on a major publication on the financial condition and stability of several selected oil companies in the BRIC (Brazil, Russia, India and China) group of countries.

Their paper was presented at the Business Research Consortium of WNY at Nazareth College earlier this year by the professors in D'Youville's Department of Business. They have been asked to publish a book based on their publication.

Titled “Energy Companies in BRIC Countries – A Financial Analysis” published by OmniScriptum, the publication states the BRIC countries are “experiencing economic setbacks and it might be the time to buy equities in their companies.”

A BRIC thesis states that China and India will, by 2050, become the world’s dominant suppliers of manufactured goods and services, respectively, while Brazil and Russia will become similarly dominant as suppliers of raw materials. Due to lower labor and production costs, many companies also cite BRIC as a source of foreign expansion opportunity, and promising economies in which to invest, according to Investopedia, an Internet site devoted to investing education owned by IAC.

“When the global recession began in 2008 the acronym ‘BRIC’ came into being,” Jurkowski said. “Brazil, Russia, India, China exhibited steady economic growth causing the emerging economies to become drivers of the global economy. What began as a loose grouping of emerging and populous economies is rapidly morphing into a more coherent power grouping that reflects the shifting balance of power in the global economy, away from the traditional world. This group represents more than 40 percent of the world’s population and about one-fifth of global GDP.”

Some criticisms of the investment concept include the idea that natural resources are limitless and growth of BRIC may be affected by the finite nature of fossil fuel, uranium and other resources, according to an earlier report by Goldman Sachs.

Jurkowski teaches courses in Accounting, Finance, and International Business. Daly is a retired Navy Lieutenant Commander and he has done research in financial analysis and veteran students.


Dr. Joseph Jurkowski
Assistant Professor of Business