On what basis are these divisions-USA and Europe-Consumers; China and India-Producers and Australia-Raw material suppliers?
Because they are all consumers, producers and suppliers in various industries. Africa can also become the future manufacturing hub of the world-http://edition.cnn.com/2012/06/15/opinion/africa-manufacturing-hub/index.html + Africa has a potential demographic dividend, as the continent’s labor force is set to overtake those of both China and India-McKinsey Global Institute report, "Africa at work: Job creation and inclusive growth": http://bit.ly/McKAfricatWork
Also, India has been replaced by Indonesia under BRIC as its economy is in doldrums at the moment compared to the others.
