Cracks in the BRICs? |
|
February 16, 2010
As all else has crumbled, the BRICs have come through the crisis looking relatively solid. Yet clear differences have opened up among the fast-growing emerging-market quartet consisting of Brazil, Russia, India and China.
As all else has crumbled, the BRICs have come through the crisis looking relatively solid. Yet clear differences have opened up among the fast-growing emerging-market quartet consisting of Brazil, Russia, India and China.
Two members under the spotlight are Brazil and China. Emerging markets fund manager Mark Mobius was quoted recently as saying the Latin American giant's economy was "more sustainable" than that of the Asian powerhouse, mainly due to Brazil's self-sufficiency in major commodities.
Resource riches help, but hardly guarantee prosperity: Just ask that other BRIC, Russia.
Related Links
