Don’t Bet on the BRICs
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In the midst of the Eurozone crisis and the G20 summit, many commentators are hailing this moment as a key sign of America’s decline and the rise of emerging powers – principally China but also India, Brazil and others. In the new issue of Bloomberg Businessweek I argue that this optimism over the BRICS’ ability to aid the world economy is, for now, wildly overrated.
You can read the article in its entirety here.
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