April 10, 2012
Alvaro Vargas Llosa
Investors.com
Just over a decade ago, in a paper entitled “The World Needs Better Economic BRICs,” Goldman Sachs Asset Management Chairman Terence James “Jim” O’Neill introduced the acronym BRIC, which identified four rapidly developing economies—Brazil, Russia, India and China—as up-and-coming global leaders.
In the decade since, the four economies have grown at a much faster pace than the rest of the world, lifting millions of people out of poverty: some 40 million in Brazil alone.
Indeed, a more recent Goldman Sachs report, published in 2010, predicted that the BRIC countries could account for 41% of the world’s market share by 2030. But that’s far from certain.
Brazil’s economy, for example, is plagued with problems, despite a 4.4% compounded annual growth rate over the past five years. Unless Brazil cuts the Gordian knot, the BRIC group could become the RIC group...
Mais
In the decade since, the four economies have grown at a much faster pace than the rest of the world, lifting millions of people out of poverty: some 40 million in Brazil alone.
Indeed, a more recent Goldman Sachs report, published in 2010, predicted that the BRIC countries could account for 41% of the world’s market share by 2030. But that’s far from certain.
Brazil’s economy, for example, is plagued with problems, despite a 4.4% compounded annual growth rate over the past five years. Unless Brazil cuts the Gordian knot, the BRIC group could become the RIC group...
Mais
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