Stick with BRIC

December 23, 2014

It’s easy to mock the idea that the four biggest emerging markets – Brazil, Russia, India and China – will reshape the world economy. But the balance is still moving their way, even with slowdowns and Russian turmoil. Markets say otherwise because they were too keen at first.

Can the BRICs save the PIIGs?

September 21, 2011

Brazil’s limited offer of $10 billion of support for the euro zone is pure posturing aimed at enhancing its status in global finance.

BRIC success shows the power of a good idea

November 28, 2011

Goldman’s Jim O’Neill invented the acronym for the leading emerging markets 10 years ago. What started as a good economic theme became a state of mind – the embodiment of a global power shift. So far, so good, but at least one BRIC is likely to disappoint in the next decade.

Growth gap puts IMF in endless campaign mode

April 23, 2012

The BRICs are already clamoring for more sway at the IMF - even before previous boosts in voting strength are finalized. With developing nations forecast to grow twice as fast as rich rivals in the next five years, haggling over heft will be a permanent feature of IMF meetings.

South Africa has work cut out to reach BRIC goal

August 26, 2010

South African president Jacob Zuma wants to join the BRICs. The likely deluge of foreign investment from membership of the club representing the biggest fast-growing economies would bring huge benefits. But Zuma has plenty to prove -- including that he can avoid the BRICs' worst failings.