Don’t Bet on the BRICs
November 7, 2011
(L-R) India's Prime Minister Manmohan Singh, Russia's President Dmitry Medvedev, China's President Hu Jintao, Brazil's President Dilma Rousseff and South African President Jacob Zuma attend a joint news conference at the BRICS Leaders Meeting in Sanya, Hainan province April 14, 2011 (How Hwee Young/Courtesy Reuters).
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.
Post a Comment
CFR seeks to foster civil and informed discussion of foreign policy issues. Opinions expressed on CFR blogs are solely those of the author or commenter, not of CFR, which takes no institutional positions. All comments must abide by CFR's guidelines and will be moderated prior to posting.