December 19, 2011
Santiago, Chile
Ten years ago, Goldman Sachs' Jim O'Neill coined the term "BRICs" to lump together a group of large, rapidly-growing economies that we all know well: Brazil, Russia, India, and China.
True to his thesis at the time, growth and development in these countries has left the rest of the world for dead over the past decade.
But all good things must come to an end... and it's now clear that the BRICs are in for a much more difficult period.
China is slowing fast. Property prices have stalled and begun pulling back, souring a huge component of economic growth. The same[...] Click here to continue reading
Santiago, Chile
Ten years ago, Goldman Sachs' Jim O'Neill coined the term "BRICs" to lump together a group of large, rapidly-growing economies that we all know well: Brazil, Russia, India, and China.
True to his thesis at the time, growth and development in these countries has left the rest of the world for dead over the past decade.
But all good things must come to an end... and it's now clear that the BRICs are in for a much more difficult period.
China is slowing fast. Property prices have stalled and begun pulling back, souring a huge component of economic growth. The same[...] Click here to continue reading