Category Archives: BRICs

1) Brazil: Growth Prospects for the Country: Brazil’s economy grew by 7.1% in 2010, and is expected to grow at an average annual rate of 5% for the next 5 years (its economy is expected to be larger than Italy’s … Continue reading →

A) Brazil: Internal Issues and Threats to Brazil: 1) Poor Institutions / Policies: Brazil is a flawed democracy, and needs to reform its political and judicial institutions. It has a big government, that borrows way beyond its means – has … Continue reading →

Historical facts: It’s centralized and militarized state has distinguished Russia for centuries. It’s deeply ingrained sense of territorial security created the need for a large and expensive state bureaucracy and military. After WWI, the Russian empire lagged economically and technologically … Continue reading →

Some Historical Background: Brazil achieved independence from Portugal in 1822, but a constitutional monarchy was preserved until 1889. The old republic (1889–1930) was a highly decentralized state dominated by local political clans. Internal conflicts led to the collapse of the … Continue reading →

History: Historically, China has been the most powerful state in East Asia. From the Han dynasty (206 BC to AD 220) through to the early modern period, it was one of the most advanced countries in the world technologically. But … Continue reading →

In 2001, Goldman Sachs famously came up with the term BRICs (representing Brazil, Russia, India & China), and estimated that by the year 2050, the combined economies of the BRIC countries could eclipse the combined economies of the current richest … Continue reading →