Even though nations such as Brazil, Russia, India, and China will account for most the world’s growth over the next five years, here’s why it actually sucks to be a BRIC.
As shown in this chart from the Financial Times, people living in exciting-growth BRICs nations will remain unexcitingly poor for a long time to come. Meanwhile, the boring developed nations will keep getting richer. This relationship won’t change for a very, very long time. (Via Paul Kedrosky)
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See Also:
- BEFORE THE MAVINS: The Amazing Story Of The BRICs
- The Next BRICs: Six Surging Countries You Must Pay Attention To This Decade
- Goldman’s Jim O’Neill: Easy Money And High Oil Prices Make Russia The #1 BRIC For 2010