A few weeks ago we spoke about the BRICs, the emerging countries which, if well-managed, could soon be the largest economies in the world. When I introduced the acronym I thought it was only a cute, obscure acronym known only to a group of geek professors. It turns out that some people have taken it seriously and this week there was the first ever summit meeting of BRIC Presidents. See this article from NYT (I have included the first sentences):
Emerging Economic Powers Meet in Russia
http://www.nytimes.com/2009/06/17/world/europe/17bric.html
MOSCOW — Leaders of some of the world’s most powerful economies gathered Tuesday to discuss how they can exert more control over the global financial system as it takes its first wobbly steps toward recovery.
Yet not an American or Western European was in the bunch.
The first summit meeting of the so-called BRIC group — Brazil, Russia, India and China — was intended to underscore the rising economic clout of these four major developing countries and their demand for a greater voice in the world.
No comments:
Post a Comment