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    "If you can't predict the future, then you need a system that can handle breakdown" John M. Keynes

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    "The birth of economics as a discipline is usually credited by Adam Smith, who published "The Wealth of Nations" in 1776. Over the next 160 years an extensive body of economic theory was developed, whose central message was: Trust the Market." _ Paul Krugman
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    "One fear is that foreign investors will stop buying U.S. debt, just as Washington needs to borrow more. Such a turn could lead to a dollar collapse, causing spikes in long-term rates and inflation. The less the U.S. need to borrow from abroad, the less downward pressure on the dollar - and the greater the balance in the global economy." _ James C. Cooper

Will BRIC conquer the world ?

Posted by Robin Thieu on June 23, 2008

BRICBRICBRICBRIC

http://www.spiked-online.com/index.php?/site/article/4390/

Stuart Simpson

Thursday 21 February 2008

Essay: We should celebrate the spread of wealth and modernity in the developing world, while recognising that a great shift in global power is not imminent.

The continued rise of the emerging economies, particularly India and China, is never far from the headlines. What impact these economies will have on the twenty-first century is the subject of much debate, with the possibility of a shift in global political power a recurring theme. It is often assumed that the emerging economies are following the same path to development that the established economic powers did – but this assumption is worth questioning.

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