Will BRIC conquer the world ?
Posted by LeGianT on June 23, 2008
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.