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The BRICS Fallacy

Palacio, Ana, (2015), “The BRICS Fallacy”, Project Syndicate, 29 Σεπτεμβρίου

The recent downgrade of Brazil’s credit rating to junk status was followed by a raft of articles heralding the crumbling of the BRICS (Brazil, Russia, India, China, and South Africa). How predictable: schadenfreude almost always follows bad news about the BRICS, whose members were once hailed as the world’s up-and-coming economic powerhouses and next major political force.

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