Palacio, Ana, (2015), “The BRICS Fallacy”, Project Syndicate, 29 September
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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- Kennedy, Simon, (2015), “BRICS Bank Invite to Greece Has Jim O’Neill Thinking It’s a Joke”, Bloomberg, 14 May