BRICS & New World Order Thread

[gelgoog]

Are you trolling?when Goldman Sachs came up with BRIC there is no group. They literally came up with the acronym! So when China and Russia decided to use it and create a group, of course India would be in it, they didn't make up the list. And BRIC is only meant for developing economies that potentially would grow fast based on early 2000s outlook, not a political group. Just because it is turning out to be one doesn't mean that how it was formulated in the first place.

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[Overbom]

if China wanted a purely anti-West bloc, it would have done so a long time ago. India is ok where it is now after being kicked by both China and US. It will lay down for a while

 

[horse]

Back then, a few decades ago, they were big on using acronyms.

My favourite and still is, that is Club Med.

Those countries were in trouble back then, and still kind of in trouble right now. Heh.

PIIGS was another good one.

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That O'Neil guy, he was just stating the obvious. The four biggest emerging markets at that time were the BRIC countries.

The BRIC were poorer than the PIIGS, but doing better.

Today, are the BRIC really poorer than the PIIGS? Leave India out and I would say no.

 

[Quan8410]

Are you trolling?when Goldman Sachs came up with BRIC there is no group. They literally came up with the acronym! So when China and Russia decided to use it and create a group, of course India would be in it, they didn't make up the list. And BRIC is only meant for developing economies that potentially would grow fast based on early 2000s outlook, not a political group. Just because it is turning out to be one doesn't mean that how it was formulated in the first place.

China and Russia had no business listening to Goldman Sach. It's China and Russia who DECIDED to use the idea. They can choose to not go with it but they made a mistake by going with Goldman Sachs idea and invited India. They can just go with BRC. So BRICS as an ORGANIZATION, not an idea is founded by China and Russian. Do you think Karl Mark founded PRC just because he came up with Communism?

 

[PiSigma]

China and Russia had no business listening to Goldman Sach. It's China and Russia who DECIDED to use the idea. They can choose to not go with it but they made a mistake by going with Goldman Sachs idea and invited India. They can just go with BRC. So BRICS as an ORGANIZATION, not an idea is founded by China and Russian. Do you think Karl Mark founded PRC just because he came up with Communism?

Russia and China thought it is a good brand and went with it. But the time it was created relations were decent before all 4 members.

If u only look at growth, it's better to drop R and B, more CI. Like I said it is a economic grouping and a geopolitical grouping which it is evolving into.

 

[gelgoog]

Russia is gonna grow by like 4% this year. They are growing faster economically than the G7.
It is also easy to dismiss the Russian economy, but it has something which both China and India need, which is energy.
Russia is an energy powerhouse, be it in oil, natural gas, coal, or even nuclear technology.

This was the prediction for GDP growth this year by the IMF. But Russian GDP has been revised upwards already.