BRIC has been a buzz-word for some years now, well known by investors and people interested in the financial markets and synonym of exceptional returns. Here's why a guy who knows a couple of things about global economic trends thinks what we saw and enjoyed in the last 5 years might be just the tip of an icerberg.
Presentation:
http://www.gs.com/brics/brics_intro.html
Research Paper:
http://www2.goldmansachs.com/insight/research/reports/99.pdf
Very interesting piece of research by Goldman Sach's rockstar economist O'Neill. It's interesting to note that India and China are actually already ahead of O'Neill 2003 forecasts, as reflected also by the recent reform of the IMF governance shares.
Some charts, to put this on perspective:
India's BSE Vs. Dow Jones
http://finance.yahoo.com/charts#chart2:...=line;crosshair=on;logscale=on;source=
Brazil's BVSP Vs. Dow Jones
http://finance.yahoo.com/charts#chart2:...=line;crosshair=on;logscale=on;source=
And the scary Russia's RSF Vs. Dow Jones
http://www.marketwatch.com/tools/quotes...ls/quotes/javachart.asp&rand=920020699
Honk Kong's Hang Seng Vs. Dow Jones
http://www.marketwatch.com/tools/quotes...ls/quotes/javachart.asp&rand=776481270
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