The BRICS Agenda
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The BRICS Agenda

Justin Lin, Carlos Ghosn, Alexei Kudrin, Arun Jaitley, Nhlanhla Musa Nene, Marcelo Neri and Sílio Boccanera
World Economic Forum, 2015
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7

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Recommendation

Brazil, Russia, India, China and South Africa (BRICS) all underperformed in 2014. In this World Economic Forum panel that took place in early 2015, BRICS representatives defend their respective countries’ economic performances. Though each panelist has a rose-tinted view of his own nation’s position, getAbstract recommends the discussants’ collective insider analysis to economists, investors and developers with vested interests in emerging markets.

Summary

The performance of the BRICS nations – Brazil, Russia, India, China and South Africa – has faltered in recent years. Jim O’Neill, the economist who coined the acronym “BRIC” in 2001, has admitted that only China has met his expectations, though he remains hopeful for India. Is the golden age of growth over for these former high achievers?

  • Brazil – A promarket finance minister within a left-leaning government proposes to direct Brazil down a “middle path.” Despite a low growth rate of just 0.5% in 2014, Brazil boasts low unemployment, real income growth of 5.5% and declining income inequality. The time is ripe for structural reforms. While low oil prices are positive in...

About the Speakers

Journalist Sílio Boccanera leads a panel of representatives from Brazil, Russia, India, China and South Africa.

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