During the boom decade of 2000-2010, the larger emerging markets were growing at vastly faster rates than developed economies, so it seemed that some of them would rapidly achieve ‘middle income’ status. In particular, it appeared that the BRICS grouping was going to attain a dominant role in the world economy. However, a few years…
With the world’s mainstream media increasingly focused on the American election, especially the Battle of the Right-Wing Con Artists, Trump, Cruz and Rubio, you could be excused for not noticing that the world is still in the midst of an emerging markets crisis, with at least 29 nations affected. Yet for those willing to search…
2016 was supposed to be a triumphant year for Brazil. After all, it will be hosting South America’s first ever Olympic Games in Rio in 2016. This was supposed to mark its coming of age as a rising world power and the Latin American connection in the much-vaunted BRICS group of rising economies. Yet what…
tbilanguageschool 