BRICs
Brazil’s growing international presence
The BBC recently had an optimistic profile of Brazil’s position on the world stage. The article argues that Brazil has been largely successful at putting its own house in order, and is increasingly seen as a strong force in the international arena as well. Democracy and democratic institutions have been strengthened. At the same time, [...]
Bursting India’s myths about skin color
A few months back IndusLatin spotlighted the expansive use of skin whitening creams in India and Latin America. Recently the issue has been back in the news in India. Vogue magazine’s India edition dedicated its May cover story to the issue, and declared that it is time “to say we love, and always have loved, [...]
Brazil’s crisis philosophy: Foreign currency reserves trump IMF credit lines
One reason for Brazil’s relative success at navigating the current economic crisis is that it maintains US $243 billion in foreign exchange reserves. These reserves have acted as a crisis fund, of sorts, for the Brazilian government. Brazil has been able to use the fund to avoid having to rely on credit lines from international [...]
Building fashion empires of their own
International Herald Tribune Some insiders believe that Indian brands, which already have a majority share of the country’s luxury market at their fingertips, are more attractive to investors than local designers in other emerging economies. “Why smaller versions of the European conglomerates?,” asks Akshaya Chauhan, a director of the Fashion Design Council of India, who [...]
Industry experts say mining’s future shines
Peru, Chile and Brazil are in the sweet spot.San Jose Mercury News Every segment of the mining industry and the companies that support it continue to enjoy great success with no end in sight despite trouble on Wall Street, industry leaders said Monday at a national conference and trade show. Much of the optimism can [...]
The infrastructure boom – Building BRICs of growth
The Economist Compounding this year’s figure, Morgan Stanley predicts that emerging economies will spend $22 trillion (in today’s prices) on infrastructure over the next ten years, of which China will account for 43% (see left-hand chart). China is already spending around 12% of its GDP on infrastructure. Indeed, China has spent more (in real terms) [...]
Considering investments further afield
The Irish Times Overall, emerging markets are down by about 25 per cent this year, while the worst-hit markets include the Ukraine, which has fallen by almost 60 per cent this year; China, which is down 57 per cent due to fears of a bubble; and Russia, which is down 46 per cent since its [...]
BRIC offers best career options for executives globally
The Economic Times India, along with its emerging market peers Brazil, China and Russia, offers best career options for majority of executives around the world as opposed to the developed nations such as the US, Europe and Japan, a latest survey says. As per an executive quiz, focussed on international career options for todays business [...]
Oil Below $120 Will Reverse `BR-IC’ Fortunes:
Bloomberg.com: Opinion If the price of oil goes below $120 a barrel (from about $126 yesterday), if China’s annual inflation rate slows to 5 percent (from 7.1 percent last month), and if the U.S. banking crisis comes to an end, then the sagging fortunes of equity markets in the two Asian countries may reverse in [...]
Backing BRICS: Market meltdown exposes structural strengths
Image via Wikipedia The Australian. “We’re talking about the whole BRIC story, the $27trillion that’s going to be spent on infrastructure in the emerging world over the next 10 years, largely funded by internally generated revenues — that’s a fact,” Sosa says. “It’s not going to stop because we’re having a bit of a housing [...]
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