Are the BRICS nations experiencing a midlife crisis, or are they on the brink of retirement?
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.
In this summary, you will learn
- How representatives of Brazil, Russia, India, China and South Africa (BRICS) put a positive spin on their respective nations’ poor economic performances in 2014;
- What reforms are required in each nation; and
- How each country is responding to the drop in oil prices.
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