What's happening at the
Sunday 20 Aug 2017 | 03:13 | SYDNEY
Sunday 20 Aug 2017 | 03:13 | SYDNEY

Only one (and a half) BRICs in the wall

By

COMMENTS

4 November 2009 06:04

If you look at the share of world GDP for the four BRICs over the past two decades (1989-2009) you see that China's share has gone up dramatically. India's share has also risen, but not by anywhere near as much. Russia's has fallen noticeably, although since recovered a bit, and Brazil’s is virtually flat (actually, also down a little). So the BRIC story is really a story about China and more recently India:

OK, this is cheating a bit, since the BRIC story is supposed to be forward looking and this is back-checking the data. But it’s still quite striking.

You may also be interested in...

  • Popular 18 Jan 2017 08:50
    Not for the first time in US history, Russia hysteria has hijacked the political discourse. Rhetoric abounds that Russia 'hacked' the US election; the actual charge is that the Russian government covertly accessed the email account of senior Clinton aide John Podesta and later supplied his emails to WikiLeaks.
  • Popular 3 Aug 2017 10:51
    Foreign support for the rebuilding of Marawi City is necessary and most welcome but again will only address the latest symptom of this decades-old problem.
  • Popular 3 Mar 2017 13:11
    While international attention is focused on elections, more substantive change is likely to happen in European security policy.