3Qs: Forecasting 2012 for the BRIC nations
In 2001, Goldman Sachs grouped the BRIC countries — Brazil, Russia, India and China — into that acronym because they were at a similar stage of economic development. On Tuesday, the American multinational news corporation Bloomberg named China as the only BRIC nation ranked among all top global emerging markets. We asked Ravi Ramamurti, Distinguished Professor of International Business and director of the Center for Emerging Markets at Northeastern, to identify what’s next for these four countries.
