Since Jim O'Neill of Goldman Sachs introduced the idea of the Brics in 2001, there has been an ongoing debate over which of Brazil, Russia, India and China is the best one to invest in. China's 10% GDP growth and mountain of foreign exchange reserves has mesmerised the world, but last year Brazil's star was in the ascendant amongst global emerging market investors. However, regardless of which of the Brics is currently in vogue, it's safe to say that Russia tends to be the least loved of the four.
Nevertheless, an increasing number are arguing that's not entirely fair on Russia: closer inspection shows a much more complicated picture. China is growing so fast because it's a low-income country and is just beginning its catch-up journey with the developed world. But Russia is already a middle-income country and over half way along the road of converging with the developed markets. Here we present some of the main parameters by which a country is rated, so you can judge for yourself which is the best Bric.
Jason Corcoran in Moscow - Russian banks are disappearing at the fastest rate ever as the country's deepening recession makes it easier for the central bank to expose money laundering, dodgy lending ... more
bne IntelliNews - The Kremlin supported by national sports authorities has brushed aside "groundless" allegations of a mass doping scam involving Russian athletes after the World Anti-Doping Agency ... more
Jason Corcoran in Moscow - Revelations and mysticism may have been the stock-in-trade of Nikolai Tsvetkov’s management style, but ultimately they didn’t help him to hold on to his ... more