Best of the Bric bunch

By bne IntelliNews February 25, 2011

bne -

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.

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