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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Drum rolls in the great disappearing act of Russia's banks

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

Kremlin: No evidence in Olympic doping allegations against Russia

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

PROFILE: Day of reckoning comes for eccentric owner of Russian bank Uralsib

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

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss