Showing posts with label BRICs. Show all posts
Showing posts with label BRICs. Show all posts

Monday, August 26, 2013

This Age of Bubbles

August 22, 2013
By PAUL KRUGMAN
The New York Times
So, another BRIC hits the wall. Actually, I’ve never much liked the whole “BRIC” — Brazil, Russia, India, and China — concept: Russia, which is basically a petro-economy, doesn’t belong there at all, and there are large differences among the other three. Still, it’s hard to deny that India, Brazil, and a number of other countries are now experiencing similar problems. And those shared problems define the economic crisis du jour.