The foundation of the BRICS concept may be starting to crumble: https://t.co/VD3Rw71MFn pic.twitter.com/SXw87aE4ae
— CSIS (@CSIS) October 28, 2015
From Marcus Degaut at CSIS:
The group consists of two emerging industrial economies (China & India) and three commodity exporters (Brazil, Russia, South Africa). Their interests are bound to diverge, especially when slowing Chinese growth drives commodity prices lower.
Read more at CSIS: Do the BRICS still matter?
Anders Åslund:
From 2000 to 2008 the world went through one of the greatest commodity and credit booms of all times. Goldman Sachs preached that the BRICs were unstoppable….
However, Genesis warns that after seven years of plenty, “seven years of famine will come and the famine will ravage the land”. Genesis appears to have described the combined commodity and credit cycle, from which the Brazil, Russia, India and China have benefited more than their due….
Read more at The BRICs party is over | vox.