What do Egypt, Iran, Pakistan, and Nigeria all have in common? They are very populous, Muslim-majority countries, all facing constant political unrest and on the brink of collapse. And yet they are also all part of Goldman Sachs’ “Next Eleven,” the much-anticipated extension of its fabled category of “BRICs” — comprised of Brazil, Russia, India, and China.
Egypt, Libya, and the Folly of the BRICs
What do Egypt, Iran, Pakistan, and Nigeria all have in common? They are very populous, Muslim-majority countries, all facing constant political unrest and on the brink of collapse. And yet they are also all part of Goldman Sachs’ “Next Eleven,” the much-anticipated extension of its fabled category of “BRICs” — comprised of Brazil, Russia, India, […]
February 22, 2011