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  • BRICS

    Amid Woes, Emerging Markets Need More Economic Freedom

    Global markets are huffing and puffing and trying to blow the BRICs down. Some of the BRICs—Brazil, India, and China in particular, along with other emerging markets such as Turkey—are feeling the pinch as their economies weaken and currencies slide. This week, central bankers from Turkey and Brazil are considering … More

    Russian War Games in Black Sea

    On March 28, Vladimir Putin, returning home from the BRICS (Brazil, Russia, India, and China) Durban summit, ordered Minister of Defense Sergei Shoigu to mobilize the Black Sea Fleet—immediately. More than 7,000 troops, and some 36 warships, 250 armored vehicles, 50 cannons, and as many as 20 fighter jets were … More

    Declining Economic Freedom and Growing Statism: The BRICs Are Hitting the Wall

    Economist Nouriel Roubini warned late last month at the World Economic Forum that economic growth in the so-called BRIC countries (Brazil, Russia, India, and China) is at risk: Their past successes were “hyped up,” and the futures of the BRICs are at risk due to rising statism. This rising risk … More

    Russia’s African Expansion Boosted by New BRICS Stock Market

    Russia is bemoaning the passing of Libyan dictator Muammar Qadhafi, an old friend and client of the Soviet Union and a reliable customer for Russian arms sales. But Qadhafi belongs to the 20th century. In the 21st, Russia has new interests in Africa, and the Libyan strongman’s passing will not … More