Leaders | The B in BRICS
The Brazil backlash
Its strengths are real, but the government should worry more about its weaknesses
NOT long ago, the BRICs were lionised as fast-growing superpowers-in-waiting. These days Russia is portrayed as a corrupt petrostate. India is ensnared in red tape, unable to muster the political will to break free. The mighty Chinese economy has slowed in recent weeks (see article). Even South Africa, which considers itself to be the “S” in BRICs, seems sluggish and hidebound next to the gazelles to its north.
This article appeared in the Leaders section of the print edition under the headline "The Brazil backlash"
From the May 19th 2012 edition
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