BRIC'S overtake G7 by 2027 - Newsweek

[bananarepublic.ie]

They are screwed. The doom of the West has been prophisised many times. If you look at the industrial revolution and the information/IT revolution they happened in countries (the UK and US) that not only had free markets but free democratic open societies. China will never ever ever catch up to the West as long as they remain a communist dictatorship. It is no coincidence that the G7 are all free market liberal democracies. It is the value systems they have that make them rich and prosperous. China and Russia will make the grade but Brazil and India could. Personally I hope the US and the EU strive with all their might to ensure that reprehensible thugocracies like China and Russia are kept in check because the world doesn't need another Soviet Union type superpower.

I dont buy that prophascy of US doomed its all over..that BS. There is no doubt US will strike back, they are hard guys they have best brain best universities, young country compared lunatic EU. They make mistakes but they will eventually learn and master it. Still a very young country compared to rest of the world. No doubt Americans will get through this. Look at their law Bernie madoff is in Jail already unlike our law let them play golf.

Just the article said they "might" catch with US.

[bananarepublic.ie]

I was just keeping on eye BRIC nations.. seems to be study growth.

Emerging Markets Keep Soaring Past Their Doubters

Birth of Brazil's new middle class helps US carmakers in their fight to survive - The Irish Times - Mon, Dec 28, 2009

[hiker]

Power Up


What's called a 'global' recession is in fact shrinking economies mainly in the West, not the East.







this is sesmic shift, both India and china growing rapidly...We have seen china sending man to space, followed by Olympics, India sending probe to moon along with 8 other developed countries instrucments, IT services, Textiles and NANO car today. Taking eye over preimum westren brands Jag/land rover. Now another indian company eyeing at LDV vechicles... We are in very interesting times ahead..

I think this is most cruscial world history in my living life,

1) Fall of Berlin Wall
2) Fall of Communisum
3) The recession
4) raise of china and India

Sorry, just saw the thread, read the headline "BRIC overtakes G7".
I was wondering, is there a problem here or is it a case of, "nothing to see here, move along..."

[Clanrickard]

this is sesmic shift, both India and china growing rapidly...

Goobledigook mate.

The BRICs are better positioned to recover than their richer peers. Broadly speaking, better control of inflation, lower deficits, increasing productivity, richer social programs and greater political stability have given the emerging giants greater room for error at a time when the macro-economic environment in rich countries has been deteriorating.

Richer social programmes!!!!!!! India and China's social welfare programmes are puny in comparison to western ones.

Strong regulatory oversight allowed the Indian and Chinese financial sectors to emerge relatively unscathed from the credit crisis.

China is totally corrupt. The very idea that it has a strong regulatory framefwork is bunkum.

Of all the publications out there Newsweek is the worst. Trite trivial and sensationalist analysis.

[bananarepublic.ie]

Ignorent and Arrogent reply. Still didnt smell the coffee?

Richer social programmes!!!!!!! India and China's social welfare programmes are puny in comparison to western ones.

We have all seen Westren social welfare programs, from high rises in Baltimore, Maryland to Dublin, ballymun welfare social welfare programs achieved so much marginlised communities. Economies encourge not work by matching social welfare with Minimum wage. Enough said.

China is totally corrupt. The very idea that it has a strong regulatory framefwork is bunkum.

Corruption, tell me why UK's arms industry BAE need to sell Radar to Tanzinia their air force bare skelton and unusable. When its own SFO summons them they replied back bugger off? Yes we dont regulation thats Seanie Fitz also said in 2006 with RTE interview right? First stop lecturing China/India about how to run? When did you see daily consumer electronics product from the shelf made in Ireland, open up of Christmas presents i bet 70% from China unless its book. Corruption is everywhere. We aint saints.

Of all the publications out there Newsweek is the worst. Trite trivial and sensationalist analysis.

As long as Its not SUN/TIMES/FOX/Sky i am ok with that not run by *************************. My last link is from Nytimes btw

Answer me this, What is the highest volume product we export to China?