I think they got me and my colleague's pessimism about the BRICs exactly wrong. I think our point was that the potential of the BRICs was pretty exhausted, the BRIC label is fairly meaningless, Brazil, India, Russia, and China have some pretty big problems in the years ahead, and just being large won't save an economy if it doesn't reform. Other than that, spot on!
Dr. Christopher Hartwell is an institutional economist and President of CASE Warsaw. All commentary on this page is exclusively his own and in no way represents the views of CASE, his wife, his dog, or anyone else. Especially not his wife or his dog.