The man who built BRICS now breaks down world disorder

by Rashmee

Posted on October 9, 2019


Jim O’Neill recently wrote that the growing discontent in the world is the result of a breakdown in the international capitalist model. This matters. Lord O’Neill is the man who built BRICS (originally BRIC), the concept that decreed Brazil, Russia, India, China be considered as one economic group with enormous potential. Later, South Africa was … Continue reading “The man who built BRICS now breaks down world disorder”

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What’s on BRICS’ collective mind?

by Rashmee

Posted on July 25, 2019


Today (July 25th) and tomorrow, foreign ministers of the BRICS countries meet in Rio de Janeiro. BRICS —Brazil, Russia, India, China and South Africa – will have its annual summit in Brasília in November. The foreign ministers will discuss what their principals will talk about later in the year. But there are some hints already … Continue reading “What’s on BRICS’ collective mind?”

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US, Denmark are good examples of countries that got rich – just not quickly & spectacularly

by Rashmee

Posted on March 10, 2017


There’s no such thing as an economic miracle, declared George Mason economics professor Tyler Cowen on Bloomberg View, describing the boring consistency displayed by the US and Denmark over decades. Professor Cowen told it like it – it’s steadiness that makes a country wealthy and well-governed, and that without good governance there can’t be great wealth … Continue reading “US, Denmark are good examples of countries that got rich – just not quickly & spectacularly”

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Did Rio Olympics shine the light on why BRICS really should have been Cribs?

by Rashmee

Posted on August 22, 2016


It may not be too extreme to say that the Rio Olympics broadly showcased some of the problems faced by Brazil. And of the BRICS, that clutch of nations described in a jaunty acronym. There was a bit of hype and hope and a modicum of gloom. How far we have come from that day in … Continue reading “Did Rio Olympics shine the light on why BRICS really should have been Cribs?”

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BRICS really should have been Cribs. That would have been more realistic

by Rashmee

Posted on May 16, 2016


How far we have come from that day in November when news came that Goldman Sachs was planning to shut its BRICS investment fund. At the time, it was considered, in that overused term, “the end of an era.” Now, it seems really smart and the sort of look-ahead policy that prevents banks and businesses … Continue reading “BRICS really should have been Cribs. That would have been more realistic”

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The Brics bank comes into being. A powerful statement, that’s all

by Rashmee

Posted on July 8, 2015


The Brics countries – Brazil, Russia, India, India, China, and South Africa – will formally set up their New Development Bank (NDB) and a Contingent Reserve Arrangement (CRA) on July 9 in Ufa in Russia. What do these arrangements really mean other than dissatisfaction with the old world order? And the fact that once, these … Continue reading “The Brics bank comes into being. A powerful statement, that’s all”

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Rashmee has lived and worked in several countries in the past decade, including Afghanistan, India, Haiti, Tunisia, the UAE, US and UK