HAS THE GLOBAL ECONOMY HIT A BRIC WALL?
(BRIC) Brazil-Russia-India-China have symbolized the rise of once-poor countries developing into global economic powerhouses.
It was originall thought that the rapid expansion of emerging-market countries would rescue Europe, the United States and Japan from international economic turmoil.
BRIC was believed to prop up the global demand for industrial goods, oil, foodstuffs and minerals. But that optimism may never be realized, according to some economists who argue that this was once a possibility, but no longer.