Forget the BRICs; Meet the PINEs
While many emerging markets are taking a beating, a fantastic growth story in the developing world is widening and drawing in new countries Emerging markets are taking a beating these days, most of all the famous BRIC economies — Brazil, Russia, India and China. These four once seemed poised to dominate a post-American world. Not anymore. Brazil and India are posting growth rates that are only a fraction of what they were a couple of years ago. Russia’s prospects, already hampered by an overbearing state, are unlikely to improve as its aggressive moves into Ukraine could force Europe and the U.S. to impose economic sanctions. Even mighty China, while still notching admirable growth, must confront rising debt and a distorted financial system. The supremacy of the emerging world suddenly seems very far off. MORE China Exports Boom Suggests Economic Recovery Global Investors Got High on Emerging Markets: Now for the Comedown Here's An Updated Tally Of All The People Who Ha