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I am sure you are all aware of the famous BRIC acronym, standing for the group of the 4 rapidly developing economies (Brazil, Russia, India, and China) who are expected to play a larger role in the world ecopnomy and drive future global growth.
Well, we learn today that
Morgan Stanley is arguing that BRIC should actually become BRIIC to include Indonesia as another rapidly developing country. What exactly consitutes a developing country, and who gets to be included in the elite BRIC group has never been accurately defined, but one thing is for sure: once a trend is started there is no end to it. So here are a few suggestions for the third "I" (BRIIIC) surely to follow:
- Iraq: Daily suicide bombings aside, this is clearly a country on the rise (you can ask the State Department about it).
- Iran: A country that uses
Twitter to protest the results of a rigged election should definitely qualify: Not developed enough to have a fair election, not 3rd world enough to ignore new technologies.
- Italy: When the Cavaliere behaves like an African monarch and still manages to get the majority of the votes, he seems to know something about his country the rest of us don't (stories like
this one provide additional support for the candidancy).
Got any more I-deas? Let us hear them...
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