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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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True stories from Finance and beyond, that no one could possibly make up, and would normally leave the rest of us speechless, along with comments in the immortal spirit of the legendary Waldorf & Statler.
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7 comments:
Iceland perhaps? It doesnt get much worse from here...
All we need is a unified Korea and we will have all the BRIIIICKs necessary to build the new global economy...
As far as acronyms go, by far the sexiest is PIGS (for the problematic EU countries Portugal, Ireland, Greece, Spain). Now the way things are going we should start thinking about PIIIIIIIIIGS to include Ifrance, IUK, Italy (obviously) and the remaining IBalkan Icountries. That should provide a more accurate picture of the EU going forward...
Now I understand what they mean when they talk about a Swine Flu pandemic...
OMFG. This story has so many comedic layers....
Just like Onion....
From all of the above, i put my money on ITunes; it has by far the best story and financials...
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