BRIC

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The world is stuck in a vicious cycle writes Lawrence Summers

If the global economy was in trouble before the annual World Bank and IMF meetings in Tokyo last week, it is hard to believe that it is now smooth sailing. Indeed, apart from the modest stimulus provided to the Japanese economy by all the official visitors and the wealthy financial sector hangers on, it is … Continue reading

Eurozone: India and China contributed 95 percent of the jobs created by the BRIC nations

As Eurozone companies fight recession, India and China contributed 95 percent of the jobs created by the BRIC nations after the US, which led the employment generation, according to a recent survey. The number of jobs created by BRIC investors in Europe increased by 8 percent in 2011, with India and China together accounting as … Continue reading

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