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Why Brazil Is The Odd BRIC.(World Affairs)(Brazil, Russia, India and China)(Brief article)
Byline: Mac Margolis
Brazil, Russia, India and China have been slow to embrace the BRIC acronym, coined in 2001 to describe the four giant emerging markets. But now they're trying to convert their shared bulk into clout--and none more so than Brazil. On June 16, at Brazil's urging, BRIC leaders will meet in Russia to discuss an ambitious agenda: overhauling the international financial system, enlarging the United Nations Security Council and dumping the dollar as the world's reserve currency. The powwow is being billed as a test of whether the BRICs can shift the global power equation. But perhaps the biggest test will be for Brazil.
Brazil has always been the outlier of the four. It's the slowest-growing, expanding at half the rate that China and India have over the last decade, and at two ...
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