BRIC Nations

"BRIC or BRICs are terms used in economics to refer to the combination of Brazil, Russia, India, and China.
General thinking is that the term was first prominently used in a thesis of the Goldman Sachs Investment Bank. The main point of this 2003 paper was to argue that the economies of the BRICs are rapidly developing and by the year 2050 will eclipse most of the current richest countries of the world.
Goldman Sachs predicts China and India, respectively, to be the dominant global suppliers of manufactured goods and services while Brazil and Russia would become similarly dominant as suppliers of raw materials. Cooperation is thus hypothesized to be a logical next step among the BRICs because Brazil and Russia together form the logical commodity suppliers to India and China. Thus, the BRICs have the potential to form a powerful economic bloc to the exclusion of the modern-day G8 status. Brazil is dominant in soy and iron ore while Russia has enormous supplies of oil and natural gas. Goldman Sachs' thesis thus documents how commodities, work, technology, and companies have diffused outward from the United States across the world."
Source: Wikipedia

Is China Collapsing?

Everyone is talking about China these days. It is the rising star and western media is devoting countless time and energy in analyzing how and why China is going to be the number one economy in the years to come.
Here is another point of view. Infact, the author Gordon Chang ( http://www.gordonchang.com/) had predicted in his book 'The Coming Collapse of China' in 2003 that China will not be able to sustain this tempo.
The author is a Chinese American lawyer who has lived and worked in China and Hong Kong for over 20 years, bringing first-hand experience and economic expertise to this book.

Media watch

1. I like Tarun Tejpal's Tehelka. This group has been gripped in the controversy beacuse of the 'sting operations' but I think they are doing a wonderful job by exposing the criminal politicians of today. http://www.tehelka.com/

2. This exclusively online newspaper (requires subscription though) is published by public spirited team of youngsters. Th paper claims that it stands for the truth.
The link is: http://www.malaysiakini.com/