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EDC: BRIC to BRICS
04 April 2011
EDC’s Peter Hall comments on the prospect of a new member joining the ‘BRIC’ club.
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EDC BRIC
BRIC
BRICS
South Africa
Canada Exports
Getting in to the country club is a mark of success, a coming of age. Among countries, country clubs have the same appeal. Until 2008, the big one to get into was the G-7. Nowadays, the brass plate on the front door of the coveted club reads ‘BRIC’. And it seems poised to take on a new member.
Who’s the lucky candidate? Many have pre-concluded that Mexico is a natural. It has a large population, growing per capita GDP, integration with large economies and decent future growth potential. South Korea has also been feted as a prospect. But neither economy is the current choice.
Actually, the nod is going to South Africa –...
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