From Financial Express:
-Just two years ago, Brazil was basking in the glow of 5 percent economic growth, convinced it had a rightful place in the elite group of emerging market giants known as BRIC.
But now doubts about Brazil's place in BRIC - for Brazil, Russia, India and China - abound. Lackluster, start-and-stop growth has returned, while the economies of China and India have surged ahead to expand about 10 percent a year...
...At the World Economic Forum in Davos last month, Brazilians complained of being snubbed by the global elite. Brazil and Russia seemingly fell out of BRIC to leave only "Chindia...
Serves to remind us that this India passion of global industries may yet be a stormy affair while the going is good. If we dont make the most of it now (and we are missing opportunities galore thanks to our fighting leftists), we are likely to be the Brazil of tomorrow.
...Growth under Lula, who is likely to run for reelection this year, is forecast at an average 2.86 percent, even though he promised a "growth spectacle" early in his term.
That is better than the 2.34 percent that Fernando Henrique Cardoso, Lula's predecessor, averaged over eight years.
Still, it is well below what Lula promised voters and the 5 percent that analysts say Brazil needs to alleviate poverty afflicting a third of its citizens.
"Brazil can and could do better," World Bank President Paul Wolfowitz said in December...
If Brazil fails to pass reforms and improve education, it might fall out of BRIC forever and be stuck in another, less respected group called BIIC, said Gesner Oliveira, the anti-trust czar under President Cardoso.
That Portuguese acronym BIIC stands for bureaucracy, taxes, informal markets and corruption.
"The world is growing more and we've never had such a great opportunity to grow. Yet we are wasting it," he (Gesner Oliviera, the anti trust czar under Brazils previous president Cardozo) said.