The smog of war
... Sachs, Jim O'Neill, the creator of the BRIC (now BRICS) model, predicted that the combined GDP of eight countries-- China, Russia, India, Brazil, Turkey, Mexico, South Korea and Indonesia-- will account for about a third of the world economy by 2020. The G7 countries – Germany, the United States, Japan, Great Britain, Canada, France and Italy – will account for just over 40%.” But it is the major economies who are stuck paying the full tab....
23.01.2016