Word: bric
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Dates: during 2000-2009
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...another item to their eclectic wares: posters of the country's recently re-elected President Susilo Bambang Yudhoyono. The hawking of new merchandise in some of the world's worst gridlock is a fitting metaphor for a country that hopes to add a second I to the so-called BRIC emerging economies of Brazil, Russia, India and China. Just as SBY's second five-year term will draw to a close in 2014 - by which time he has vowed at least 7% economic growth, up from the 4.5% estimated for this year - urban planners fear that traffic in Jakarta will...
...storm, he prays before his meal. His mother says he was always "very disciplined and God-fearing" - taking after her, of course. Her front garden features a coral-lined altar to the Virgin Mary, and an entire shelf in her living room is filled with icons and bric-a-brac in honor of Christ's mother. Dionisia wanted Manny to be a priest. Prayer reigns in his gym. "After each workout," says Giongco, "he requests a moment of silence where he prays, and then everything goes back to normal...
...biggest issue is the fact that they are still planning on patenting in the BRIC countries—Brazil, Russia, India, and China—and that is problematic,” said Jillian L. Irwin ’11, a member of Harvard UAEM. “For us, the challenge is to ensure that they are not putting patents [on the drugs] and that there is a strategy in place for poor people to get them...
Before the financial panic of last fall, many business and government leaders in the BRIC countries spoke confidently of "decoupling" from their economic reliance on the U.S. Such talk faded as a subsequent collapse in global trade left no nation untouched. Yet with their big populations and growing middle classes, the BICs now seem to have suffered only a glancing blow. The word redecoupling is beginning to appear in the media. Nandan Nilekani, who is about to leave the chairmanship of Indian tech company Infosys for a government post, speaks of "tactical coupling" and "strategic decoupling." That is, nobody could...
...Europe flounder, it would spell an end to America's long reign as the driving force in the global economy. Goldman's O'Neill has said it's "conceivable" that China's economy will be bigger than that of the U.S. in less than 20 years and that the BRIC countries as a group will carry as much economic weight as the G-7 group of Western powers plus Japan. This sounds like bad news for the U.S. - and it will certainly bring all sorts of new complications to the global political scene. From a purely economic standpoint, though...