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Investors will be watching to see if these countries, with their illiquid markets and sometimes tenuous political conditions, can grow when the world-wide competition is a bit more intense and not merely float on a rising tide.
Flickr photo courtesy of babasteve.
I wonder though, would the article report the same results for Pakistan, Peru and Chile had the BRICs’ performance not been so bad. In other words, world stock markets are not always independent of each other in their performance. Had the market not responded to extensive advertising of investing in the BRICs, perhaps the influx of foreign investment would not have been so strong...
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