Emerging Markets That Fail to Emerge

March 12, 2012

Brazil’s 2011 growth was announced this week at 2.7%, or only 1.6% per capita, and prospects for 2012 don’t look too good either. Russia has just re-elected Vladimir Vladimirovich Putin, whose apparent flat-tax supply-side economics of 2001 has degenerated into crony capitalism enforced by nuclear weaponry.

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