Asiana21

TIME FOR GOLDMAN TO ADD INDONESIA TO THE BRICS

William Pesek

Bloomberg, May 28, 2008

Muhammad Lutfi dreams with the BRICs.

The head of the Indonesian Investment Coordination Board still scratches his head over why more money isn't rushing into Southeast Asia's biggest economy. Why, he asks, do Brazil, Russia, India and China, the so-called BRICs, get more attention?

“I was shocked a few years back to see that Indonesia was not a BRIC,” Lutfi said on May 22 at a EuroMoney conference in Bali. “It should be.”

Lutfi's views have a rose-colored-glasses feel that can seem excessive, yet the point is worth considering.

Economist Jim O'Neill of Goldman Sachs Group Inc. created a sensation when he coined the acronym in 2001. It referred to the four countries that would join the U.S. and Japan as the biggest economies by 2050. Another widely cited report, “Dreaming with BRICs,” followed in 2003.

(...) [artículo aquí]