BRICs

Global Spectator, by Andrés Ortega Is the world economy seizing up? It’s not just because of China

Taking a long term perspective, much has been made of the ‘secular stagnation’ notion made fashionable by Larry Summers in 2014. It may be that we are in the midst of a long cycle or facing a worldwide readjustment or purge, partly owing to the slowdown and change of [...]

Global Spectator, by Andrés Ortega Europeans race head over heels to Beijing

China has launched an Asian Infrastructure Investment Bank (AIIB), a good initiative in a region that in the coming years will require large, actually huge, transport systems and other public works. But the move has driven a further wedge between the US and Europe, at a time when they [...]

The BRICS bank: the first big move in China’s global weiqi game

The coming weekend a number of senior officials of the BRICS will arrive to Brazil. Most of them will try to attend the football world cup final on Sunday, but enjoying the atmosphere of the Maracaná stadium will not be the highlight of their visit. After the weekend they [...]

Global Spectator, by Andrés Ortega Still emerging, but not so much

They are performing better than we Europeans, but not as well as before. The growth of the emerging economies is slowing down. Are we at the end of the Great Convergence, as Dani Rodrik suggested some months ago, or is this just a slowdown, as Martin Wolf saw it, [...]
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