Rise of the BRIC Nations

Chamberlain S. Peterside analyses the rise of the BRIC(pdf) nations and its relevance to Africa. "... There are a myriad of socio-political issues confronting them, but the potency of these countries (Brazil,Russia,India and China) transcends merely the labor market and natural resources into value-added productivity through utilization of technological tools that are easily accessible and cheaper to acquire. As free trade and globalization erodes barriers and diminishes competitive advantage of industrialized nations (such as financial wealth, developed infrastructure, high productivity and bargaining power), opportunities are gradually shifting to these erstwhile-impoverished countries...The Rise of BRIC the nations is dispelling the myth about archaic political doctrines and development models. The countries in question cut across all ideological spectrum and continents (except Africa). They all seem to agree on one thing - that the "market" is king. Another common denominator is size and natural resources, but today what counts is how countries deploy their human and material resources.You can identify amongst them, developing countries (all but Russia), former colonies (India and Brazil), former/current communist countries (Russia and China respectively) and of course poor or debt-ridden countries (all but Russia). Their experience could serve as a road map for most developing countries in Africa and other places..."
Via NigeriaWorld