Economics: Does Russia deserve its place in the BRICS?

India invested in maths, science and higher education (photo:dpa)
India invested in maths, science and higher education (photo:dpa)

The emerging economies of the world are powering ahead using different strategies. But is Russia's performance sufficient for it to hold its place in this special group. GIS expert Professor Stefan Hedlund investigates in this special report.

LABELS are needed because they help identify and sell products. But they are also important because they structure the way we think.

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Goldman Sachs analyst Jim O’Neill gave us the ‘BRIC’ label - BRIC referring to Brazil, Russia, India and China - in 2001. He used it to draw attention to a group of fast-growing economies which were emerging to challenge the established world economic order.

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