“BRICs No Less Vulnerable To Global Risks”

Dr. Michael LaitmanOpinion (from Reuters): “Risk consultancy Maplecroft said its Global Risk Atlas, which highlights potentially destabilising factors in the world’s key growth economies, found that Brazil, Russia, India and China were no less susceptible to potential security or economic shocks than in previous years….

“For some of them, governance and reform have not kept pace with economic growth, leaving them vulnerable to potential risks such as terrorism or climate change, the survey found.

“According to the report, India and Russia are among 41 countries classified as ‘high risk’, with poor governance, systemic corruption and terrorism identified as particular risks.

“China, meanwhile, is also exposed to security issues, but is classified as ‘medium risk’ due to the unlikelihood of social or political upheaval on a national scale, the report said.

“Brazil, also ranked ‘medium risk’, is considered the least susceptible to global risks of the four BRICs, due in part to the stability of its political structure and record of strong governance.”

My Comment: The crisis will spare no one because it is global and will eventually lead to the need for all countries to change goals and development programs, to replace the material development of society of unlimited consumption  with a society of reasonable consumption, and instead of chasing fulfillment in shopping, fulfilling oneself above our life with what a human seeks subconsciously.

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