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A window through the BRICs

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  • Ercouncil@aol.com
    The contention that the BRICs are gradually taking over from the West, any of them, fails to convince. Today’s Leader in the London Times states that:
    Message 1 of 1 , Aug 29, 2011
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      The contention that the BRICs are gradually taking over from the West, any of them,  fails to convince.  Today’s Leader in the London Times states that:
       
      “Corruption is the single biggest obstacle to holding back India’s growth, modernisation and emergence as a big power on the world stage. It is all pervasive. For almost every ordinary service, every daily dealing with a government official, Indians have to pay a bribe: to get a driver’s licence, enrol their children in nursery school, see a medical specialist, register their land or clear their goods through customs. Businessmen have protested that they cannot get their businesses off the ground. Newspapers have exposed the most blatant local government frauds. Voters have demanded action to stop the daily demand for money with menaces. All to no avail. Parliament has dithered, ministers have issued empty promises and the politicians have continued bribing voters even as Anna Hazare (the 74 year old anti-corruption campaigner ) began his hunger strike.”
       
      And let us not forget that India is quite the most civilised of the BRICs - see my previous posting on the definition of ‘civilisation’ for that.
       
      These emerging third world countries, for all their booming GNP statistics, (and who, exactly, compiles the statistics?) still have a very long way to go before they can match or catch the states of the Atlantic rim and Australasia. As a statistician, I am far from convinced that graphs merely projecting past economic growth into the future as straight lines has any significance whatsoever.
       
      Chris M
      London
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