Are the BRIC Nations Cracking?

Contract workers fit drill pipe sections on the drilling floor of an oil rig in the Salym oilfields near Surgut, Russia. Photograph by Alexander Zemlianichenko Jr./Bloomberg

Brazil, Russia, India, China. Group these developing nations together, as Goldman Sachs’s Jim O’Neill so presciently did in 2001, and you have the BRICs—perhaps the past decade’s most famous macro investing call.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.