Roubini Says ‘Hyped Up’ BRIC Success at Risk on Rising State
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The biggest developing nations risk overturning the achievements of the past decade by increasing the state’s role in the economy, according to Nouriel Roubini.
Roubini -- dubbed Dr. Doom for predicting hard times before the global financial crisis began in 2008 -- said Brazil, Russia, India and China have been moving away from market economies recently.