Goldman Sachs economist Jim O’Neill was one of the first to spot the emerging Bric countries, and coined that term for Brazil, Russia, India and China. Now he is saying the Middle East and North Africa is likely to join the Bric countries in the sense of rising demand from a population that wants more, albeit as a result of unrest, revolution and civil war.
Dr O’Neill goes so far as to compare what is happening in the MENA region to the fall of the Berlin Wall: a rather sudden and unexpected popular and largely peaceful rebellion in favor of liberal democracy. Is that a reasonable analysis?
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