BRIC Nationalism Is No Alternative

Developmentalist nationalism is a poor substitute for social democracy.

Illustration by Ricardo Santos

In 2001, Goldman Sachs economist Jim O’Neill coined the phrase “BRIC” — referring to Brazil, Russia, India, and China — to describe the emerging market economies that looked set to drive global economic growth in subsequent decades. At the time, these countries were home to more than 40 percent of the world’s population and about a quarter of global […]