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economies than Brazil, Russian India, and<br />

China, according to O'Neill. Neither country has<br />

officially tried to join.<br />

Indonesia has said it might want to be part of the<br />

BRICS at some time in the future.<br />

Are the BRICS a true economic force?<br />

To many observers and investors, the BRIC<br />

countries are merely five separate emerging<br />

markets with little in common. They are<br />

countries developing their economies—with a<br />

high pay off, but also with high risks.<br />

The risks include fears that all five could fail to<br />

live up to their economic potential. There are<br />

political concerns over human right issues in<br />

China and Russia that could keep out future<br />

investors and slow their economic growth.<br />

Looking at India, its troubled past with Pakistan<br />

could limit government finances, increase social<br />

unrest, and limit potential domestic economic<br />

demand.<br />

Brazil is said to just be getting some economic<br />

growth back after years of limited or negative<br />

growth, and slowing foreign investing.<br />

And South Africa has a mixed economy<br />

with a very high rate of poverty and low<br />

GDP per capita.<br />

Nonetheless, whatever the concerns, the<br />

BRICS are drawing large<br />

amounts of attention and<br />

money. Report said the<br />

BRICS were leading the world<br />

in attracting global<br />

investments, as of<br />

May 2011.<br />

6

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