Smack! The BRICs Hit a Wall of Their Own Making

The Atlantic

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In 2008, the developing world carried the developed world through the crisis. In 2012, the developed world isn't ready to carry the developing world if they have their own crisis. A shallow recession is probably the best-case scenario in Europe as it continues to flirt with disaster. And growth is still slow in the U.S., with another summer doldrums looking all too possible. Who will save us this time if things get bad?  

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