Much has been written about the risks China poses to the global economy. This is hardly surprising considering that China has the world's second largest economy.
What is surprising, however, is that relatively little attention has been paid to the apparent running out of steam of the Brazilian and Indian economies. This is particularly the case considering that the so-called BRICS (Brazil, China, India, Russia and South Africa) now constitute around one third of the global economy and until recently have been the main engine of global economic growth. As such, those countries' economic prospects