THE GLOBAL ECONOMY – SPRING 2012 SERIES PART II
THE BRICS AND MICS: COMING OF AGE IN THE GLOBAL ECONOMY
Guest Speaker:Sri Mulyani Indrawati, Managing Director, World Bank
In the last decade, the middle income countries (MICs), and Brazil, Russia, India, and China (BRICs), have witnessed a remarkable period of growth and development.
The World Bank suggests that with greater economic power for these nations should come increased global responsibility, such as contributing to the international structures and treaties from which they benefitted in their developing stage.