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Patrick Bond, author of Politics of Climate Justice, has written an article for Pambazuka News about Nigeria’s recently released GDP figures, which theoretically trump South Africa’s.
Bond looks at how the numbers measure up against the country’s actual wealth and takes a critical look at the “neoliberal investment prospects of the 2000s – BRICS, MINT and CIVETS”.
Jim O’Neill – the Goldman Sachs banker who in 2001 coined the idea of a Brazil-Russia-India-China ‘BRIC’ serving as “building bricks of the 21st century world economy” – has another bright idea. He recently announced a new fascination with the Mexico-Indonesia-Nigeria-Turkey countries, which “all have very favourable demographics for at least the next 20 years, and their economic prospects are interesting.” O’Neill is now completing a BBC series on the MINTs, and no doubt will profit handsomely from investments made in these countries’ financial assets, the way any scurrilous marketer does when, brandishing an insider-trading portfolio, he draws naïve consumers to a product with limited shelf life.
Book details
- Politics of Climate Justice: Paralysis Above, Movement Below by Patrick Bond
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EAN: 9781869142216
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