Remember the BRICS? Brazil, Russia, India, China, and South Africa were the future of the world economy once upon a time. Fast-growing countries with either abundant natural resources or vast forces of cheap labour (or both) and business-friendly governments happily creating middle class wealth.
You don’t hear so much about them these days. Slowing growth, regulatory problems, labour unrest and, in the case of Brazil, massive demonstrations on the streets have rather taken the shine off the BRICS.