Showing posts with label South Africa. Show all posts
Showing posts with label South Africa. Show all posts

May 9, 2013

To compete globally, BRICS nations need reputation, not imitation

    Thursday, May 09, 2013   No comments


by Ahmed E. Souaiaia* 

BRICS nations
The economic, political, and social rise of the Western block of nations was founded on the single most enduring currency: reputation. Reputation, the source of credibility and trust, is the real asset that allows the U.S. to project its stature around the world. BRICS nations cannot rise to prominence by mimicking developed countries. They must build their reputation first. Wealth is only a byproduct of this more precious commodity, and countries who have it can squander it just as emerging economies can acquire it. For either of those results to happen in any country, circumstantial conditions and principled actions must converge.

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