Emerging Markets Hit Economic Stage Like a Tonne of BRICS

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Headlines this week have been saturated with protests against unaffordable food, unfair taxes and unsustainable austerity measures, with one distinct difference setting these stories apart from countless others in recent history. The people demanding reform are no longer marginalised Asians, Africans and Latin Americans, but poor, working class Europeans.

As citizens of Western Europe – particularly in Portugal, Italy, Greece and Spain, or PIGS – flood the streets of their once-stable countries demanding an end to cuts in public education, health care, youth programmes and housing subsidies, the big question at the annual fall convergence of the Bretton Woods Institutions is, “Who will solve the impending crisis in Europe?” Rana Foroohar wrote in Time Magazine last month, “While the crisis appears to be Europe’s problem, if it results in a break-up of the euro zone or a growth-dampening series of costly bailouts, it will reverberate from Beijing to Boston and back.”

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About Giorgio Bertini

Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
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