Following a period of discouragement due to the harsh situation in Europe, we felt relieved after the certainties powered by the African and Asian continents (the BRICS), even though the last data have upset this positive wave.
Even the media reports that the reasons for the financial crisis are one-directional, but the truth is that they need to be researched in every single country.
The main Indian industries like manufacturing and agriculture are lagging, in fact the first has registered a growth of 2.6% and the second 1.4% on yearly basis; it is important to remember the endogenous causes of legal nature, like complex regulations and a tax system not well structured, which is cause of tensions between the central government and international companies.
Regarding Russia, we talk about stagflation, that is the exponential increase in prices without any economic growth; another problem affecting the country is the business climate, in other words wide range corruption.
Brazil is also experiencing inflation and the rise of heavy government policies do not contribute to stopping it.
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China slows its way to the top with massive consequences at global level; the money introduced into the market and issued by central banks, it was introduced to speculate, instead of fostering the economy. There is suspicion that the fast growth of these countries is actually a way to hide the financial crisis of 2008 that is dragging all the other countries into the same condition.
