The Rise of the BRICs
In today’s world, it looks as if the new winners are big states with large populations and rapid growth: Brazil, Russia, India, and China (BRICs), in addition to the United States. But, while the BRICs project power more easily than the small countries that benefited from globalization in 1990s, they also need to project power to compensate for their weaknesses.
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PRINCETON -- The winners of the great globalization push of the 1990’s were small states such as New Zealand, Chile, Dubai, Finland, Ireland, the Baltic Republics, Slovenia, and Slovakia. The East Asian tigers that pushed themselves onto the world economy’s center stage were small units, and in some cases – Singapore, Taiwan, or Hong Kong – were not even treated as states. Even South Korea, which is a giant in comparison, was only half a country.