BRIC may become the world’s growth engine again
I am pleasantly surprised to see an overwhelming response to my random thoughts on geopolitics, economy, businesses and markets shared through yesterday’s post (see Market’s tryst with reality ). Even more surprising is the fact that all respondents are in agreement with my thoughts. This has happened for the first time since I started writing this blog. Some respondents have taken the discussion further and raised some issues. I find it pertinent to address these issues and offer some more random thoughts in this context. Some have asked for more examples of arch rivals burying their hatchet and coming together for a common good. There are numerous examples of such deals in corporate history. Some notable ones include BHP Billiton and Rio Tinto; Kraft Heinz, Glaxo Smithkline, Unilever; Pfizer, Allergen, Astra Zeneca and Gilead Sciences; Altria and Phillip Morris; Broadcom and Qualcom; Barclays and ABN Amro; Merril Lynch and Bank of America; Shenhua and China Guodian Corp; AB InBev...