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Nix the BRICs—At Least for Higher Education Scholarship

2014-09-29, Altbach, Philip G., Malee Bassett, Roberta

Although the “BRIC” moniker for the group of emerging economic powers—Brazil, Russia, India, and China—has become ubiquitous among financial analysts, it was actually coined by former Goldman Sachs economist Jim O’Neill as much for its clear imagery as for any actual commonalities amongst the countries (O’Neill, 2001). The bloc is even less relevant in understanding the complex higher education environments in these or other emerging economic powers such as Mexico, Indonesia, Nigeria, and Turkey (for which O’Neill has coined another clever acronym: the MINTs).

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Brazil's Growth Performance: A Comparative Perspective to the Asian Giants

2011, Nazmi, Nader, Revilla, Julio E.

We compare economic efficiencies in Brazil, India, and China, where economic efficiency measures the gap between potential and actual output for a given input combination and technological factor. We use stochastic production frontier models to measure the contributions of factors of production and technology to growth and estimate non-positive error terms that capture production inefficiencies in each country. The results suggest that China and India had relatively inefficient production in the early 1980s but have since improved production efficiency substantially. In the same period, production efficiency in Brazil has lagged those of China and India. The gap between Brazil's production efficiency and those of its Asian peers has narrowed in recent years. However, production remains more efficient in China and India, supporting more rapid growth in these countries relative to Brazil.