Acronyms have been used lately to describe various groups of world nations. Readers may be familiar with “PIIGS”, namely Portugal, Italy, Ireland, Greece and Spain, which are the nations now teetering on default after years of lax fiscal policies, and unrealistic expectations for the Euro. Readers may also have heard of “BRIC”, namely Brazil, Russia, India and China, which many observers now believe constitute a powerhouse of large, upwardly mobile nations that very likely will dominate the economy and political structure of the 21st century world. All except Russia inarguably have show extraordinary economic growth since the millennium.

We would

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