No improvement in BRICs capacity to withstand shocks from global risks despite economic growth-Maplecroft Global Risks Atlas 2012-continued

February 20, 2012--According to a major new report, the BRIC countries of Brazil, Russia, India and China are no better placed to withstand shocks from major risk events than they were four years ago.
The findings of the Global Risks Atlas 2012, released by risk analysis firm Maplecroft, indicate that strong economic performance in the BRICs has not translated into improved societal resilience or governance, which constrain a country’s ability to adapt and combat potential shocks from pandemics, terrorism, conflict, resource security, economic contagion and the impacts of climate change.

“With hopes for a global economic recovery resting with the BRICs, investors and business seeking new high-growth, high-risk markets need to be aware of their limited resilience to global risks.” states Maplecroft CEO Alyson Warhurst. “A country’s resilience to external and internal shocks is built up over time, so as the BRICs political risk environment improves we might see resilience strengthen, but our results reveal this is yet to happen.”

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Source: Maplecroft

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