BRIC is over, luck is on Turkey's side
Managing Director and the head of the Emerging Markets Equity team at Morgan Stanley Investment Management Ruchir Sharma wrote in the December issue of Foreign Affairs Magazine that, BRIC miracle has come to an end. Sharma who noted that Turkey has the chance to grow 4-5 percent among the countries where per capita national income is 10,000-15,000 dollars, indicated that the new stars will emerge from Indonesia, Nigeria, Philippines, Sri Lanka and East African countries where per capita national income is under 5,000 dollars.