BRIC

Sochi Suffers: What to Make of the 2014 Olympic Games

An interesting report was featured in Reuters and more recently on Gamebids.com, on the 2014 Olympics to be held in Sochi, Russia, costing 15 percent less than originally anticipated as initial budget estimates exaggerated the projected cost. In a Reuters interview on Tuesday, March 11, Russian Deputy Prime Minister Dmitry Kozak said the state will [...]

Africa Raises the Infrastructure Bar on Investors

It’s a familiar story, and I won’t be the first one to tell you. As documented widely, the rapid industrial rise of the BRIC economies has created an unexpected demand crush on natural resource commodities, generating all sorts of anomalies for foreign investors in extractive industries. We have seen resource nationalism issues pop up in [...]