Jim O'Neill extensively analyzed the coming prospectus of the developing countries especially which has high economic growth rate. Certainly, it would be very difficult year for the EU zone and USA because of existing budget deficit and increasing unemployment in those regions that is resulting the social unrest. The emerging economies should learn and maintain their economies from the experiences of those developed economies. Otherwise, it would create great imbalance between production of goods and services (Supply) from BRICs, South Korea, Indonesia, Turkey etc. and demand in developed countries which will result disaster in the world economy that could be the possible reason of collapse of world economy especially in so-called developed countries.
The US election always creates vibration around the world. The media focuses only two candidates.... Do USA following multi-party democracy or only promoting dualism in political system? They are just interchanging leadership in 2 tenures between Democratic and Republican which can be stated as political syndicate. So US citizens should start to search beyond these. Anyway this time, all the best to OBAMA.