For most of the past decade, the well-being of the global economy, especially in the wake of the Great Recession, has been expected due to the presence of the BRICS nations of Brazil, Russia, India, China and lately South Africa.
But as we anticipate economic aspirations for 2014, the BRICS alternative is losing steam while the U.S. again could become the center of potential promise. What could add to America’s more prominent role next year is the unexpectedly growing economic dynamic of its flanking NAFTA partners in Canada and Mexico. Both now generate trillion-dollar-plus business entities. Simultaneously, the previously dependent-upon BRICS nations are undergoing the following slowdowns: