bcncv

BRIC to BIC to BICI?

I agree that Russia should be off the list because its economy is a pure commodity play and has nothing else that it can add to economic relevance.

Still, there are numerous countries I would add to the list long before Indonesia. Turkey is a resurgent power and Poland could potentially be one, if the rest of Europe wasn't such a basket case. How about Chile or South Africa?

Indonesia is simply too fragmented to show sustained, long term growth.

The Ultimate Guide to BRIC ETFs

The BRIC countries worked well in the last economic cycle. I'm not so convinced that they'll do as well during the next one. I'd start looking for economies that have gotten their act together throughout the last few years, but haven't popped up on too many radars yet.

Brazil still looks interesting, but China Russia & India all face unique risks that I don't like. I haven't done my full research yet, but I'm inclined to look at Turkey and some very selective places in Eastern Europe.