A very interesting discussion on which BRIC countries will be most affected by the crisis on Linkedin. This view of Larry Cristini, Political Risk Consultant at Eurasia Group is an extremely intelligent answer on the question:
Emerging markets in general can be broken down into two groups:
1) those unable and/or unwilling to respond effectively to the crisis; and
2) those in a stronger position to take action (presumably because of healthy macroeconomics and internal politics before the crisis).
The key is to assess the external drivers of the financial crisis and the domestic political drivers—this determines whether the country has the wherewithal to respond effectively.
China is very much in the latter, in the best position b/c of a strong fiscal position, cheaper oil imports, and a well insulated financial market. A lower GDP to debt ratio allows them to step in with a large stimulus package. Social unrest, although a growing concern as we all know, is unlikely to cause destabilization in the medium term.
Brazil although facing falling growth and inflationary pressures that limit the use of monetary policy, is also in a good position with a falling debt to GDP ration and has a government capable (and able due to widespread support) of creating sound counter-cyclical fiscal policies. A somewhat diversified export base outside of just commodities and an economy somewhat insulated with strong domestic demand eases things. Again a good domestic political situation helps here.
India, dependent on global demand for its tech and outsourcing sectors is in trouble and the government’s fiscal deficit means it doesn’t have the latitude to implement wide-ranging fiscal packages. High unemployment and upcoming elections complicate matters politically.
Russia is in the worst position because of the hit from capital flight last year, falling oil prices, and a heavily indebted corporate sector. The government’s hands are tied here due to the loss of export generated revenue and evaporating credit. Politically, although the government currently has strong support, social unrest is a fear as the economy continues to deteriorate through 2009-2010.
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FARMVILLE SPECIAL GUIDE
Farmville Cheats: Plant Berries
Berries grow fast and they give you 1 XP each. What you need to do is plant these to get you tons of XP. You can plant 50 and 4 hours later plant 50 more. You will then have 100xp that fast.
Farmville Cheats: Adopt Pets and Gifts
Be sure to adopt all the pets you can. Don't forget to accept all gifts as well. Work with your neighbors and make a deal to send one another good gifts. Make sure you are using Firefox instead of Internet Explorer for the FarmVille cheat to work. Farmville Cheats: Soybean Delete Tool
What you want to do is plow a 2x6 or a 3x9 square. Plant your soybean seeds and you're going to get 2 XP each and 1 XP for plowing the land. Example: On a 2X3 square your will get 27 XP. You now need to remove the crops by using the delete tool. Be sure to delete the crops before they have grown. Next step is to replant and replow. This strategy can be costly however it will work quicker than most cheats.
Farmville Cheats: Trees and Animals
Another good cheat is to harvest and collect from trees and animals. You will gain money and with money you have the ability to purchase vehicles and decorations. You will in the end earn more XP with the vehicle because you will save time and can accomplish more.
Farmville Cheats: Build Buildings
Building buildings will give you a bonus anywhere from 100XP to 1000XP. Be sure to plant them very strategically because they take up a lot of room and they are pretty expensive. You may find yourself hooked to building buildings when you see how much you can get from them. Keep in mind they cost a bunch of money.
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Posted 15 years ago