A. Brazil is correct. The Organisation for Economic Co-operation
and Development has just undertaken a major forecasting effort
to examine countries' changing economic fortunes between now and
2060. One surprising result is that, despite all the dynamism
that is widely expected from Brazil in the future, that
country's share of global GDP will stay almost unchanged. Of the
42 countries examined in this report, Brazil's share of global
GDP – at 3.5 percent now – will reach 3.6 percent in 2030 and
3.3 percent by 2060. This also indicates that, despite the
excitement about emerging markets in recent years, quite a few
of them are reaching the end of their fast catch-up stage. Much
of the real dynamism in those markets will shift to often-small
frontier markets. B. South Korea is not correct. South Korea's
economic path in recent decades has been marked by a steady
increase in its citizens' standard of living. Broadly speaking,
its development path is what the Brazilian government is
shooting for. South Korea has