The economic crisis, that hit especially hard the United States and some European countries, has changed the way countries like Brazil, China e India are perceived by the West. Before the recession they were seen as promising markets. Now, at the World´s Economic Forum, in Davos, the three, along with some other emerging countries, are being accepted as iquals. Brazilian President Lula da Silva fell ill and decided to cancel his trip to Davos. Lula’s decision to skip the Forum this year can be considered a slap at the bankers whose “casino” mentality he cites almost weekly as bringing about a crisis in capitalism.
Brazil, China and India get stronger in Davos