It has presided over the consolidation of Chile's democracy, almost two decades of economic growth and stability, and much social progress.

ECONOMIST: And it points to the right

If one looks past the superficial concern about growth at Brazil's economic fundamentals, its resources, and the extraordinary social progress that the country has made in recent decades, it seems premature to remove the "B" from BRIC.

CNN: Does Brazil deserve its 'B' for BRIC?