A Quote by Fabrice Grinda
Forty percent of my portfolio is in the U.S. In the rest of the world, most of the places I invest in or invested in are Brazil, Russia, Germany with a little bit of Turkey, China, India, France and Israel sprinkled in there.
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The BRIC countries - Brazil, India, China, Turkey, South Africa, Indonesia even, and Russia - are now new actors. Over the last eight years, China multiplied by seven its economic presence and penetration in the Middle East. And if this happens on economic terms and there is a shift towards the East, the relationship between these countries and Israel is completely different from the United States. And it means that the challenges are going to be different, because China is not supporting Israel the way the U.S. are supporting Israel.
American strategic doctrine suggests that Mexico is of second-level importance to the United States. It ranks below Japan and Indonesia, Brazil and India, Egypt and Israel, and European powers including Britain, France, and Germany. This is a grave geopolitical miscalculation.
Mexico is the second most important destination of U.S. exports. What does this mean? The U.S. sells to our country almost the same as it sells to all the European Union, five times what it sells Brazil. More than what it sells together to Brazil, Russia, China, and India.
China is a BRIC country. BRIC country means Brazil, Russia, India and China. This emerging economy really is helping the revival of the world economy.
There are still some places I'd love to visit - Africa, China, Brazil, India. I want to travel the world and experience other cultures and peoples.
The thing that makes me most optimistic is China and India - both of them doing well. It's amazing how much progress there's been in China, and also India. Those are the places that really matter - they're half of the world's population. They're the places where things are enormously better now than they were 50 years ago. And I don't see anything that's going to stop that.
In the face of a rising China, along with authoritarian regimes from Brazil to the Philippines to Turkey to Russia, and the constant presence of belligerent non-state actors, we need to reform our military to deal with asymmetrical threats.
How is it having more control if there are businesses from China, India, America choosing Germany and France over London?
Russia, France, Germany and China. They revere their writers. America is still a frontier country that almost shudders at the idea of creative expression.
Sometimes I say in France: Europe is no more the center of the world - and the United States, neither. We have other key players on the international stage: China, of course; but also Brazil, India and South Africa. And their influence is very, very strong.
The ESM, the European Stability Mechanism, is not funded by Germany alone. Twenty-seven percent of the bailout package comes from Germany. Italy and France together cover a total of 38 percent. That's reality. It makes no sense to say that everyone wants to get at Germany's money.
There is a Western world. There is America. There is Great Britain and Germany and France and Russia and China and other nations. I doubt that there is one country amongst those I mentioned which has a desire to see Iran, with its fundamentalist, Islamic, extremist government, possessing nuclear weapons.
The policy goal is to persuade China to stop cheating. But here's what's interesting - Donald Trump intuitively understands what things should be. I did a study in 2008 where I estimated the impact of China's unfair trade practices on their competitive advantage - the so-called China Price. You know what it came out to be? Forty-three percent. Forty-three percent - very close to what his intuition said we needed in order to equalize things.
At present, England, America, France, Italy, and Japan constitute the so-called 'Big Five.' Even with the rise of Germany and Soviet Russia, the world has only seven Powers. When China becomes strong, she can easily win first place in the Council of Nations.
My goal one day is to be Brazil coach, but to get there I need to have a club career. I started well in Turkey. I started well in Russia and I did a good job in India.
To achieve effectiveness and legitimacy it is time to scrap the right of veto given to permanent members of the UN, or at least severely restrict its use. It is also time to either abandon the idea of permanent membership or broaden it to reflect the rise of non-Western states to the status of global leaders (e.g. Brazil, India, Indonesia, Turkey, South Africa), and to downgrade European representation by either giving the European Union a single seat or rotating a European state among Germany, France, UK, and Italy.
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