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The article focuses on the impact of economic malaise and cantankerous credit markets on BRIC (Brazil, Russia, India and China) countries, as of 2011. Topics include the steps taken by BRIC to alleviate the crisis, a report by the newspaper "New York Times" on the role of Hong Kong, Shanghai and Shenzhen in China as largest markets for initial public offerings and an increased approach towards globalism by people to address economic woes in the U.S. and Europe.