> The semi-periphery finances the US economy these days, and its
> developmental states keep getting stronger, bigger, and smarter. My best
> guess (of course, I could be wrong) is that BRIC 2.0, the next generation
> of developmental states, is about to go live in places like Indonesia,
> Ukraine and parts of Central Asia.
>
> -- DRR
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There is no periphery or semi-periphery any more. There are no emerging markets. It is 2010 and clinging to the counternarratives of 20-30+ years ago no longer perform interesting explanatory work.