Karim Rushdy of the Global Institute for Tomorrow looks at the rapid growth in the BRICS countries and its impact on income inequality. Karim raises the essential question what it really means to be "developed".  

The conclusion:

"Asia in particular needs to find its own path to development. Going one step further the region must redefine what it means to be developed. Rather than follow the West down the plank of fossil-fueled and consumption-led growth, Asian leaders should pause and take stock of where that has gotten their Western counterparts."

Via www.global-inst.com