That export performance of the Brics has beendisappointing in recent years is well known. What hasn’t been appreciated is the extraordinary lengths the governments of Brazil, Russia, India, China and South Africa have gone to boost their exports. Indeed, once such initiatives are taken into account, recent export performance is cast in a worse light, raising the question—is the Brics competitiveness problem worse than previously thought?
眾所周知，近年來金磚國家(Brics)在出口方面的表現令人失望。人們沒有充分了解的是，這五個國家的政府為促進出口做出了巨大努力。事實上，一旦把這些政府采取的措施考慮進來，金磚國家近年的出口表現看上去就更加糟糕了。這便引發了一個問題——金磚五國的出口競爭力難道比預想的還要糟糕嗎？
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