help to pay the staff this could influence some of the bric countries but. i simply got reports of forty five years i have will be in a strong position. ok mario gomez thank you very much the presence of brazil invest talking to us a full business odyssey at the it's like a amber. but you can see that many representatives of many countries have the platform to talk it all out to strike new deals to make new contacts back to you know thank you very much let's hope investors mood will be beat they see. us all from the russia forum which is underway in moscow please keep us updated. we continue we will absolutely yes thank you to make sure we continue we have some news on inflation russia inflation and russia will exceed expectations in the first half of twenty eleven will stabilize and even drop towards the end of the year that's according to finance minister. who also said that russia could no longer rely on high prices for it its natural resources which have helped push the quantum e. during the past few years. in the last decade g.d.p. per capita in russia

for example, following a series of armed robberies and several neighborhoods, bric computers will mapny previous pattern of robberies there. a description of the car and suspect and their trail to see if a pattern emerges. >> bric can send that information out to the other nine districts so everybody is on the same page as to the crime. >> eventually the goal is to integrate neighborhood and police departments into this operation to truly make this into a regional crime fighting center. >> don't go away. 7 on your side is next. >> a vallejo man applies for a job and is taken for a criminal. >> all new oprah: the day after hollywood's biggest night we're taking over oscar's stage! ((oprah)) hooray for hollywood! it's our ultimate after oscar party from the kodak theatre in los angeles! withthththththththththththththth >>> welcome back. the time is 9:48. this is a live look from emeryville cam showing you the golden gate bridge there in the district. a lot of actors and directors will be hoping to pick up a bit of gold today. it is oscar night. 83rd annual. we'll tell you more about tha

>>friedman: you are operating in two of the biggest bric markets, india and brazil. what is that every company whether is infrastructure or big projects should understand about those markets to help them succeed? >>castellucci: it is integration of activities and integration or risks. to succeed in those markets you need to understand well all the elements of the business, from building to contracting to developing toll systems to maintenance and we believe that integration of competencies is the key success factor. >>friedman: what is the biggest cultural or psychological difference for european companies from doing business in asia from doing in europe? >>castellucci: the real risk and mistake is to believe that those countries are less developed and less sophisticated. it is not the case. they know as well as we do in old europe how to do business and governments are very sophisticated and competent. the real risk is not to believe and not to understand this andtreat them differently. >>friedman: with respect? >>castellucci: yes, respect is the key word. >>still t

largest economy in south america, and as well the -- as one of the four countries collectively known as brics, it's helping to drive global economic growth. the commission for latin america and the caribbean says south america likely grew by 6.6% in 2010, but brazil is doing even better at 7.7%. so we wanted to see how the country's rise is playing out among its people. nhk world ayako sasa filed this report from sao paulo. >> reporter: sworn in as brazil's first female president on january 1st. she was hand picked by former president silva, who oversaw the nation's rise as an emerging power along side china and india. >> translator: i will do all that i can to maintain brazil's economic growth, achieved over the past eight years. >> reporter: brazil's economy is estimated to have grown by more than 7% in 2010. mainly due to a surge in the price of grains and natural resources such as iron ore. brazilians are spending briskly, too. sales of new cars in brazil last year reached a record high. brazil is set to become the world's fourth biggest auto market. at this car showroom even the cheapest

view i think thirty billion is a very realistic target and i just came from a meeting in divorce in bric countries for very much a focus of the investment targets in russia specifically because of the address of president did of the children there are very many specific interest in investment opportunities in peru which is a show program and beyond preposition program in russia and i want when we're talking about investment opportunity what sectors are the most promising in the russian economy you think for that foreign investment well you just three examples agriculture is a very interesting sector and we'll all know what's happening to food prices in the world is increasing dramatically in russia is one of the most dominant agricultural players infrastructure is definitely a great actress while were also infrastructure investment will be happening because olympic games for the world champions league championship it's a truck and all investments way to a middle class which is growing very dramatically in russia so banks. also sectors where russian population is growing better purchasing

i think thirty billion is a very realistic target and i just came from was in bric countries for very much focus on the investment targets in russia specifically because of the address of president we did of the children there are a very media specific interest in investment opportunities in peru which is a sure program going beyond preposition program told you just three examples of the greek culture it's a very interesting sector in the world know what's happening to food prices in the world is increasing dramatically in russia is one of the most dominant group cultural players infrastructure is definitely a great factor as well where infrastructure investment will be company for the olympic games for the world champions we interpret ship. and all investments related to middle class which is growing very dramatically in russia so being. a lot of sectors where russian population is growing better purchasing power can build a very successful investment story. let's take a look at the markets european stocks are trading higher as markets await the release of key u.s. non-farm payroll d

achievable i think thirty billion is a very realistic target and i just came from a meeting in davos in bric countries for very much a focus of the investment targets and russia specifically because of that address the president did of the children there are very media specific interest and investment opportunities in peru which is a short program and beyond the reach of asian program i'll give just three examples agriculture is a very interesting sector and we'll all know what's happening for food prices in the world increasing dramatically in russia is one of the most dominant agricultural players infrastructure is definitely a great sector as well were a lot for infrastructure investment will be happening for the olympic games for the world champions we can ship truck and all investments away to the middle class which is growing very dramatically in russia so banks. lots of sectors where russian population is growing better purchasing power and can build a very successful investment stories. and russia has to begin selling grain from state reserves in a move to curb food prices and suppor

something that i find really fascinating is the growing middle classes in the world we look at the bric countries and the chinese consume more meat than any other country in the world and this is one thing that is is the new mix here is because you have people that want better higher more in higher quality food and deborah if i get and a lot of people see that and it's a good way to make some money because there's a good investment when you see these growing middle classes that have changing their diet because they're richer. i think it's a bit of a fallacy that that's a big issue yes of course you know people are over the long run we do have rising middle classes but actually in china for example if you look at the data on increasing consumption down to me there wasn't any during the two thousand and seven two thousand and eight crisis so i think that argument is a little bit leading us a bit over these what. it's definitely going to be a long internet deficit so i mean these are what we have to separate or you know that the short term volatility that doesn't enable us to plan properly

wants it to the yuan the bric countries would also have to become a part of s d r's because at the moment they're not so you know how long until that kind of a plan could really take hold. you mean that there is a problem where you have to have all these different currency you know for it to be any kind of a global currency you have to have all these different participants in it and i don't really see that happening i mean you know you will have good to some extent as these economies get bigger and they allow their currencies to float more you know there will be play a role in international commerce and all this stuff that being said look what happened with the euro and we can learn a lot of lessons right from there the desire to get involved in currency unions and these kind of common currency should really be diminished after seeing the experience that they've had well i was wondering about that because you know the i.m.f. here claims that really this would stabilize the global system but would anybody be willing to give the i.m.f. that much power that much centralized power and we see

>>friedman: you are operating in two of the biggest bric markets, india and brazil. what is that every company whether is infrastructure or big projects should understand about those markets to help them succeed? >>castellucci: it is integration of activities and integration or risks. to succeed in those markets you need to understand well all the elements of the business, from building to contracting to developing toll systems to maintenance and we believe that integration of competencies is the key success factor. >>friedman: what is the biggest cultural or psychological difference for european companies from doing business in asia from doing in europe? >>castellucci: the real risk and mistake is to believe that those countries are less developed and less sophisticated. it is not the case. they know as well as we do in old europe how to do business and governments are very sophisticated and competent. the real risk is not to believe and not to understand this andtreat them differently. >>friedman: with respect? >>castellucci: yes, respect is the key word. >>still t

the bric countries have to grow altogether by 75% so all for equal the united states. >> host: continues in a is the united states so going to be spending 50% of the world's military spending? >> guest: yes. i think so. but here's the point. the united states will go through extreme troubles of instability. it will be costly remain and self it's the verge of collapse. and it will not collapse. it's very much like britain enrolled. look at the roman's speeches in the senate. just before the empire burst out, you see after predictions of catastrophe. that happened. >> host: okay. tenure so now we will come back. will have a conversation. we will see how it worked out. >> guest: it will be a different area the world with the same conversation. >> host: thank you so much. >> guest: i enjoyed it. >> that was "after words," booktv the signature program in which authors of books are interviewed by journalists, public policy makers, legislators and others familiar with the material. "after words" airs every weekend on booktv at 10 p.m. on saturday, 12 and 9 p.m. on sunday and 12 a.m. on monday.

and you said, isn't it great that some of the spanish financial papers were calling egypt the next bric country and all this? they had that national pride. we're glad we're going, but the reservation was over the cost over the way changes were being made. they sat there and they said, yes, we see why you're privatizing these industries, but our concern is, our concern is that in the process, to make these companies to be sold, you are putting a lot of people out of work. and that our jobs for those people and that worries us because that has few social consequences. in addition, you have created the people who bought the companies benefit terrifically, and you created this new wealthy class. and for those of us who spend time in egypt, i first went to egypt in 1963, and those of us who seek the abolition of how the society looks and you see this new conspicuous consumption in egyptian society, on one hand, they did communities on the outside, golf courses, when people in the center of town, some didn't have basic services, and it was a problem that was not sustainable in a society for a

when you say isn't it great that some of the spanish financial papers were calling each of the next bric country and all that, they had national pride. but the reservation was over the costs in society over the way changes being made. they sat there and said yes, we see why you are privatizing these industries, but our concern is that in the process, to make these companies to be so, you are putting a lot of people out of work. that worries us, because it has social consequences. the people who bought the companies benefited terrifically, and you created this new wealthy class. i first went to egypt in 1963, and those of us to see the evolution of how the society looks, and you see this new, conspicuous consumption in the egyptian society, on one hand the gated communities on the outside, golf courses, when people in the center of town, some of them did not have running water or basic services. it is a problem that is not sustainable in a society for a long time, and they were worried about that. the consequence was, you eliminated the safety net. these are the subsidies that protected t