Emerging markets in capital markets: BRICs, sovereign funds and new power brokers

The world is seeing a new share-out of the wealth of nations that benefits emerging markets. The shock waves that have hit the world's financial markets over the last decade are fostering this transition. This article looks at how the new power brokers are establishing new world financial centres and players. We also look at how an economy like Spain's can jump on the bandwagon and to what extent BRICs and sovereign funds may become opportunities for Spanish firms and the nation's economy.