To support growth and living standards in parts of the economy, it is important that the increased resourcing of and employment in the health and education sectors actually translate into better outcomes. This is an ongoing conversation in public policy, one I'm not qualified to add to. I will, however, note another connection to the Kelly legacy.
Finally, the desire of major reserve holders to diversify their portfolios provides additional support. With financial market participants trying to ride these trends, volatility could become excessive. 8  BRICS refers to Brazil, Russia, India, China and South Africa.