The BRICS – A Fable for Our Time The story of the BRICS is a strange one. It starts in 2001 when Jim O’Neill, at that time the chairman of the Assets Management division of Goldman Sachs, the giant investment house, wrote a widely-commented article about what we have come to call “emerging economies.” O’Neill singled out four countries – Brazil, Russia, India, and China – all of whom were large enough in size and territory to have noticeable weight in the world market. He labeled them the BRICs.
O’Neill argued that their assets were growing at such a pace that …read more
Source: Iranian.com
