MORE BRICS

SOME BRICS BUILT BUT MORE STILL NEEDED

Jim O'Neill

The Khaleej Times, December 4, 2011

Wednesday, November 30 was the 10th anniversary of when I first mentioned the Bric acronym when I published GS Global Economics Paper No: 66, “Building better global economic Brics.” In this week’s Viewpoints I decided to highlight some of the major observations involving the Bric development over the past decade, as well as some key issues related to ongoing recent events.

The 2001 paper didn’t create a lot of attention at the time. It was not really until after the publication in 2003 of GS Economics Paper No: 99, “Dreaming with Brics: The path to 2050,” authored by Dominic Wilson and Roopa Purushothaman, that the theme really caught on. The fact that many large multinationals started to embrace the Bric concept around this time and, of course, the happiness of the four Bric countries themselves, helped give the theme such a push.

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