The idea was initially more about good global governance than greater growth. Sadly, there’s a lot of catching up to do as the group enters its third decade.
This November will mark the 20th anniversary of the BRIC acronym that I coined to capture the economic potential of Brazil, Russia, India and China. Many commentators will be revisiting the concept and assessing each country’s performance since 2001, so here are my own thoughts on the matter.
The BRICS brothers: from left, South Africa’s Cyril Ramaphosa, India’s Narendra Modi, China’s Xi Jinping, Russia’s Vladimir Putin and Brazil’s Jair Bolsonaro at a 2019 BRICS summit in Brasilia. AP
Loading...
Project Syndicate
Jim O’Neill was chairman of Goldman Sachs Asset Management and former commercial secretary to the UK Treasury.
