The BRICs era is over, even for Goldman Sachs
Post on November 17, 2015, 10:52 am by the-victoria-law-group 2 Comments
The handy acronym BRIC made its debut in a 2001 report by Goldman Sachs economist Jim O’Neill, when the four nations it referred to made up just 8% of the world’s total economy. For more than a decade since, the theory that Brazil, Russia, India, China (and later South Africa) should be treated as a linked economic force representing the rise of emerging markets has driven everything from the creation of new financial institutions to billions of dollars in investment decisions from fund managers and consumer companies.
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(Heather Timmons) Quartz
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