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Then-Goldman Sachs chief economist Jim O’Neill introduced the term BRIC in 2001. He was referring to the growth potential of Brazil, Russia, India and China and the need to reform global governance to include them.
O’Neill doesn’t think much of the grouping now. Speaking with Reuters:
Here is the Reuters link for more info if you are interested.
This article was written by Eamonn Sheridan at www.forexlive.com.
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