Salvador, Dusseldorf, Berlin, Bangkok, Beijing Jim O’Neill’s predictions were as bold as they were surprising: Brazil, Russia, India and China, which he called the “BRIC countries,” would dominate the global economy. The end of the hegemony of the major industrialized countries is expected. Exactly 20 years ago, the former chief economist at US investment bank Goldman Sachs dared make such predictions.
“BRIC” – This catchy acronym from O’Neill should in fact constitute an entire generation of investors and become a barometer for the performance of emerging markets as a whole. Some of his predictions – such as the astonishing rise of China – have already come true. But especially with regard to the development of Russia and Brazil, optimism at that time seems completely exaggerated.
Read now
Get access to this and all other articles at
On the web and in our app for 4 weeks for free.
Read now
Get access to this and all other articles at
On the web and in our app for 4 weeks for free.
Continue
“Tv expert. Hardcore creator. Extreme music fan. Lifelong twitter geek. Certified travel enthusiast. Baconaholic. Pop culture nerd. Reader. Freelance student.”
More Stories
Citizens beat the billionaire. The historic bridge should not be demolished for the sake of Bezos’ mega yacht.
Valora offers investors a welcome exit | Company consumption
The euro fell against the franc to its lowest level in more than 7 years