1 post • Page 1 of 1
This article was written by Jock Percy, CEO of Perseus.
When the BRIC acronym was first created in 2001 by Jim O’Neill, then chairman of Goldman Sachs Asset Management, it was to highlight the expected growth trajectory of the emerging market (EM) economies it represents – Brazil, Russia, India and China. More recently, South Africa has also been added to the concept – creating BRICS – and the notion that these non-Western nations represent future powerhouses of economic growth continues to this day.
Yet their expected rise, along with that of many other EM nations, was largely based on ... (read more)