O’Neill, who rose to be Chairman of the banking group’s Asset Management wing before retiring last year, apparently intended the phrase for the long-term, and a Goldman Sachs follow-up report in 2003 was entitled ‘Dreaming with BRICs: The Path to 2050’ - but critics argue that the group of four was either arbitrary from the off, or has become less and less relevant in the thirteen years since it was first used. Here we’ll look at some of the reasons O’Neill and others grouped them together, how trends in the global economy have affected the thesis, and the views of some researchers from each of the four countries, taken from among the readership of our Daily Research News.
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