Alexis Giannoulis
(RIEAS Senior Analyst)
Copyright: www.rieas.gr
In 2003 the Goldman Sachs’ ‘Global Economics Paper No: 99 ’ publication confirmed Jim O’Neill’s term ‘BRIC’ (first coined in 2001) and set forward the prospect of the then-most dynamic countries with regards to medium and long-term future growth and development. The BRICs were the countries with the biggest populations and with economies set to surpass most, if not all of the G7 nations in a rather speedy fashion by 2025. Brazil, Russia, India and China are all countries with substantial and young (in most cases) populations with good growth outlooks, vast resources and governments willing to enter the global markets as the most dynamic and major economies of the future..... Read more