Re:The BRICS Has Overtaken the G7 in Global GDP
by favorited on Tuesday March 28, 2023 @01:05PM
(#35344312)
Because it's just a thing that a British economist predicted 2 decades ago. It has no basis in reality.
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Re:The BRICS Has Overtaken the G7 in Global GDP
by seanhunter on Tuesday March 28, 2023 @01:25PM
(#35344670)
Yes. Jim O'Neil (the economist in question) grouped them together in a piece of economic research for Goldman Sachs as examples of fast-growing developing economies that he believed would overtake the G7 in terms of GDP by 2050. [1] They weren't ever imagined as a political grouping that would work together as far as I know.
[1] https://www.goldmansachs.com/insights/archive/archive-pdfs/b... is his original paper I believe