 |
| (Image source: Reuters) |
Last week marked the 10th anniversary of an economist from Goldman Sachs, Jim O'Neill, coining the term BRICs (Brazil, Russia, India and China), to describe how he believed that these four countries would drive economic growth in the future. It's strange to think that this presumably informal designation of that time has become so prevalent in Geography, especially in terms of how we look at the world's economic and political development today.
India and China have certainly come a long way in the past ten years, and will no doubt continue to change the face of the world's power structure in the future. Russia seems to have remained a hydrocarbon-power in the world, whilst Brazil has perhaps developed its regional dominance over South America. Either way you look at it though, it's been an interesting ten years and no doubt the acronym will crop up even more in the future. We'll just have to wait and see as to what the next ten candles on the cake will bring.
Mr. R.
