The idea that Brazil, Russia, India and China (the ‘BRICs’) are the rising stars of the world economy is now widely accepted. However, the ‘old’ developed nations have not adjusted to the new world order as they struggle with the legacy of the financial crisis. The BRICs and others (especially Korea) have already ‘emerged’ as economic powers. This requires rapid adjustment in economic policies and especially global economic institutions. This book makes a strong case for a radical overhaul of global economic governance to put these powerful new economies at the heart of decision-making. The author argues that, while the new growth economies still have significant policy adjustments to make, it is also essential for old-world economies to learn from them too and to accept the new order. He looks at the roles of China, Korea and Africa and at the scale of South-South trade. What does all this mean for the EU and for the UK in particular? How should the world engage with the new economic powerhouses?
Mengenai Pengarang
Jim O’Neill retired as Chairman of Goldman Sachs Asset Management in April 2013. He joined Goldman Sachs in 1995, rising to chief economist, and in 2001 he led the team that conducted the original BRIC analysis. He is a non-executive director of the Department for Education and Employment, a member of the boards of the UK Royal Economic Society, Itinera and Bruegel, and also chairman of the charity SHINE. He has a lifelong passion for Manchester United FC, and has served as a non-executive director of the club’s board. He is the author of The Growth Map: Economic Opportunity in the BRICs and Beyond (Portfolio Penguin 2013).
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