In his book, The Growth Map: Economic Opportunity in the BRICs and Beyond, Jim O'Neill argues that the term emerging markets no longer applies to the BRIC nations (and a few others, including Mexico and Korea). While he has long been bullish on the economies of Brazil, India, and China, O'Neil--chairman of Goldman Sachs Asset Management--has come to realize that, in many ways, these economies have earned a little more respect as strong, stable markets.
He spoke recently with Charlie Rose about the strength of the BRIC economies, and how we all need to stop regarding "growth markets" as "developing." Here is an excerpt:
Watch the full interview here.
Posted
01-23-2012 9:34 AM
by
Graham Griffith
Filed under: Charlie Rose, global business, GDP, global economic crisis, growth, india, G7, developing nations, Brazil, Mexico, developed economies, China, bric nations, turkey, latin america, goldman sachs asset management, indonesia, korea, jim o'neill