BRICS: How an acronym from Goldman Sachs morphed into a strategic economic bloc

[Gunnar Larson]

https://www.cnbc.com/video/2022/09/12/brics-how-a-goldman-sachs-acronym-became-a-strategic-economic-bloc.html?utm_term=Autofeed&utm_medium=Social&utm_content=Intl&utm_source=Facebook#Echobox=1662949424


The BRICS economic bloc is made up of five of the world’s biggest emerging
economies: Brazil, Russia, India, China and South Africa.

The acronym started as “BRIC” in 2001, when Goldman Sach’s then-chief
economist Jim O’Neill predicted that the economic weight of Brazil, Russia,
India and China could eclipse the world’s biggest economies in the next
decade.
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