In 2001, the chief economist for Goldman Sachs, Jim O’Neill, coined the term BRICs to describe Brazil, Russia, India and China. By 2050, these rising markets would steer the global economy. Of course, the international community laughed at the inclusion of Brazil. ‘I was told that I must have put the B in BRICs to make the acronym sound better,’ he told Newsweek magazine. That was then. Today Brazilians are just as surprised as the international community at their biggest economic expansion in thirty years.
Guests
Thiago de Aragão
Director, Latin American Political Risk Analysis and Latin American Senior Research Associate, London
David Fleischer
Emeritus Professor at the University of Brasilia, Brazil
Presenter
Geraldine Doogue
Story Researcher and Producer
Muditha Dias
Interview for Australian Broadcasting Company (ABC) on Brazilian economic growth
