Jim O’Neill, the economist who coined the time period ‘BRIC’ 25 years in the past, argues that the group is shedding its relevance.
At its peak, the BRICS coalition of economies – Brazil, Russia, India, China and South Africa – was seen as a severe try to maneuver away from america greenback and the domination of Western financial establishments just like the World Financial institution, Group of Seven (G7), and Worldwide Financial Fund (IMF).
However BRICS members have totally different political agendas, and new forces are at play, argues economist Jim O’Neill, a member of Britain’s Home of Lords.
O’Neill, who coined the time period “BRIC” 25 years in the past, tells host Steve Clemons that the US’s financial insurance policies often is the driver of its personal decline, coupled with the financial rise of China and India.
Printed On 22 Feb 2026
