by Institute for Global Dialogue

Share

by Institute for Global Dialogue

Share

A Fable for Our Time

O’Neill argued that their assets were growing at such a pace that they were going to overtake collectively the asset values held by the G-7 countries, which had long been the list of the wealthiest countries in the world-system. O’Neill did not say exactly when this would occur – by 2050 at the latest. But he saw the rise of the BRICs as more or less inevitable. Given his position at Goldman Sachs, he was essentially telling the clients of Goldman Sachs to shift significant parts of their investments to these four countries while their assets were still selling cheaply.

Available: http://www.towardfreedom.com/33-archives/globalm/4130-the-brics-a-fable-for-our-time 

Related Posts

View all
  • By Published On: Feb 15th, 2016
  • By Published On: Feb 14th, 2016
  • By Published On: Feb 13th, 2016