‘Bric’ creator adds newcomers to list

Jennifer Hughes – Financial Times, 01/16/2011

Jim O’Neill, who coined the term “Bric”, is about to redefine further emerging markets and will explain the new approach to clients this month.

The chairman of Goldman Sachs Asset Management plans to add Mexico, South Korea, Turkey and Indonesia into a new grouping with the Brics – Brazil, Russia, India and China – that he dubs “growth markets”.

“It’s just pathetic to call these four emerging markets,” he told the Financial Times.

Read more…

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