Jim O’Neill is the author of The Growth Map: Economic Opportunity in the BRICs and Beyond (Portfolio Penguin 2013).
In The BRIC Road to Growth Jim O’Neill calls for an urgent overhaul of global economic governance to reflect the reality of the economic power of the BRIC countries and others, especially Korea. Even though their growth rates will slow compared with recent decades, they are key players in the global economy. He looks at the significance of this new economic landscape for the European Union countries, and for the UK in particular. He argues that while the BRIC countries all have stabilizing adjustments to make, there is much for the developed nations in the West to learn from them in order to meet their own post-crisis economic challenges.
At a time of historic shifts in the underlying dynamics of the world economy, not to mention great uncertainties hanging over the course of economic policy, Jim O’Neill provides a critical roadmap to understanding what really matters over the next several years and beyond. — Jeffrey Garten, Juan Trippe Professor of International Trade and Finance; Former Undersecretary of Commerce for International Trade, Clinton Administration
Jim O’Neill can claim credit for transforming a debate and coining a term that has entered our lexicon: BRIC (Brazil, Russia, India, China). Here he shares a range of insights as to why these large economies are not the powers of the future, but ‘the powers of the present’. — Linda Yueh, Chief Business Correspondent for BBC News
In this physically slim but seriously thought-provoking book, Jim O’Neill suggests the key policy lessons of the success of the BRICs and other fast-growing emerging market and developing economies for the advanced countries. It is a subject we all need to understand, and this is a very good place to start. — Stanley Fischer, former Governor of the Bank of Israel, former Number 2 at the International Monetary Fund, and former Chief Economist at the World Bank
A demonstration of Jim O’Neill’s mastery of smart economics and unwavering commitment to global development, this book provides both food for thought and a way forward for policymakers worldwide. It is also a wake-up call for those in denial about the urgent need for the reform of institutions of global governance. — Ngozi Okonjo-Iweal, Coordinating Minister for the Economy and Finance Minister Nigeria and former Managing Director of the World Bank