The BRICS: Experiments with state capitalism and institutional investment
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Extract: The BRICS is a loose international political association of leading emerging economies which were grouped together by Jim O'Neill of Goldman Sachs in a paper in 2001 (O'Neill, 2001; see also O'Neill, 2011). This term has entered the lexicon of meetings and mass media debate on public policy, especially after the common concern to promote economic growth as a result of the Global Financial Crisis (GFC). It originally was the BRlC - the Federative Republic of Brazil, the Russian Federation, the Republic of India and the People's Republic of China - but now the Republic of South Africa has been added ('New era', 20 11).
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