The BRICS: Experiments with state capitalism and institutional investment

Date of this Version


Document Type

Book Chapter

Publication Details

Citation only

Farrar, J. H., & Ariff, M. (2014). The BRICS: Experiments with state capitalism and institutional investment. In Lo, V.I. & Hiscock, M. (Eds.), The rise of the BRICS in the global political economy: Changing paradigms (pp. 142-161). Cheltenham, UK: Edward Elgar Publishing Limited.

Access the publisher

© Copyright Vai Io Lo & Mary Hiscock, 2014. All rights reserved.

2014 HERDC submission




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).

This document is currently not available here.



This document has been peer reviewed.