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Sexy term that helps to focus attention

Source: Economists' Forum

January 18th, 2010 | No Comments | Posted in Economics

The invention of the Brics by Jim O’Neill of Goldman Sachs was a stroke of marketing genius. But does it have analytical relevance? My answer is: no and yes.
No, because the four countries have next to nothing in common, apart from the fact that none is a high-income country.
Yes, because the notion captures a reality [...]   Read More

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