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Emerging or High Growth Markets

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Today we hear a lot about Emerging or are they now High Growth Markets. However, we have to go back to 2001 when Jim O’Neil, Chairman of Goldman Sachs Asset Management coined the acronym BRICS in a paper entitled “Building Better Global Economic BRICs”. It was clever and the term stuck with the media always referring to the BRIC economies of Brazil, Russia, India and China that would dominate the world economy in future years. (more…)