Jim O’Neill on the BRICS after nearly 25 years

Jim O’Neill, the man behind the acronym BRICS, reflects on the group’s evolution. China stands out as the most successful, surpassing expectations set in the early 2000s. O’Neill praises China’s long-term vision, investments in infrastructure, and advancement in electric vehicles. Meanwhile, Russia’s struggles with resource dependency and corruption demonstrate the challenges faced by some BRICS members. O’Neill remains hopeful for improved US-China relations but acknowledges the complexities of a changing global dynamic. India, with its demographic advantages and urbanization, represents an intriguing case reminiscent of China’s earlier days.