Cracks in the BRICs
For the world's major emerging markets, a slowdown as dramatic as the last 10 years of growth
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Jim O’Neill, an economist at Goldman Sachs, coined the term BRICs (Brazil, Russia, India, and China) in 2001, and their performance has been juicing portfolios ever since. But many trillions of dollars of growth later, cracks are appearing, raising questions about the next decade.