It’s often said that “the more things change, the more they stay the same,” especially when superficial appraisals miss or lack an understanding of the underlying condition. We remember not long ago when the expectation was that a New World Order would surface, shifting economic power from Western Civilization to the BRICS. In 2011 Jim O’Neil, then Managing Director at Goldman Sachs and the individual that coined the term “BRIC,” offered his opinion in “BRICs’ rapid growth tips the global balance“ that he wrote for The Telegraph.
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