{
Jim O'Neill

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}

brics faces skepticism as china and india struggle for cooperation

Jim O’Neill, the economist who coined the BRIC acronym, criticized the BRICS group for achieving little over the past 15 years, stating that its potential to challenge the U.S. dollar is unrealistic as long as China and India remain divided. He expressed concern over the group's aspirations to be a global economic alternative, likening it to fanciful thinking. Meanwhile, Russian President Vladimir Putin is using the BRICS summit to showcase Russia's growing ties with Asian powers amid Western isolation efforts due to the Ukraine conflict.
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United States Dollar The Goldman Sachs Group, Inc. Reuters Ltd. BRA IND RUS CHN Jim O'Neill Vladimir Putin Show more
Finance & Economy, News Article
16:57 23.10.2024
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