Description
Book SynopsisThe idea that Brazil, Russia, India and China (The 'BRICs') are the economic stars of our times is now widely accepted. Jim O'Neill now introduces us to four new rising stars in the economic firmament: the 'MINT' countries (Mexico, Indonesia, Nigeria and Turkey). However, the struggling 'old' developed nations have still not adjusted to the challenges posed by the new world order. This book looks closely at the role of China in this new order, and in particular at its influential role in Africa where more nations are beginning to emerge as significant economic players to be reckoned with. What is the scale of South-South trade and, crucially, how is this new aspect of globalization being accommodated in global economic governance? How should the world engage with the new economic powerhouses?
Trade Review"At a time of historic shifts in the underlying dynamics of the world economy, not to mention great uncertainties hanging over the course of economic policy, Jim O'Neill provides a critical roadmap to understanding what really matters over the next several years and beyond." Jeffrey Garten, Juan Trippe Professor of International Trade and Finance; Former Undersecretary of Commerce for International Trade, Clinton Administration "Jim O'Neill can claim credit for transforming a debate and coining a term that has entered our lexicon: BRIC (Brazil, Russia, India, China). Here he shares a range of insights as to why these large economies are not the powers of the future, but "the powers of the present." Linda Yueh, Chief Business Correspondent for BBC News "In this physically slim but seriously thought-provoking book, Jim O'Neill suggests the key policy lessons of the success of the BRICs and other fast-growing emerging market and developing economies for the advanced countries. It is a subject we all need to understand, and this is a very good place to start" Stanley Fischer, former Governor of the Bank of Israel, former number 2 at the International Monetary Fund, and former Chief Economist at the World Bank "A demonstration of Jim Oneill's mastery of smart economics and unwavering commitment to global development,this book provides both food for thought and a way forward for policymakers worldwide.It is also a wake-up call for those in denial about the urgent need for the reform of institutions of global governance." Ngozi Okonjo-Iweal, Coordinating Minister for the Economy and Finance minister Nigeria and former Managing Director of the World Bank.
