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Ten years ago, Jim O'Neill made a startling prediction: that the world economy would no longer be run from New York, London, Frankfurt and Tokyo. A new era was rising in which Brazil, Russia, India and China, overflowing with raw materials and ambition, would overtake the largest Western economies. The BRICs concept was born.
No other economic idea has defined the 21st Century more powerfully or more accurately. Jim O'Neill successfully tipped the four fastest-growing economies, and BRIC has become a formative geopolitical and investment ideas, accepted by the markets and championed by the leaders of the four constituent nations.
But what does the future hold? Can the BRICS sustain their exceptional levels of growth? Which other nations will drive economic power further south and east?
Growth States is Jim O'Neill's personal account of the BRICs phenomenon. But most crucially he explores where to look now for growth potential, naming the 'Next 11' nations which will shape the future.
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