Vincent Boland: Brics countries overshadowed by march of China
Two decades after the up and coming group of five economies were touted as game-changers, it seems their collective promise has not been realised
Twenty two years ago, on 30 November 2001, a research report dropped on the desks of Goldman Sachs clients around the world that would become one of the most talked-about think pieces of the century. At first glance the paper was a classic piece of sell-side research aimed at drumming up business. Yet, though it reads today like ancient history, its themes still resonate, as we saw last week in South Africa.
The report was ...