Jim O’Neill is the current Commercial Secretary to the UK Treasury. However, that’s not his only claim to fame. He is best known for coining the term, “BRICS” while he was chairman of Goldman Sachs. Speaking to CCTV, he talks about how he came up with the name 14 years ago and also on the challenges facing economies in the EU. He also dwells on the UK’s economic aspirations while touching on the new BRICS bank, now known as the New Development Bank.
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