NOTES
• INTRODUCTION: AUDACIOUS GROWTH
1 Jim O’Neill, “Building Better Global Economic BRICs,” Goldman Sachs Global Economics Paper No. 66, November 2001.
2 Dominic Wilson and Roopa Purushothaman, “Dreaming with BRICs: The Path to 2050,” Goldman Sachs Global Economics Paper No. 99, October 2003.
3 Jim O’Neill, Dominic Wilson, Roopa Purushothaman and Anna Stupnytska, “How Solid Are the BRICs?” Goldman Sachs Global Economics Paper No. 134, December 2005.
1 • THE BIRTH OF THE BRICS
1 The Group of Five, or G5, was an informal grouping formed in the wake of the 1973 oil crisis, comprising the finance ministers of the five nations with the highest GDP per capita: the United States, Japan, France, West Germany and the United Kingdom. Italy joined in 1975, when the group was formalized as the G6, becoming the G7 a year later with the addition of Canada. Russian membership in 1997 expanded the group to its present G8 format.
2 The individual G20 countries (in addition to the European Union as a whole) are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States.
2 • FROM EMERGING TO EMERGED
1 Angus Maddison,
The World Economy: Historical Statistics, OECD Development Center, 2004.
3 • BRIC BY BRIC
1 Jonathan Wheatley, “Lunch with the
FT: Fernando Henrique Cardoso,”
Financial Times, September 24, 2010.
2 C. J. Chivers, “Putin Calls for Steps to End Drop in Population,”
New York Times, May 10, 2006.
3 Murray Feshbach,
Russia’s Health and Demographic Crises: Policy Implications and Consequences, Chemical & Biological Arms Control Institute, 2003.
4 Michael Schwirtz, “Russia Cites Progress on Fertility,”
New York Times, July 19, 2007.
5 Jim O’Neill and Tushar Poddar, “Ten Things for India to Achieve Its 2050 Potential,” Goldman Sachs Global Economics Paper No. 169, June 2008.
6 Quoted in David Barboza, “Contrarian Investor Sees Economic Crash in China,”
New York Times, January 7, 2010.
7 Jamil Anderlini, “China’s Political Anniversary: A Long Cycle Nears Its End,”
Financial Times, July 1, 2011.
4 • THE NEW GROWTH MARKETS
1 Dominic Wilson and Anna Stupnytska, “The N-11: More Than an Acronym,” Goldman Sachs Global Economics Paper no. 153, March 2007.
2 Jim O’Neill, Anna Stupnytska and James Wrisdale, “It Is Time to Re-Define Emerging Markets,” Goldman Sachs Asset Management Strategy Series, January 31, 2011.
5 • ARE THERE ENOUGH RESOURCES?
1 Jim O’Neill, Roopa Purushothaman and Themistoklis Fiotakis, “The BRICs and Global Markets: Crude, Cars and Capital,” Goldman Sachs Global Economics Paper No. 118, October 2004.
2 Jim O’Neill, “Can the G7 Afford the BRICs Dreams to Come True?” Goldman Sachs Global Economics Paper No. 119, November 2004; Jim O’Neill and Anna Stupnytska, “The Long-Term Outlook for the BRICs and N-11 Post Crisis,” Goldman Sachs Global Economics Paper No. 192, December 2009.
3 Reuters citing Xinhua News Agency report quoting the State Council, November 26, 2009.
4 Gordon Conway, “Beijing Seeks a Head Start in the Race to Go Green,”
Financial Times, November 11, 2009.
6 • CONSUMPTION
1 Jim O’Neill and Anna Stupnytska, “The Rise of the BRICs and N-11 Consumer,” Goldman Sachs Asset Management Strategy Series, December 3, 2010.
7 • NEW ALLIES AHEAD
8 • A NEW WORLD ORDER
1 Jim O’Neill and Robert Hormats, “The G-8: Time for a Change,” Goldman Sachs Global Economics Paper No. 112, June 2004.
2 Edwin M. Truman, “Implications of Structural Changes in the Global Economy for Its Management,” Paper delivered at the World Economic Forum, Reinventing Bretton Woods Committee Roundtable on Global Savings and Investments Patterns and the Changing Structure of the World Economy, Adelaide, Australia, March 18–19, 2006.
9 • INVEST AND PROSPER
1 Timothy Moe, Caesar Maasry and Richard Tang, “EM Equity in Two Decades: A Changing Landscape,” Goldman Sachs Global Economics Paper No. 204, September 2010.
2 Francesco Garzarelli, Sandra Lawson, Michael Vaknin, Zhong Sheng and TengTeng Xu, “Bonding the BRICs: The Ascent of China’s Debt Capital Market,” Goldman Sachs Global Economics Paper No. 149, November 2006.
3 Francesco Garzarelli, Sandra Lawson, Tushar Poddar and Pragyan Deb, “India—Bonding the BRICs: A Big Chance for India’s Debt Capital Market,” Goldman Sachs Global Economics Paper No. 161, November 2007.