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GOLDMAN'S O'NEILL: It's 'Ridiculous' To Think Of The BRICs As Emerging Markets Anymore

Jim O'Neill, Chairman of Global Asset Management for Goldman Sachs, coined the term "BRIC" (Brazil, Russia, India, and China) ten years ago today. He appeared on CNBC this morning to reassess the validity of the term. Notably, O'Neill said the status of the BRICs—as well as Turkey, South Korea, Indonesia, and Mexico—as emerging market economies has changed. "To think of them as emerging markets is ridiculous, frankly.
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