BRICS: Jim O’Neill Predicts The Key To Dethroning The US Dollar
Following the BRICS expansion efforts, Jim O’Neill, the economist who coined the acronym, has predicted just what may be the key to dethroning the US dollar. Specifically, O’Neill recently discussed the aforementioned expansion in an opinion piece. There, he affirmed the detriment of international reliance on the greenback while assuring that there is one vital thing that could be done to combat it once and for all Continue…
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.