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In 2001, Jim O’Neill predicted the fastest growing economies ofthe past decade. Now he’s back to explore the new growth markets weshould all be watching closely today.It’s been ten years since Jim O’Neill conceived of the BRIC acronym.He and his team made a startling prediction: Four developing nations- Brazil, Russia, India, and China (the BRICs)-would overtake the sixlargest Western economies within forty years. The BRIC analysispermanently changed the world of global investing, and its accuracy hasstood the test of time.The Growth Map features O’Neill’s personal account of the BRICphenomenon, how it has evolved, and where those four key nationscurrently stand after a turbulent decade. And the book also offers anequally bold prediction about the “Next Eleven” countries: Bangladesh,Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, SouthKorea, Turkey, and Vietnam. These developing nations may not seemexceptional today, but they offer exciting opportunities for investorsover the next decade, just as BRIC did before them.O’Neill also shares several compelling insights about the worldeconomy. He reveals the value for growing countries in being “willing toplay” by meaningfully committing to policies that encourage furthergrowth and engagement with globalization. He explains how the g20 canadjust to better incorporate the BRICs and to better reflect the balanceof the global economy.Finally, O’Neill makes the counterintuitive claim that good things canquite often come from crises. While established economic powers may seethe rise of the BRICs as a threat, international trade benefits us allover the long term. Likewise, the recent financial crisis revealed deepproblems in our economic systems, problems we now have the opportunity tofix.A work of astute and absorbing analysis, The Growth Map is anindispensable guide for every investor and every participant in theglobal economy. Anyone who wants to understand the developing world woulddo well to heed the man called “one of the most sought-after economiccommentators on the planet.” (The Telegraph)
