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First Brics... now Civets in changing global economy

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It is a decade since Jim O'Neill of Goldman Sachs came up with the term Brics to talk about the economics of Brazil, Russia, India and China.

Damian Grammaticus reports from Beijing on how much progress has been made there and Jim O'Neill reflects on whether the term is still meaningful in a world which is seeing the rise of a new group, the Civets - Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa - also coined by Mr O'Neill.


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