Want to create an interactive transcript for this episode?
Podcast: Witness History
Episode: How BRICS got its name
Description: In 2001, a few months after 9/11, economist Jim O’Neill was working at Goldman Sachs when he wrote a report about which countries might become big players in the world economy. That’s when he came up with the name BRIC - short for Brazil, Russia, India and China. At first, nothing much happened. But in 2009, those countries took his idea and ran with it, holding their first summit. Since then, the group has grown, adding South Africa to form BRICS.There are now 11 members, and it’s been making headli...