British economist, Jim O'Neill
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Economist who coined the name BRICS on their future

The BRICs - it has become almost a household term to describe the world's fast growing emerging economies - Brazil, Russia, India and China.

The term was invented 10 years ago today by a British economist working for investment bank Goldman Sachs, Jim O'Neill, in a research paper that was little recognised at the time, but correctly predicted the enormous shift in the balance of global economic power.

The BBC's chief Economics Correspondent Hugh Pym has been talking to him.

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