Left Behinds

The anti-andrewsullivan.com. Or, the Robin Hood (Maid Marian?) of bright pink Blogger blogs.

Tuesday, July 25, 2006

Spectacular Returns

"It will provide for those of us who have invested in the BRICs dream, almost definitely, spectacular returns."
-Jim O'Neill, Goldman Sachs Head of Global Economics Research

The antecedent of "it" is the Goldman Sachs projection that in 45 years, the economies of Brazil, Russia, India, and China (in ascending order) will collectively become the biggest in the world. Jim himself narrates the story in this must-see video (click on the report in the upper right).

From my time with a certain management consulting company I know that there's no disagreement about the trajectories of these emerging economies. Firms have been reorienting themselves East and South for years now. But in this video Jim really expresses (in his understated way) a certain kind of raw greed, an unadulterated glee at the projected profit margins just over the horizon.

In general, I didn't know Goldman Sachs put so many reports online. What a treasure trove.


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