BRICS Memmership Expansion Gets Interesting If Saudis Join, Jim O’Neill Says - Bloomberg
Adding countries to the BRICS bloc will matter economically if Saudi Arabia is one of them but otherwise it’s hard to see the point, said Jim O’Neill, a prominent economist and veteran of Goldman Sachs Group Inc.
Saudi Arabia joining would be a “pretty big deal,” he told Bloomberg Television on Monday, noting that the nation’s traditionally close links with the US and its role as the world’s largest swing oil producer would add heft to the club.
Expansion of BRICS membership is top of the agenda for the summit being hosted this week by South Africa in the commercial capital of Johannesburg.
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