New world economic order

JIM O’NEILL, chief economist at Goldman Sachs reviews the durability of the BRIC economies through the economic shock and examines how the crisis had benefited each of the BRIC economies and what they would need to do to further increase momentum. In an article, "BRICs are Still on top", he predicts that the G20 would have a larger role in conflict reduction in the future and that a new multipolar global currency system would allow greater diversity in global trade and investment and mitigate the global imbalances that have arisen out of the dependency on the dollar.