EM debt can go mainstream, says Jim O’Neill

Jim O’Neill is best known for creating the idea of the Brics – that Brazil, Russia, India and China will overtake the US and Western Europe in leading world economic growth, thanks to population size, productivity and urbanisation. He penned that as chief economist at Goldman Sachs in 2000. In 2009 he was named chairman of Goldman Sachs Asset Management. At the end of your new book explaining the Bric story and the concept of the ‘next 11’ growth markets*, you mention that investo…