The world of economics has lost one of its brightest minds with the passing of Jim O'Neill, the British economist best known for coining the term 'BRICs' and shaping global investment strategies. His work at Goldman Sachs and beyond left an indelible mark on financial markets and policymaking.
From Manchester to Global Influence
Born and raised in Manchester, O'Neill rose from humble beginnings to become one of the most influential economists of his generation. His groundbreaking 2001 paper introducing the BRIC concept (Brazil, Russia, India, China) fundamentally changed how investors and policymakers viewed emerging markets.
A Legacy Beyond Economics
O'Neill's impact extended far beyond the financial sector. His later work included:
- Serving as Commercial Secretary to the Treasury
- Chairing the Review on Antimicrobial Resistance
- Advising on urban development in Northern England
Champion of Northern Powerhouse
Perhaps closest to his heart was his work on the Northern Powerhouse initiative, where he advocated for greater economic investment and devolution in England's northern regions. His passion for regional development stemmed from his Manchester roots and belief in spreading prosperity beyond London.
Colleagues remember O'Neill as a rare combination of brilliant economist and compassionate leader, whose ideas will continue influencing global markets for decades to come.
