In 2001, a few months after 9/11, economist Jim O’Neill was working at Goldman Sachs when he wrote a report about which countries might become big players in the world economy.

That’s when he came up with the name BRIC - short for Brazil, Russia, India and China.

At first, nothing much happened.

But in 2009, those countries took his idea and ran with it, holding their first summit.

Since then, the group has grown, adding South Africa to form BRICS.

There are now 11 members, and it’s been making headlines again, as U.S President Donald Trump threatens tariffs.

Jim O’Neill speaks to Megan Jones about coming up with the acronym almost by accident and how he didn’t think he’d still be talking about it almost 25 years later.

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(Photo: Jim O'Neill. Credit: Jim O'Neill)

How BRICS got its name

Witness History