Jim O'Neill pushes back on the common sense that the world's two superpowers always call the shots.
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Economics
Jul 21, 2026
Jim O'Neill
Some commentators on international affairs seem to think that “the West” and the BRICS+ do not really matter; only the United States and China do. Yet three factors complicate this simplistic framing, suggesting that even superpowers' influence has limits, and that smaller powers can sometimes punch above their weight.
Jim O'Neill identifies big discrepancies between major economies' shares of global GDP and domestic equity valuations.
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Every empire has its strengths and weaknesses. Perhaps the most important asset is understanding those of your adversaries.
American economist sees China as key to the global energy transition to zero-carbon energy, especially in markets outside US and…
Every empire has its strengths and weaknesses. Perhaps the most important asset is understanding those of your adversaries.
American economist sees China as key to the global energy transition to zero-carbon energy, especially in markets outside US and…
