Antibiotics are routinely used as part of many medical treatments, like hip replacements, Caesarean sections and chemotherapy – and these could become more dangerous if antibiotics lose their effectiveness.
O'Neill, who is best known for coming up with the acronym BRIC (Brazil, Russia, India and China) to describe the rapidly emerging economies, warned that the developing world would be hardest hit by growth in drug resistance. Countries in particular danger are likely to include India, Nigeria and Indonesia (from malaria), and Russia (from tuberculosis).
David Cameron, the U.K.'s Prime Minister, has warned of a new "dark ages of medicine" if the problem is not tackled.
- By CNBC's Catherine Boyle
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