Revista

BRIC are the letters that originally stood for
these countries: Brazil, Russia, India and China.
South Africa became part of the BRIC nations in
2010, turning BRIC into BRICS. Actually, the
BRICS were first formed on paper rather than as
a real group. Here's how it started.
The acronym has been attributed to Goldman
Sachs chief economist Jim O'Neill in a 2001
paper he wrote called,
"Building Better Global
Economic BRICs."
the four countries since 2001. They are
considered among the biggest and fastest
growing emerging markets, or those markets
still developing.
Many analysts consider the BRICS a good place
for investment because of their growing
populations, infrastructure building, and
expansive middle class.
In his paper, O'Neill
argued that since the
four BRIC countries
were developing
rapidly, by 2050 their
combined economies
could eclipse all the
economies of the richest
countries in the world.
The BRICS acronym has
come to be used as a
symbol of the shift in
global economic power
away from the
developed
G7
economies—like the
U.S.—and toward the
developing world.
The five nations if
combined would be the
largest entity on the
global stage, according
to Goldman Sachs,
which has continued to
monitor
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