Brazil, Russia, India and China - BRIC

DailyFinance  Apr 8  Comment 
NEW YORK, NY and SHANGHAI, CHINA -- (Marketwired) -- 04/08/14 -- BRIC Language Systems, shortly after entering the translation services industry, has been successful in securing a major account in PrivCo - Private Company Financial...
Commodity Online  Apr 4  Comment 
Indian distributors remain cautious about the strength of underlying consumption in the April-June period. Deliveries to downstream industries were disrupted by the Holi festival and the close proximity of the general election.
FX Street  Mar 28  Comment 
As investors dump emerging-market equities at an unprecedented clip, they're turning more and more... For more information, read our latest forex news and reports.
SeekingAlpha  Mar 14  Comment 
Hickey and Walters (Bespoke) submit: Remember back when anyone who wanted to juice their returns "just had to" be involved with the BRIC countries of Brazil, Russia, India, and China? Like many fads that come and go, the BRICs have had their...
Reuters  Feb 17  Comment 
The head of Suntory Holdings Ltd said on Monday the $13.6 billion takeover of U.S. whiskey maker Beam Inc would help the Japanese spirits maker expand in emerging...
FX Street  Sep 6  Comment 
Market Brief The Asian stocks ended the week on mixed performances ahead of the US nonfarm payrolls... For more information, read our latest forex news and reports.
Forbes  Aug 28  Comment 
The BRIC countries, especially Brazil, India and China are all experiencing a change of fortune.


BRIC or BRICs are terms used in economics to refer to the combination of Brazil, Russia, India, and China. General consensus is that the term was first prominently used in a thesis of the Goldman Sachs investment bank. The main point of this 2003 paper was to argue that the economies of the BRICs are rapidly developing and by the year 2050 will eclipse most of the current richest countries of the world.

Goldman Sachs argues that the economic potential of Brazil, Russia, India, and China is such that they may become among the four most dominant economies by the year 2050. The thesis was proposed by Jim O'Neill, global economist at Goldman Sachs. These countries are forecast to encompass over thirty-nine percent of the world's population.

Goldman Sachs predicts China and India, respectively, to be the dominant global suppliers of manufactured goods and services while Brazil and Russia would become similarly dominant as suppliers of raw materials. Cooperation is thus hypothesized to be a logical next step among the BRICs because Brazil and Russia together form the logical commodity suppliers to India and China. Thus, the BRICs have the potential to form a powerful economic bloc to the exclusion of the modern-day G8 status. Brazil is dominant in soy and iron ore while Russia has enormous supplies of oil and natural gas. Goldman Sachs' thesis thus documents how commodities, work, technology, and companies have diffused outward from the United States across the world.

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