Brazil, Russia, India and China - BRIC

RECENT NEWS
Market Intelligence Center  Aug 4  Comment 
After Friday's trading in BRIC Guggenheim (EEB) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 3.18% or 8.42% (for comparison purposes only), while providing 5.44% downside...
Market Intelligence Center  Jul 22  Comment 
BRIC Guggenheim (EEB) presents a trading opportunity that offers a 3.60% return in just 151 days. A covered call on Guggenheim BRIC at the $36.00 level expiring on Dec. '14 offers an assigned return rate of 3.60% or 8.70% annualized. This trade...
The Economic Times  Jul 19  Comment 
About 23% of respondents in the Bloomberg Poll said India offers one of the best investment opportunities among eight of the biggest markets worldwide.
Market Intelligence Center  Jun 13  Comment 
After Thursday's trading in iShares MSCI BRIC Index (BKF) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 2.59% return, or 4.98% annualized (for...
The Times of India  May 14  Comment 
Among the BRIC nations, India is slowly emerging as the favourite of fund managers as the stocks of its three peers—Brazil, Russia and China— go down.
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.




 
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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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