Brazil, Russia, India And China - BRIC
- Brazil, Russia, India And China - BRIC
- An acronym for the economies of Brazil, Russia, India and China combined. The general consensus is that the term was first prominently used in a Goldman Sachs report from 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.
The BRIC thesis posits that China and India will become the world's dominant suppliers of manufactured goods and services, respectively, while Brazil and Russia will become similarly dominant as suppliers of raw materials. It's important to note that the Goldman Sachs thesis isn't that these countries are a political alliance (like the European Union) or a formal trading association - but they have the potential to form a powerful economic bloc. BRIC is now also used as a more generic marketing term to refer to these four emerging economies.
Due to lower labor and production costs, many companies also cite BRIC as a source of foreign expansion opportunity.
Investment dictionary.
Academic.
2012.
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Brazil, Russia, India, and China — (BRIC) The acronym “BRIC” (Brazil, Russia, India, and China) is used in the international financial community to refer to the four largest emerging markets, that is, economies that lie outside the Group of Seven (G7). The term was first used… … Historical Dictionary of the Russian Federation
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Russia ETF — An exchange traded fund that invests in Russian stocks, either through local stocks directly or via American depositary receipts (ADRs) and global depositary receipts listed on U.S. and European exchanges. Russia ETFs seek to replicate broad… … Investment dictionary
BRIC — See Brazil, Russia, India, and China … Historical Dictionary of the Russian Federation
BRIC — /brɪk/ (say brik) noun 1. Brazil, Russia, India, and China, considered as a group of countries with emerging strong economies. –adjective 2. of or relating to this group of countries …
