defenition BRIC stands for expressed by Jim O'Neill in 2001 and refers to the four developing countries the most important in the world: Brazil, Russia, India and China.
All four countries experienced enormous growth and is expected that by 2050, the combined economies of the BRIC countries could be among the four most dominant economies in the world. They're even as the economic engine the world today and some business people think that this prediction BRICs become major economic power has moved closer to the year 2025.
BRIC countries are the fastest growing and largest developing countries in the world and they are the future. Together they combine 40% of the global population, 25% of soil mass and their combined GDP accounts for 66% of GDP Other States. Moreover, because trafficking is happening globally, the share of BRIC nations in world trade has increased over the years: in 2001 the BRICs accounted for only 7% of world trade, but in 2008 their share increased to almost 13%.
Brazil, Russia, India and China today greater than ever before and they play an important role in the world today. It is therefore important to begin to hear their voices and began to take steps and global coordinated between all countries in the world, in order to create a more sustainable world, personable and human.
BRICs emerge a super power and they will become a global superpower. No one was sure whether they will exceed expectations, but there is no doubt that they have become more important now than before.
Bussines today
