Definitions

BRIC Countries

Posted By: TradersLog

BRIC Countries refers to the rapidly developing group of countries that are Brazil, Russia, India and China. The term was first used in a thesis written by Jim O’Neill, a global economist at Goldman Sachs.

The BRIC countries are all rapidly moving towards full industrialization. O’Neill suggests in his thesis that these countries may become among the four most dominant economies of the 21st century.

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