BRIC

This article is about Brazil, Russia, India, and China as large emerging markets. For the political organization that also includes South Africa, see BRICS.

Brazil, Russia, India, China

BRICs Federative Republic of Brazil President (head of state and government): Dilma Rousseff Russian Federation President (head of state): Vladimir Putin Prime Minister (head of government): Dmitry Medvedev Republic of India President (head of state): Pratibha Patil Prime Minister (head of government): Manmohan Singh People's Republic of China President (head of state): Hu Jintao Premier (head of government): Wen Jiabao GDP (PPP) Total : $18,486 billion (2010 estimate) China $10,084 billion India$4,001 billion Russia $2,219 billion Brazil $2,182 billion GDP (nominal) Total : $10,676 billion (2010 estimate) China $5,745 billion Brazil $2,024 billion Russia $1,477 billion India$1,430 billion Area Total : 38,518,338 km2 (2010 estimate) Russia 17,075,400 km2 China 9,640,821 km2 Brazil 8,514,877 km2 India3,287,240 km2 Population Total : 2,851,302,297 (2010 estimate) China 1,336,970,000 India1,179,618,000 Brazil 192,787,000 Russia 141,927,297

BRIC is used to talk about the countries of Brazil, Russia, India and China. Many economists think that all these countries are at a similar stage of economic development. When people write about these countries, they usually write BRICs or the BRIC countries"'.

The acronym was invented by Jim O'Neill, an economist who worked for Goldman Sachs. In 2001, he wrote an article that he called "Building Better Global Economic BRICs".

Mexico and South Korea were the only other countries with economies that are like the BRICs. But O'Neill did not include these countries because they were considered already more developed, as they were already members of the OECD.

Bibliography

• Elder, Miriam, and Leahy, Joe, et al., Who's who: Bric leaders take their place at the top table, Financial Times, London, September 25, 2008
• O'Neill, Jim, BRICs could point the way out of the Economic Mire, Financial Times, London, September 23, 2008, p. 28.
• Mark Kobayashi-Hillary, 'Building a Future with BRICs: The Next Decade for Offshoring' (Nov 2007). ISBN 978-3-540-46453-2.
• J. Vercueil, Les pays émergents. Brésil-Russie-Inde-Chine... Mutations économiques et nouveaux défis (Emerging Countries. Brazil - Russia - India - China... Economic Transformations and new Challenges) (in French), Paris : Bréal, 2010, 207 p. ISBN 978-2-7495-0957-0