BRICS is an acronym used to talk about the countries of Brazil, Russia, India, China and South Africa. 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 "BRICS countries".
The acronym was invented by Jim O'Neill, an economist who worked for Goldman Sachs. In 2001, O'Neill 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. O'Neill did not include these countries because they were considered already more developed, as they were already members of the OECD.
Current leaders[change | change source]
References[change | change source]
- ↑ Kowitt, Beth (2009-06-17). "For Mr. BRIC, nations meeting a milestone". CNNMoney.com. Retrieved 2009-06-18.
- ↑ Global Economics Paper No. 99, Dreaming with BRICs and Global Economics Paper 134, How Solid Are the BRICs?
- ↑ Economist's Another BRIC in the wall 2008 article
- ↑ "How Solid are the BRICs?" (PDF). Global Economics. Retrieved 2010-09-21.
Bibliography[change | change source]
- 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 (2008). Building a Future with BRICs: The Next Decade for Offshoring. Springer Verlag. ISBN 978-3-540-46453-2.
- Julien Vercueil (2010-09-03). Les pays émergents: Brésil-Russie-Inde-Chine... Mutations économiques et nouveaux défis. Editions Bréal. ISBN 978-2-7495-0957-0.