Brazil, Russia, India And China - BRIC

AAA

DEFINITION of '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.

INVESTOPEDIA EXPLAINS 'Brazil, Russia, India And China - BRIC'

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.

RELATED TERMS
  1. EAGLES

    An acronym introduced by Spanish bank BBVA in 2010 to describe ...
  2. Asian Century

    The dominant role that could be played by Asia in the 21st century, ...
  3. Tatra Tiger

    A nickname or colloquial term for the central European nation ...
  4. Taiwan, Israel, Chile and Korea ...

    An investment theme focusing on four economies that rank between ...
  5. Brazil, Russia, India, China And ...

    An acronym for the combined economies of Brazil, Russia, India, ...
  6. CIVETS (Colombia, Indonesia, Vietnam, ...

    An acronym given to the countries Colombia, Indonesia, Vietnam, ...
RELATED FAQS
  1. What impact will growth in the emerging markets have on automotive sector?

    Continuing economic growth in the emerging market economies should have a very positive impact on the automotive industry ... Read Full Answer >>
  2. Is the banking sector appropriate for a growth investor?

    Bank stocks are appropriate for serious consideration by growth investors. Overall, the financial sector is one of the highest ... Read Full Answer >>
  3. What companies are positioned to grow from the popularity of ETFs?

    Some of the companies best-positioned to benefit from the explosion in the popularity of exchange-traded funds (ETFs) are ... Read Full Answer >>
  4. What percentage of the global economy is comprised of the oil & gas drilling sector?

    According to market research by IBISWorld, a leading business intelligence firm, the total revenues for the oil and gas drilling ... Read Full Answer >>
  5. Which emerging markets should an investor consider for exposure to the metals and ...

    An investor should consider the emerging market countries with the largest mining operations for exposure to the metals and ... Read Full Answer >>
  6. What percentage of an electronics company's spending is typically spent on research ...

    The average amount of spending allocated to research and development in the electronics sector is approximately 7-8%. However, ... Read Full Answer >>
Related Articles
  1. Mutual Funds & ETFs

    Go International With Foreign Index Funds

    As global trade continues to expand and the world's economies grow, spice up your portfolio with these exciting opportunities.
  2. Personal Finance

    What Is International Trade?

    Everyone's talking about globalization, so we explain what is it and why some oppose it.
  3. Fundamental Analysis

    Can Global Investors Profit From GDP Watching?

    GDP growth is not necessarily a solid indicator of stock market returns in emerging markets. Find out what to watch instead.
  4. Economics

    What Is An Emerging Market Economy?

    Emerging markets provide new investment opportunities, but there are risks - both to residents and foreign investors.
  5. Economics

    What Is The World Trade Organization?

    The WTO sets the global rules of trade. But what exactly does it do and why do so many oppose it?
  6. Economics

    When Global Economies Converge

    The Divergences in global economic look very much like an explanation for what happened last year, though market observers continue to tout about it.
  7. Economics

    Is The Chinese Yuan A Good Investment?

    The Chinese economy is growing and so are expectations for its currency. Investopedia explains why the Chinese yuan is a good investment.
  8. Investing

    Why To Look For Opportunities Overseas

    While U.S. equities can continue to climb and post further gains before the end of the year, the best opportunities may still reside outside the country.
  9. Investing

    Do Record Stock Highs Signal A Top?

    Despite higher rates, U.S. stocks have been posting new records in recent weeks, despite investor concerns about slowing U.S. corporate profit growth.
  10. Chart Advisor

    Long-Term Charts Suggest The Next Move Is Downward

    It is often a strategic move to remove oneself from the daily fluctuations and to broaden the time horizon to get a better idea of the long-term trend.

You May Also Like

Hot Definitions
  1. Fracking

    A slang term for hydraulic fracturing. Fracking refers to the procedure of creating fractures in rocks and rock formations ...
  2. Mixed Economic System

    An economic system that features characteristics of both capitalism and socialism.
  3. Net Worth

    The amount by which assets exceed liabilities. Net worth is a concept applicable to individuals and businesses as a key measure ...
  4. Stop-Loss Order

    An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit ...
  5. Covered Call

    An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset ...
  6. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly spreads use four option contracts with the same expiration ...
Trading Center