BRIC

Submitted by Sharemarket News on 18 April, 2011 - 18:10

BRIC is an acronym for the group of four big emerging economies - Brazil, Russia, India and China, also called the "Big Four." For many businesses, these countries represent very good expansion opportunities due to low production costs. In 2003, Goldman Sachs reported that India and China could become the world’s biggest providers of services and manufactured goods while Russia and Brazil could turn into the main raw material suppliers.

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