BRIC Nations Meaning

Brazil, Russia, India And China - BRIC

In the next few years there will be a rise in the middle class of the nations classified as BRIC – Brazil, Russia, India and China. For years this has been a shift that aid workers, political analysts and anyone with a financial interest in these nations have been waiting for.

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.

In the next few years there will be a rise in the middle class of the nations classified as BRIC – Brazil, Russia, India and China. For years this has been a shift that aid workers, political analysts and anyone with a financial interest in these nations have been waiting for.

sources:http://www.investopedia.com/terms/b/bric.asp,http://www.power-technology.com/features/feature1417/