Definition: BRIC Countries is an acronym that refers to the 4 biggest emerging economic markets: the countries of Brazil, Russia, India and China.
Thanks to factors such as a large number of inhabitants, a very low income standard, a market economy, the availability of cheap labour and plenty of natural resources, and the negligence of environmental issues, the economies of these 4 countries have been growing very quickly and will probably continue to do so. It is estimated that by 2027 the combined GDP of the BRIC economies will overtake the combined GDP of the G7 economies.
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