BRIC Countries

   

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.


   
   

More on investing: Alternative Investments, Asset Management, Break-even Point, Capital Structure, Corporate Bond, more...



   

MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.

We love to keep things really short, but provide links to learn more about your subject and to similar concepts.





© 2023 MBA Brief - Last updated: 21-3-2023  -  Privacy   |   Terms