BRIC is an acronym that refers to fast growing developing economies of BRAZIL, RUSSIA, INDIA and CHINA. It refers to an economic theory that by 2050 the combined economies of the BRICs could eclipse the combined economies of the current richest countries of the world.
The above mentioned theory was given by Jim O'Neil of the bank holding company Goldman Sachs.
For more details refer to http://en.wikipedia.org/wiki/BRIC on Wikipedia.
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