"BRIC" comes from the English word BRICs, which refers to the four countries of Brazil, Russia, India and China. It is formed by the combination of the initials of the English names of these four countries.
The pronunciation of the word "BRICs" is very similar to the word "bricks" in English, so it is called "BRIC".
Among them, Brazil is called the "world's raw material base"; Russia is called the "world's gas station"; India is called the "world's office"; and China is called the "world's factory".
Illustration and introduction to the "BRICs" [Edit this paragraph] Origin of the name "BRICs" (BRICs) was first published by Jim O'Neill, chief economist of Goldman Sachs Securities, in a title on November 20, 2001
It was first proposed in "The World Needs Better Economic BRICs". In October 2003, the company published a paper titled "Dreaming with BRICs: The Path to 2050".
(The Path to 2050) global economic report predicts that BRICs will dominate the world economy in 2050, among which: Brazil will replace Italy’s economic position in 2025 and surpass France in 2031; Russia will surpass the United Kingdom in 2027
, surpassing Germany in 2028; if nothing unexpected happens, China may surpass the United States in 2041 and become the world's largest economic power, India may surpass Japan in 2032; the combined GDP of BRICs may exceed the six major Western industrial countries in 2041 (
Canada is excluded from the G7). In this way, by 2050, the world economic structure will be greatly reshuffled, and the new six major economies in the world will become China, the United States, India, Japan, Brazil and Russia.
This economic report by Goldman Sachs has brought China, India, Russia, and Brazil, as representatives of emerging economies and leaders of developing countries, to receive more attention from the world, hence the name BRICs (translated as "BRIC").
It became popular all over the world.
On December 1, 2005, Goldman Sachs released a new report, "How Solid are the BRICs?" (How Solid are the BRICs?), stating that BRICs indeed appear to be progressing faster than other developing countries, large or small.
As a result, Goldman Sachs adjusted its forecasts: China will overtake the United States in 2040 (slightly faster than the 2003 forecast), while India will overtake Japan in 2033 (slightly slower than the earlier forecast, as Japan's economic conditions improve)
).
With the birth of the new concept of "BRIC", South Korean President Roh Moo-hyun (late) led hundreds of heavyweight political and business figures to launch "BRIC diplomacy"; the G7 Finance Ministers' Meeting invited representatives of the BRIC countries to attend for the first time in 2005
; As a result, the global chessboard of multinational companies such as Japan's Toyota Motor has been redeployed.
Judging from the current situation, the speed of economic development of the BRIC countries is exactly the opposite of the alphabetical order of the word "BRICs". China is far ahead, followed by India and Russia, and Brazil is relatively tepid.
From a broader perspective, the economic performance of at least the top three countries is enough to dwarf all G7 countries. The annual "net growth portion" of Russia and India can surpass the Netherlands today.
According to statistics, Russia's foreign exchange reserves have reached as high as 280 billion US dollars, which has exceeded the total of the EU member states.
From June 14 to 16, 2009, the first "BRIC" Foreign Ministers' Meeting was held in Yekaterinburg, Russia.
During the meeting, the four foreign ministers held extensive discussions on international economic and financial conditions, energy security and environmental issues, disarmament and non-proliferation of nuclear weapons, international trade and the reform of international organizations.
After the meeting of foreign ministers of the "BRIC" countries, a joint statement will be signed to express the unified position of the four countries on urgent issues of world development and international security.
Chinese-English dictionary explains BRICs BRIC Countries (Brazil, Russia, India and China) 1. This year, sales of cars in the BRICs should overtake those in America.
This year, the BRIC countries should buy more cars than the United States.
2. Brazil, another of the so-called Brics, was among the small group wanting a deal. Brazil, another of the so-called Brics, was among the small group wanting a deal.