BRICS

    By
    Andrey Orlov
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    BRIC and BRICS are acronyms for groups of countries. “BRIC” stands for Brasil, Russia, India and China. In BRICS, South Africa is added.

    The BRICS countries are those with emerging economies that could, according to some forecasts, outperform the G8 states by 2050. Roughly one-third of the world’s population lives within the BRICS states.