Emerging BRIC powers and the new world order
June 10th, 2009 in Breaking News, New World Disorder
FACTBOX-Emerging BRIC powers and the new world order | Markets | Bonds News | Reuters.
June 10 (Reuters) – Brazil, Russia, India and China — the so-called BRIC group of emerging powers — have gained clout over the past decade as their economies grew faster than those of developed countries.
BRIC leaders will hold their first summit meeting in the Russian city of Yekaterinburg on June 16 to discuss the global financial crisis and reforms to the world’s financial and trade institutions.
Here are some facts about the BRIC countries.
* The term BRICs was coined by U.S. investment bank Goldman Sachs to describe the four key emerging economic powers, which the bank predicted would account for an increasingly greater share of the global economy.