BRIC countries and their development
| Authors | |
|---|---|
| Year of publication | 2008 |
| Type | Article in Proceedings |
| Conference | FOR FIN 2008 |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | BRIC 2050 economic growth prediction 2007 condition for growth development |
| Description | The term BRIC was first introduced in 2001 by Goldman Sachs investment bank. It is term used for combination of Brazil, Russia, India and China. There was main idea that these countries are rapidly developing and by the year 2050 will eclipse most of the current richest countries in the world. In this article we focus on the BRIC countries and we will compare the situation in these countries to prediction. Also we focus on model that is a possible to assume further development in BRIC and the most relevant factors that situation in BRIC development. |