BRIC is an acronym for Brazil, Russia, India, and China — four major emerging market economies grouped together by Goldman Sachs economist Jim O'Neill in 2001 due to their rapid economic growth and increasing influence on global trade. These nations collectively represent a significant share of global GDP, population, and natural resources. The BRIC categorization highlighted the shift of economic power from developed Western economies toward emerging markets, and it influenced significant investment flows into these countries.
Example
“Emerging market fund managers increased their BRIC allocation as the four economies posted faster GDP growth than the G7 nations for the fifth consecutive year.”