Extract
New economic powerhouses emerge.
Given the diversity of the numerous "emerging market" economies, it is challenging to define the term. Generally, countries in a transitional phase between developing and developed are seen to be the emerging markets. The best-known examples are Brazil, Russia, India and China, which are collectively known as the BRICs. In this article we look especially at the BRICs and their increasing role in the world economy.
The term "BRIC" was prominently used by ...See the full content of this document
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