In the conditions of the modern world with its global transformation of the economic order and a fairly noticeable vector of changes in the geopolitical balance of power, the mysterious and gaining power every year is being emphasized by the BRIC abbreviation, which is more correctly called BRICS, due to the accession to Brazil, Russia, India and China Republic of South Africa. Today, the BRIC countries have become extremely prominent players in the global economic and political arena.
The states, which were considered several decades ago by the enlightened and well-fed West, developing at a rapid pace, are turning into economic, industrial, political and military giants of the modern world. At first glance, they are so different, these countries have a lot in common. First of all, they are all unusually rich in minerals and natural resources. In addition, the BRIC countries are four powerful markets, each of which has its own unique features.
What could link together such different states and completely dissimilar nations with completely different mentalities? A lot of the most diverse factors unites them. But they are mainly characterized by the presence of a powerful economic potential and ambitious ambitions of government leaders who want to confront in all aspects the G-6 countries - the USA, France, Great Britain, Japan, Germany and Italy, which, by the way, are experiencing a severe economic crisis, in no small degree affecting their power.
All the BRIC countries, this association of monsters of the world economy, in the recent past experienced either a change in the political system or a radical change in state course, which enabled them to play with the Big Six countries according to their rules and in their field. So far, the advantage is clearly not on the side of the West and Japan that has joined it.
In light of the recent accession of South Africa to this association, the overall economic potential of this magnificent quintet has increased markedly. Given the global crisis, it is possible that in the near future Russia and the BRICS will become key figures in the global economy. And, perhaps, not only the economy …
In any case, all the prerequisites for this are obvious. Already today, the BRIC countries possess five of the top 10 largest megacities of the planet, on the territory of which are concentrated not only grandiose capital by volume, but also many millions of wealthy consumers who tirelessly strive for the heights of the socio-economic ladder. It is in these giant cities or even conglomerates of cities that the number of millionaires is growing at an incredible speed, which not a single Big Six country can boast of.
The term BRIC first appeared in the business vocabulary in 2003 with the light hand of economist Jim O'Neill, who described the economic picture of the future world. According to his forecasts, no later than 2050, the combined economic potential of the BRIC countries will allow them to occupy a dominant position on the planet and significantly surpass not only the United States, but also all Western European countries combined. Experts unanimously predict this quintet the fate of the most investment-promising states of the globe during the twenty-first century. It is in this capacity that countries now hiding under the BRIC abbreviation appear in numerous economic reports and reports of various authoritative international financial institutions.
