BRIC is likely going to create an economy larger than the bulk of the G7. According to some opinions, a reunited Korea could occur before 2050, or even between 2010 and 2020. If it occurred, Korean reunification would immediately raise the country's population to over 70 million. BRIC In economics, BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be at a similar stage of newly advanced economic development. It is typically rendered as "the BRICs" or "the BRIC countries" or "the BRIC economies" or alternatively as the "Big
BRIC closed down its BRIC fund after lost 88 percent of its asset value since 2010 and put the fund in emerging markets countries. Historically, Jim O'Neill who coined the term of BRIC was the former chief economist of Goldman Sachs. The head of emerging markets for Morgan Stanley Investment Management, Ruchir Sharma has released a book in 2012: "Breakout Nations" which mentioned that it is hard to sustain rapid growth for more than a decade. Based on a March 2011 "Forbes" report, the BRIC countries counted 301 billionaires among their combined populations, exceeding the number of billionaires in Europe, which