Good background on an economic organization that existed for a while, and works without (or in spite of) the United States. Something we all need to be aware of.
BRIC is an acronym for the economies of Brazil, Russia, India and China combined, originally projected to be the fastest growing market economies by Jim O’Neill of Goldman Sachs first in 2001, but most prominently in a follow up paper published in 2003. It has been speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.
The Goldman Sachs thesis doesn’t argue that these countries are a political alliance (like the European Union) or a formal trading association – but states instead they have the potential to form a powerful economic bloc. Read more here.