The states, which were earlier, accepted to consider as developing countries of Third world, promptly become economic giants of the new world. BRIC: Brazil, Russia, India and China – four markets everyone with the unique features, but thus unites them the potential generated by …show more content…
− Brazil - is rich with agricultural production
− Russia - the world's largest exporter of mineral resources
− India - cheap intellectual resources
− China - the owner of a cheap manpower
These are the main resources on which economy of these countries leans. High population of the countries causes low cost of work in them and, respectively high rates of economic growth.
The thesis BRIC assumed that Brazil, Russia, India and China changed the political systems to capture global capitalism. Goldman Sachs foretold that China and India would be dominating global suppliers of the goods of industrial function and services while Brazil and Russia became also dominating suppliers of raw materials. Cooperation was, thus, probable - as logic step BRIC because Brazil and Russia together logically formed suppliers of India and China. Thus, at BRIC there was a potential to create the strong economic block - like the "G8" states. Brazil is a soya dominating in production and iron ore while Russia has huge supply of oil and natural gas. The thesis, thus,