The term BRIC was coined by “Terence James O’Neill”. Initially it was coined as BRIC in the year 2001 but later in 2010 South Africa was also added in the list and then it became BRICS. “BRICS” is used as the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.
eAnswers Team
The term BRIC was coined by “Terence James O’Neill”. Initially it was coined as BRIC in the year 2001 but later in 2010 South Africa was also added in the list and then it became BRICS. “BRICS” is used as the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.