It was 4 countries to start with (bric) Brazil , Russia , India and China .... The term bric was coined by a Goldman Sachs investment bank economist named Jim O'Neill who first used it in a meeting he had with the group in 2001. Then they added South Africa as a country with rapid economic growth. This term first appeared in a note by Jim O'Neill, an economist at the investment bank Goldman Sachs, and was taken up again in a report published by two economists from the same bank. The BRICS + is now a group of ten countries—Brazil, Russia, India, China, South Africa, Iran, Egypt, the United Arab Emirates, Indonesia , and Ethiopia—aiming to rival the Group of Seven . The BRICs are high-growth countries whose weight in the global economy is increasing at the beginning of the 21st century. The BRICS countries use their national currencies to trade among themselves to reduce the influence of the dollar in world trade so that the United States cannot use th...
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