Back BRICS Afrikaans بريكس Arabic BRICS AST BRICS Azerbaijani БРИКС Bashkir БРІКС Byelorussian БРІКС BE-X-OLD БРИКС Bulgarian ব্রিক্স Bengali/Bangla BRICS BS
 BRICS logo during the 2024 Russian chairmanship | |
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Member states
Prospective member states | |
| Named after | Founder member states' initials (in English) BRIC (economic term) |
|---|---|
| Formation | 16 June 2009 |
| Founded at | |
| Type | Intergovernmental organization |
| Purpose | Political and economical |
| Fields | International Politics |
Membership | 9 member states |
Official languages | Persian, Arabic, Amharic, Chinese, Russian, Hindi, Portuguese |
| Website | brics-russia2024.ru |
Formerly called | BRIC |
BRICS is an acronym used to talk about the countries of Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Many economists think that all these countries are at a similar stage of economic development. When people write about these countries, they usually write "BRICS" or the "BRICS countries".
The acronym was invented by Jim O'Neill, an economist who worked for Goldman Sachs. In 2001, O'Neill wrote an article that he called "Building Better Global Economic BRICs".[2][3][4]
Mexico and South Korea were the only other countries with economies that are like the BRICs. O'Neill did not include these countries because they were considered already more developed, as they were already members of the OECD.[5]
They also proposed to have a “partnership model” for other countries and talked about starting a common currency. They planned to use the US dollar less.[6]
- ↑ 1.0 1.1 Cite error: The named reference
imf.orgwas used but no text was provided for refs named (see the help page). - ↑ Kowitt, Beth (2009-06-17). "For Mr. BRIC, nations meeting a milestone". CNNMoney.com. Retrieved 2009-06-18.
- ↑ Global Economics Paper No. 99, Dreaming with BRICs Archived 2008-10-26 at the Wayback Machine and Global Economics Paper 134, How Solid Are the BRICs?
- ↑ Economist's Another BRIC in the wall 2008 article
- ↑ "How Solid are the BRICs?" (PDF). Global Economics. Archived from the original (PDF) on 2011-07-17. Retrieved 2010-09-21.
- ↑ Cotterill, Joseph (2023-08-24). "Brics leaders invite 6 nations including Saudis and Iran to join bloc". Financial Times. Retrieved 2023-08-25.