BRICS COUNTRIES AS AN ALTERNATIVE "WEST"

Abstract

BRIC is an economic term that refers to the growing economic potential and development in Brazil, Russia, India and China. He was an economic alliance of these complementary economies. The term was introduced by Jim O'Neill of global corporations for Financial Research Goldman Sachs, and was quickly accepted by the public. A meeting of officials of the state, was held in summer 2008. in Yekaterinburg, called the BRIC summit. BRIC states have 40% of the world population (2 billion and 860 million), and 25% of the land territory. 13th April 2011th was admitted to membership of the Republic of South Africa, and then for her to use the English acronym BRICS.

Keywords

• Integration
• international relations
• trade
• economic growth and competitivenes.