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- It added that China's economy is larger than that of the three other BRIC economies ( Brazil, Russia and India ) combined.
- In the first approach, eight economies have been identified and they were : BRIC economies plus Mexico, South Korea, Turkey and Indonesia.
- States most commonly described as being potential superpowers include the European Union, and the emerging BRIC economies comprising Brazil, Russia, India and China.
- Yet despite the balance of growth swinging so decisively towards the BRIC economies, the average level of individuals in the more advanced economies will continue to far outstrip the BRIC economic average.
- Brazil is also no longer referred to as a developing country, but as an emerging country, a newly industrialised country ( NIC ) and as a member of the BRIC economies.