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Encyclopedia > BRIMC
Location of the five BRIMC countries

BRIMC is a relatively new term used to refer to the combination of Brazil, Russia, India, Mexico and China. Image File history File links Size of this preview: 800 × 352 pixelsFull resolution (1427 × 628 pixel, file size: 40 KB, MIME type: image/png) World map showing the BRIMC countries (according to the Goldman Sachs Bank): Brazil, Russia, India, Mexico and China. ... Image File history File links Size of this preview: 800 × 352 pixelsFull resolution (1427 × 628 pixel, file size: 40 KB, MIME type: image/png) World map showing the BRIMC countries (according to the Goldman Sachs Bank): Brazil, Russia, India, Mexico and China. ...


The term derived from the Goldman Sachs investment bank thesis called BRIC. Jim O'Neill expert from the same bank and creator of the economic thesis, stated that in 2001 when the paper was created, it did not consider Mexico, but today it has be included due to the fact that the country is experiencing the same factors that the other countries first included present.[1] The main point of this paper was to argue that the economies of the BRIMCs are rapidly developing and by the year 2050 will eclipse most of the current richest countries of the world. Finally, due to the popularity of the Goldman Sachs thesis, "BRIMC" is becoming a more generic marketing term to refer to these five countries, or even to newly industrialized countries in general. Goldman Sachs offices at the Fraumünsterplatz in Zürich (the light-colored building on the left) The Goldman Sachs Group, Inc. ... The four BRIC countries: Brazil, Russia, India and China BRIC or BRICs are terms used to refer to the combination of Brazil, Russia, India, and China. ... James Leo (Jim) ONeill (February 23, 1893 - September 5, 1976) was a backup shortstop in Major League Baseball who played for the Washington Senators. ... 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... 2050 (MML) will be a common year starting on Saturday of the Gregorian calendar. ... Countries in green are considered NICs. ...


The term is primarly used in the economic and financial spheres as well in academia. Its usage has grown specially in the investment sector, where it is used to refer to the bonds emitted by these emerging markets governments.[2] Plato is credited with the inception of academia: the body of knowledge, its development and transmission across generations. ...

Contents

The BRIMC thesis

It is primarily the same as the BRIC. Goldman Sachs argues that the economic potential of Brazil, Russia, India, Mexico and China is such that they may become among the five most dominant economies by the year 2050. The thesis was proposed by Jim O'Neill, global economist at Goldman Sachs. These countries are forecast to encompass over forty percent of the world's population and hold a combined GDP [PPP] of 14.951 trillion dollars. On almost every scale, they would be the largest entity on the global stage. However, it is important to note that it is not the intent of Goldman Sachs to argue that these four countries are a political alliance (such as the European Union) or any formal trading association, like ASEAN. Nevertheless, they have taken steps to increase their political cooperation, mainly as a way of influencing the United States position on major trade accords, or, through the implicit threat of political cooperation, as a way of extracting political concessions from the United States, such as the proposed nuclear cooperation with India. The four BRIC countries: Brazil, Russia, India and China BRIC or BRICs are terms used to refer to the combination of Brazil, Russia, India, and China. ... ASEAN[1], pronounced // (AH-SEE-AHN) in English, or the Association of Southeast Asian Nations, is a geo-political and economic organization of 10 countries located in Southeast Asia, which was formed on August 8, 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand[2] as a display of solidarity...


Other uses

The term is very used in the financial world to describe the countries in which investing opportunities in bonds are notable and offer high rentability.[3]


References

  1. ^ "Le Figaro" interview with expert Jim 0'Neill (French)
  2. ^ Correio Da Manha Newspaper
  3. ^ Correio Da Manha Newspaper

See also


 
 

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