Ever since Jim O'Neill at Goldman Sachs coined the term BRICS in 2001 there have been many different assessments of these major emerging economies, with some even proclaiming that the promise of the BRICS (comprising Brazil, Russia, India, China, and South Africa) is over. However, the so called...

Along with the fast growing economy, the term 'BRICs' was coined to represent the newly emerging countries of Brazil, Russia, India and China. The enhanced economy in these countries has largely improved people's lives; at the same time, it has also strongly influenced the transformation of...