BRIC is an acronym denoting the economies of Brazil, Russia, India, and China, which experienced rapid growth in the 2000s and are predicted to overtake many Western economies by 2050. Related acronyms like BRICET and BRIMC include other emerging markets.
An acronym representing Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa, identified in the late 2000s as emerging markets with significant growth and investment potential due to their dynamic economies, young populations, and political stability.
Developing countries are nations with lower per capita income compared with wealthy countries such as the United States, Western Europe, and Japan. Investment in these countries is often channeled through emerging market funds.
The Group of 20 (G-20) is an international forum for the governments and central bank governors from 19 countries and the European Union to discuss policy issues pertaining to the promotion of international financial stability.
The Infant Industry Argument is an economic rationale for implementing trade protection measures to allow emerging domestic industries to establish and grow without the pressures of international competition.
