The world’s newest economic grouping is to hold its first summit in the Russian city of Yekaterinburg on Tuesday.
Bric is named after its four member states – emerging giants Brazil, Russia, India and China.
They are expected to put efforts to improve the global economy at the top of the agenda.
The BBC’s Rupert Wingfield Hayes, in Russia, says Bric’s main goal is to force the West to give greater recognition to the developing giants.
China is now the world’s third biggest economy, while Russia, India and Brazil are catching up with many key European economies.
Læs hele artiklen: http://news.bbc.co.uk/2/hi/business/8102216.stm
Kilde: BBC Online
