Question

Explain about "Breton wood twins"

Answer 1

BRICS was an acronym for Brazil, Russia, India and China, later expanded to include South Africa. It was originally invented by Goldman Sachs, an investment bank, some years ago, to underscore the investment possibilities in four big, fast-growing emerging markets whose share in the global economy was expected to increase sharply over the next few decades. Following the recent global economic and financial turmoil, with major developed economies likely to grow slowly for an extended period, the share of BRICS in the global economy is expected to grow even faster than originally projected. Already, these countries account for over 25% of the worlds land area and GDP at purchasing power parity, and over 40% of population.