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Brazil, Russia, India, and China are collectively known as the BRIC’s. The paper in 2003 by Jim Oneil entitled The Path to 2050 brought the BRIC’s to the forefront of emerging market investors. The idea is that by the year 2050 the BRIC nations will be as large and powerful if not more then existing super powers. Based on economic and demographic forces the paper might be right.

Now that these nations have embraced capitalism and started to throw out corruption they are able to better compete for investment capital with other nations. Due to this and the fact that they have huge and growing populations along with large natural resources and you have a good chance for a big move on their way to power and influence.

The first letter in the acronym is B and it stands for Brazil. One of the largest non OPEC oil nations Brazil is also the home to many different industries. They have a large and proven banking system as well as airlines and manufacturing. But the two biggest drivers for the next several years will likely be the growing education of its population and the huge energy supplies that Brazil has.

Russia is next and like Brazil has huge oil and gas reserves and resources. In addition to natural resources Russia also has a very educated population with many scientists. The only thing that Russia needs in order to further progress is to fully purge itself of corruption that is fairly rampant in the government, But hey when your leader is a former KGB agent what do you expect? Anyways if they can get past the Putin issue then they will become one of the most powerful economic forces in the world.

India has over a billion people. That in and of itself is not a big deal, except that they also have one of the largest bilingual populations on earth as well as a large educated segment. This has helped India to become first a humongous outsourcing giant and second to become a real and legitimate technology leader in its own right. They have scientists, engineers, and doctors who are rapidly becoming on par with their western brethren. The next ten and fifty years will be exciting as India continues to improve.

Finally we have China. China has the largest population on earth and has long been thought to be a huge eventual power. This idea is not a thought anymore as it is a complete reality. While they still have tons of challenges ahead of them, China is now a huge player in the marketplace. Previously only a maker of cheap goods, China is rapidly coming up so speed in most fields with a large educated population. Yes, they still have challenges ahead of them but they are improving every day as quality of life for their citizens continues to improve and corruption continues to decline.