Abstract
The term BRICS emerged in 2001, by Goldman Sachs chief-economist, Jim O'Neill, that made the acronym BRIC, in a paper titled "Building Better Global Economic BRICs". The term is made by the coalition between Brazil, Russia, India, China and South Africa. Since then, many have been the unfolding about the grouping, mainly your transformation from a simple acronym concept BRIC, to an instan…