A Good Acronym for Emerging Markets Needs a V

Rarely has there ever been an acronym more fortunate than the BRIC group. Starting in 2001, when Jim O'Neil from Goldman Sachs synthesized Brazil, Russia, India and China, followed later by South Africa, the term began appearing in economics publications and everyday language. Soon it became synonymous with emerging markets, a relentlessly growing web that threatened to undermine the industrial world's primacy.

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