In 2001, Jim O'Neill, economist for Goldman Sachs, coined the acronym BRICs to refer to the economic potential represented by four developing countries: Brazil, Russia, India, and China. Ten years later, O'Neill believes he's indentified four new emerging markets that have also achieved BRIC status. They are Turkey, Indonesia, Mexico, and South Korea (TIMS?).
Source: http://www.mint.com/blog/trends/the-new-brics-02042011/
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