The "BRICS" include the countries of Brazil, Russia, India, China and South Africa. What started as a
selection of countries with similar characteristics has now grown into a trading alliance that is setting
a precedent for a new economic order that can potentially
become a bigger influence on the world economy than the EU
and USA combined. Perhaps most significant is the
ability to bypass trading in U.S.
dollar/Euro currencies. Collectively,
the BRICS group represents 43%
of the world's population, 20 % of
the global GDP and 38% of the
world adhesive and sealant demand.
Unscathed by the current
world economic recession, real
GDP growth is expected to be in
the range of 4-4.5% for at least the
next 5 years. There is every indication
that the BRICS will lead the
world's economy within less than
10 years.