https://www.cnbc.com/video/2022/09/12/brics-how-a-goldman-sachs-acronym-became-a-strategic-economic-bloc.html?utm_term=Autofeed&utm_medium=Social&utm_content=Intl&utm_source=Facebook#Echobox=1662949424 The BRICS economic bloc is made up of five of the world’s biggest emerging economies: Brazil, Russia, India, China and South Africa. The acronym started as “BRIC” in 2001, when Goldman Sach’s then-chief economist Jim O’Neill predicted that the economic weight of Brazil, Russia, India and China could eclipse the world’s biggest economies in the next decade.