The BRIC regional category (Brazil,Russia,India,and China)was first used as a theoretical construct by academics before the group actually constituted itself.

Name: The BRIC regional category (Brazil,Russia,India,and China)was first used as a theoretical construct by academics before the group actually constituted itself.
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The term BRIC was first coined as a theoretical construct by Goldman Sachs in 2001 before Brazil, Russia, India, and China held their first official meeting as a group in 2006.

The BRIC Regional Category (Brazil,Russia,India,and China)was First Used as a Theoretical