An Executive Analysis of the Defence Budget and Procurement in BRIC Countries

Abstract

BRIC (Brazil, Russia, India and China) refers to the fast growing developing economies of Brazil, Russia, India, and China. The concept came into existence by 2001 with a combined target of achieving excellence by 2050. With the rapid development in the economies of these four countries it is estimated that the combined economies of these four countries could conceal the combined economies of the richest countries of the world at present, by 2050.