Which BRIC country has not lived up to expectations due to a slowing economy political and social problems and being labeled as the worlds most corrupt major economy

Question

Business

Goodwin

20 February, 14:40

Which BRIC country has not lived up to expectations due to a slowing economy political and social problems and being labeled as the worlds most corrupt major economy

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Answers (1)

Know the Answer?

Anthony Galvan · Answer 1

The correct answer is: Brazil.

Explanation:

Goldman Sachs coins in 2001 the term BRIC to refer to those major economies that were likely the most influential of the 21st century. BRIC is an acronym that joins the initial for the countries of Brazil, Russia, India and, China. Out of the four, Brazil's Odebrecht-Petrobras case has been spread all over the world as one of the biggest corruption cases known in economic history, where governmental representatives and even president Luis Inacio Lula da Silva was involved. Besides, the uneven distribution of wealth in Brazil is an ongoing problem that has been affecting its population for decades.