BRIC Flashcards
BRIC
A group of four rapidly developing countries: Brazil, Russia, India, and China.
Cultural Power
The influence a country has through its culture, such as language, traditions, or media.
Economic Power
The ability of a country to influence global markets and trade through its wealth and resources.
Emerging Country
A nation with a rapidly growing economy and improving social indicators.
Favela
A densely populated urban slum in Brazil, often lacking formal infrastructure.
Foreign Direct Investment
Money invested by companies or governments in businesses or projects in another country.
Foxconn
A major global electronics manufacturer known for assembling devices like iPhones.
GDP
Gross Domestic Product, the total value of all goods and services produced in a country in a year.
Globalisation
The increasing interconnectedness of countries through trade, technology, and cultural exchange.
Inequality
The unequal distribution of wealth, resources, or opportunities within a society.
Middle Class
A social group made up of people with moderate income, often linked to stable jobs and education.
