When Goldman Sachs created the acronym BRIC in 2001, nei-ther the economists nor the rest of the world imagined that Brazil, Russia, India and China would finally sit together to build up a substantial platform one day. As the heads of state of the four BRIC members assembled for their first-ever summit in Yekaterinburg of Russia on June 16, some hailed the newborn, while others worded about what it will grow into.

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