You’ve heard of multilateral organizations like the UN and WHO that serve the global community. You may also have heard of the G8 (Group of 8) and G20 (Group of 20), clubs of nations with common interests. But have you heard of the BRIC and the Next-11? They are groupings of countries that economists have made to help them predict the global needs of the future.

Coined in 2001 by Goldman Sachs, BRIC stands for Brazil, Russia, India and China and represents the world’s fastest growing economies.

Culled from k4health.