BRIC is an acronym for Brazil, Russia, India, China. These stock markets have been the most highly promoted of the global markets. Every analyst appearing in the media has them on their 'buy' list. My rule is: beware of 'over-owned' markets!
The overwhelming majority opinion is that a communist government can accomplish what no other country has ever done, namely engineer a soft landing from the bursting of an immense, speculative, credit bubble. I have a different view.