In 2001, Goldman Sachs predicted that Brazil, Russia, India and China (labeled the BRICs) would dominate global economic markets in the 21st century. Based on those countries’ economic and polictical conditions at the time, the notion seemed highly unlikely. Yet China has surpassed Japan for the world’s second largest economy, and India is closing in with the fourth largest, bigger than both Germany and the United Kingdom. And China has the three largest banks in the world by market capitalization. What does this mean for the future of global trade? John Doggett, Senior Lecturer of Management at the McCombs School of Business, reviewed the dramatic rise of the BRICs and the implications for the world economy during the MBA Alumni Conference on March 26.