In 2001, the chief economist for Goldman Sachs, Jim O’Neill, coined the term BRICs to describe Brazil, Russia, India and China. By 2050, these rising markets would steer the global economy. Of course, the international community laughed at the inclusion of Brazil. ‘I was told that I must have put the B in BRICs to make the acronym sound better,’ he told Newsweek magazine. That was then. Today Brazilians are just as surprised as the international community at their biggest economic expansion in thirty years.