BRIC is an acronym for Brazil, Russia, India, and China. It is used to refer to the four emerging economies that are expected to have a significant impact on the global economy in the near future. The term BRIC-A-BRAC is a play on words, combining the acronym BRIC with the word bric-a-brac, which refers to a collection of small decorative objects. Thus, BRIC-A-BRAC is used to describe a collection of the four emerging economies.