The BRICS, Civets and African Dilemma
A comparative analysis by Robbie Lynn
“South Africa needs to look beyond the emerging BRIC(s) and Civet(s) markets and focus on Africa.”
Definition of Emerging Markets
According to en.wikipedia.org the definition for an emerging market can be defined as the following: “An emerging market is a country that has some characteristics of a developed market but is not a developed market. This includes countries that may be developed markets in the future or were in the past. It may be a nation with social or business activity in the process of rapid growth and industrialization. The economies of China (excluding Hong Kong and Macau, as both are developed) and India are considered to be the largest of the BRICS nations’. According to The Economist, many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record …show more content…
It will hinder the growth vastly because none of these countries will be looking to help each other out so the formation of the group will almost be pointless if they can’t agree on anything. All these countries are also very different from each other, which make collaborative policies hard to make as the needs of one, is different from the needs of the other. The BRICS countries growth estimates are based on unlimited supply of oil and coal and they aren't yet a European bloc such as the EU which is organized into one economy which means that they don’t have any laws governing them so they could simply refuse to trade with each other if the political differences got the better of them. They are also not close to one another which means that trade is actually quite difficult to achieve which if the oil crisis worsens could mean less trade amongst
A comparative analysis by Robbie Lynn
“South Africa needs to look beyond the emerging BRIC(s) and Civet(s) markets and focus on Africa.”
Definition of Emerging Markets
According to en.wikipedia.org the definition for an emerging market can be defined as the following: “An emerging market is a country that has some characteristics of a developed market but is not a developed market. This includes countries that may be developed markets in the future or were in the past. It may be a nation with social or business activity in the process of rapid growth and industrialization. The economies of China (excluding Hong Kong and Macau, as both are developed) and India are considered to be the largest of the BRICS nations’. According to The Economist, many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record …show more content…
It will hinder the growth vastly because none of these countries will be looking to help each other out so the formation of the group will almost be pointless if they can’t agree on anything. All these countries are also very different from each other, which make collaborative policies hard to make as the needs of one, is different from the needs of the other. The BRICS countries growth estimates are based on unlimited supply of oil and coal and they aren't yet a European bloc such as the EU which is organized into one economy which means that they don’t have any laws governing them so they could simply refuse to trade with each other if the political differences got the better of them. They are also not close to one another which means that trade is actually quite difficult to achieve which if the oil crisis worsens could mean less trade amongst