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Advantage And Disadvantage Of Brics

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An emerging market is a nation with social or business activity in the process of rapid growth and industrialization.
Several of the world’s developing economies, often known to investors as emerging markets. These markets are rapidly growing into global centers of economic growth. This is mainly important since emerging economies are considered to be in the development stage. These “smaller” economies now add up to a major force.
The emerging markets comprise most or all of Africa, Eastern Europe, Latin America, Russia, the Middle East and Asia, excluding Japan. Some emerging economies are heavily needy on product exports while others have extensive service and manufacturing sectors. Therefore these markets are of importance to the developed …show more content…

When South Africa took up its seat as the fifth member of BRICS, exports grew to 16.8%, experiencing a growth of 29% by the end of that same year.
• South Africa is already attracting the attention of Chinese investors in certain key sectors, example the mining sector.
• South Africa´s hosting of the BRICS grouping of emerging market economies in 2013, and its growing stature as the newest member of that grouping, joining Brazil, Russia, India and of course China, is a tangible indicator of the growing interest in South Africa as a potential business investment destination with its endogenous factors.
• Developed world-standard financial, legal and accounting institutions mean corporate governance is of as high a standard in South Africa as in any other emerging market country.
• They also make the country a gateway to investment into the rest of Africa.
• BRICS has offered the ideal platform for South Africa to promote pet causes like United Nations …show more content…

One of Africa’s largest sources of investment, are South Africa’s commercial banks are conducive to the growth of financial service sectors in Africa. South Africa advocates the unity of developing countries and reform of global governance to safeguard the interests of the developing world.
The Benefits that a more intergraded approach in Africa would and the reasons for a lack of any significant co-operation with Africa:
For the decision for South Africa to join BRICS and CIVETS allows for further development and strengthening to be done in Africa
South Africa is positioning itself as the Gateway to Africa. It has promoted itself as an integral link to the African continent.
SA has positioned itself for BRIC and CIVET investment in South Africa’s to advance the economy, plus a base for further investment by the BRICS in the African continent.
The Republic also has institutional stability, historically strong financial markets, and successful managing that is good for foreign investors, for South Africa and the whole African

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This is all based on document A “ Partition of Africa, 1884-85”. The first point is that there were seven European countries taking parts of Africa and they were the British, French, German, Italian, Portuguese, Belgian, and the Spanish. These countries all took a part in this “taking” of Africa. And it was very dangerous for the African community because they were being taking over as if they were a useless community . But the two main countries of this “taking” were the British and French, and they both took about 70-75% of Africa and that is a ginormous number.

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During the period of imperialism in Africa all of the countries were competing for the title of being the richest and the strongest. In fact, the whole scramble for Africa was an opportunity for countries to enhance their overall economy. For example, King Leopold II of Belgium was determined to get the area of land so he can become more wealthy. France’s politicians thought that an overseas company would strengthen the country when it came to wealth, prestige, and power, so as a result they invested in land more toward the west and north-west. Britain wanted to protect their trading routes which required them to purchase land in East Africa, and they they soon discovered the rewards of the land so the were determined to obtain as much as possible.

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Several years ago, global economy has gone through a tough time, like financial crisis in year 2008. The economy is continuing recovering and growing. The economy of USA and other developed countries are moderately going up. It is attractive for foreign investors. The USA has found the potential markets are also emerging, such as China and India etc.

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Transparency International (2016) has ranked the nation #8 in the world in its Corruption Perception Index, showcasing a low amount of corruption. Furthermore, the country is ‘the most globalised’ in the world, with a score of 92.84 in the KOF Globalisation index (ETH Zurich, 2017). This signals a high degree of political openness to global economic, social and political integration. Likewise, The Heritage Foundation states that “Openness to global trade and investment is well established, and the overall regulatory environment remains transparent and efficient.” (Index of Economic Freedom, 2017).

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Nations engage in international trade because they benefit from doing so. The gains from trade arise because trade allows countries to specialise their production in a way that allocates all resources to their most productive use. Trade plays an important role in achieving this allocation because it frees each and every country’s residents from having to consume goods in the same time combination in which the domestic economy can produce them. During the past decade, China’s growing presence in Africa has increasingly become a topic for debate in the international system and among economists as well as policy analysts.

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The African Union has succeeded in developing cooperation and unity inside Africa as a whole, taking into consideration its efforts towards reducing conflict and improving democracy. The African continent is working towards not only in peace as well as security, but is also blooming in areas such as culture; education; trade both in and out the African continent and continuing to place importance on the growth and empowerment of women. It is dedicated to giving strength to people centred within the Union through active communication of the programmes of the African Union, the branding of the Union and engagement of Member States and other stakeholders in defining and performing the African agenda. The African Union works hand in hand with leaders and diplomatic heads from the United States of America, European Union. It gets aid from other countries around the world to deliver on its promises of peace and health for all African citizens which so far has been

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