Emerging Market Research Paper

INTRODUCTION
In the global economy some countries are growing faster than others while some are struggling. Emerging markets have a good example to other countries who are develop and to those who are not develop. By growing fast they encourage others countries which are struggling by giving the completion to compete against them. In South Africa we have a partnership with BRICS to move our growth forward. We still have Africa where we can work with them to change our continent because they need us since we are better country in Africa.

DEFINITION OF EMERGING MARKETS
According to Financial dictionary, “An emerging market economy describes a nation 's economy that is progressing toward becoming more advanced, usually by means of rapid growth

Emerging markets are growing at the fast rate compared to the develop world. Emerging market will be counted for half of world GDP on purchases power. (Philip, N/A )Develop world can start their businesses to them and they will get high return since they are growing at the fast rate.
2. They are producing many goods for cheaper. According to office of the US trade representative (United States Census, N/A) China is American second trade partner with 562 billion dollar in total goods traded. If they are producing many good it become cheaper and develop world will trade with them since it is cheaper to trade with

Their growth compere to BRIC countries is less and they have high unemployment rate like us. If South Africa work with BRICS countries will be better in the future since they are better than us. They are implementing new things which will help us to grow. Therefore we should seek partnership with BRIC not African countries and if we work with them we will also open doors for Africa. They will invest in Africa if we are partners but if we work with African we will not open doors for Africa countries to invest in BRIC. Although the exchange rate of some BRICS members is worse than Nigerian and Botswana but still their current account it great.

Conclusion
BRICS countries have help South Africa and they still helping them. Working with BRIC it good idea compere to work with African countries. We should seek more trade with better countries since we are not doing well. Our economy is struggling we need countries which will help us to grow. BRICS counties are example to all the countries in terms of growth. From this research it was clear that BRICS countries are moving forward the global growth and their growth it significance to global growth. They are implementing good policies which will the whole world not only BRICS