India, China And South Africa

The process of integration of economies around the world, known as globalisation, has catalysed the development of Brazil as a powerful emerging economy, through the expansion of trade and investment. Emerging countries are defined as those progressing toward becoming more advanced, through rapid growth and industrialisation. Consequently, Brazil’s rapid economic growth has secured its place in BRICS, an association of five major emerging economies, Brazil, Russia, India, China, and South Africa.

Asia today is mostly associated with countries like China, Korea and Japan. Mongolia only comes up if one thinks deeply about the various countries in Asia. However, that could have been very different. The Yuan Dynasty of Mongolia, in the 13th and 14th centuries, was the largest empire in the world at the time, encompassing the entirety of Central Asia, parts of Arabia, the Caucasus and parts of Poland. However, when the Yuan Mongols attempted to take all of Asia, they were beaten back by the powers that had not yet fallen, such as Dai Viet, Champa and Japan. These military expeditions without fruition drained the Mongol treasury, eventually leading to internal strife that reduced the Mongols to an area roughly within

The two authors argue the main issue that India is continuing to face are due to the lack of concern for citizens especially for the poor citizens and women. Dreze and Sen proceed into their work as they continue to portray the way in which the citizens of India were being oppressed by the new economic and political policies. One of the issues Dreze and Sen use as an example of how India rapid economic growth is problematic is the countries lack to foster participation for economic growth. The lack of inclusion in economic growth leads to a wealth disparity between the citizens. The authors continue on depicting several other issues another one being the lack of enhancement to the standard of living despite generating economic growth from the use of public goods. The standards of living are a huge issue with India as it signals there is a large disparity within wealth. Dreze and Sen continue to document the lack of social and living standards especially in the case of education, medical care, and physical services like clean water, electricity, drainage, and sanitation. The authors proceed to make note how without a development of a social structure within India high economic growth can harm the citizens and ultimately neglect civil, political, and social rights. Dreze and Sen then

Globalization has been an integral part of India’s progress. It has opened up new avenues for growth.

Cambodia, the Democratic Republic of the Congo, and Jamaica are countries that gained independence from European powers after World War II. Though located in different regions of the world, and colonized by different European powers, these countries experienced social unrest and economic challenges that remain. Key to understanding these countries is understanding their histories and struggles, which continue to have significant impact on conditions within these countries today.

China and India share many identities. They are two of the oldest civilizations. Both countries have a complicated relationship with the West because of imperialism. Currently, China has the largest population at around 1.4 billion people. India’s population is likely to succeed China in the coming future. The enormous labor force of China and India has allowed them to

The BRICS as developing countries have more recently industrialized than developed ones, however they are considered to be emerging economically at a very fast rate along with having a growing impact and weight on the international scale. Nevertheless, those countries are highly vulnerable and affected by poverty and inequalities, jeopardizing their capacity to have some sort of control in global institutions (Miles Kahler, 2013, page 721). Some of the most important issues developing countries encounter, slowing down their growths are related to poverty along with inequality. This is the reason why certain worldwide institutions such as the World Bank set objectives, in an attempt to lift people out of poverty and decrease inequalities among

In Jim O’Neil’s 2001 paper Building Better Economic BRICs, he, for the first time, illustrates how eventually, the BRIC countries (Brazil, Russia, India and China) will overtake the G7 economies as the world’s largest economies. Now, while India, in particular, is quickly becoming a major wold economy, they most closely resemble pre-industrial revolution Britain and still have some issues to work out before they can exit the third world. Therefore, by looking back in time, India can learn a great deal from the lessons provided by Britain as they entered the Industrial Revolution.

India so called as democratic country struggling to become a developed country has got a vast

The United States and India are both democratic nations that historically have had racial divisions and apartheid, which is apparent in the social, political and economic developments of the two countries. These racial divisions and apartheid have directly impacted the development of the nations, thus shaping the way the current day states and its people function. Apartheid is a “policy of racial segregation and economic discrimination against non-European”. (Merriam-Webster, 2014) This definition of apartheid is quite relatable in impacting the cases of political, social and economic growth. For example, in the Unites States, the arrival of the European colonists caused there to be discrimination against the Native Americans. Thus segregating them, resulting in the remaining population becoming raped, killed, diseased and forced to migrate to the West. These historical events have indirectly impacted the social development of the Native American population as a whole. Present day Native Americans have developed their societies through these divisions. They are still discriminated against and in some cases, a specific one being of the lack of education funds provided for Native American schools amongst the nation. With there being “The federal government is responsible for 183 native American schools across 23 states” and in ensuring an equalitarian learning system. (Mic, 2014) But so far has not yet done so. Social issues amongst Native American school equality

Over the years the global economy has seen a rise in so called ‘emerging markets’. These are developing economies which have exceeded economic performance in respect to their developing counterparts. These economies are newly industrialized and are on their way to becoming developed economies but have not yet reached that status. The more common and likely heard developing economies consists of BRIC (Brazil, Russia, India, and China) followed by Mexico, South Korea, Turkey, Saudi Arabia, and Indonesia. Developed nations (MEDC) include the westernised countries such as the U.S, the U.K and Japan. In 1999, Dr. Kvint published this definition: "Emerging market country is a society transitioning from a dictatorship to a free-market-oriented-economy, with increasing economic freedom, gradual integration with the Global Marketplace and with other members of the GEM (Global Emerging Market), an expanding middle class, improving standards of living, social stability and tolerance, as well as an increase in cooperation with multilateral institutions" This essay will locate the common characteristics that emerging markets share.

According to latest MSCI Emerging Market Index, there are 24 emerging market in the world, including China, India, Brazil, Russia and South Africa – also called the BRICS countries. According to the World Bank, in 2013, the total GDP of BRICS countries was $15.8 trillion, putting the BRICS in the third place after EU ($17.3 trillion) and US ($16.8 trillion). Therefore, without going into the detail GDP of other developed and emerging economies, it can be inferred that the importance of emerging countries in the global economy has been increasing over time. In view of the increased significance of these economies, the current study is expected to provide some additional light in the area of the legitimacy of multinational companies in emerging economies.

China, South Korea and Japan are three countries which represent successful policies in reversing their economy from central to advanced in a short period of time. These countries are smaller pieces of a puzzle and they compete with the rest of Asia by forming a strong picture. After participating in wars like WWII and the Korean War, China, South Korea, and Japan make a very powerful triangular force that stands for change and the development of a new policy in economy, society and governments. The transformation of these countries to the open world context has several reasons that consist to: transform the financial system to an open economy, shut down a very large number of loss making state enterprises, and strengthen the weak position of government.

Governments are designed to serve the people. Government are uniquely build upon the cultural, traditional, political, sociological, etc background of the country. Each one one keeping in mind that people have their own perspective of a government. That they each envision a benefiting system for the population. Therefore regimes such as the parliamentary regime, presidential regime, semi presidential regime, bicameral regime, and unicameral regime exist.

There are many significant change in the world economy occurred, marked by globalization each country has different speed of development under different political and cultural background. During this period, Such as the United States of America 's economic status from the rapid development to the decline, then move to the current stable trend. Brazil, Russia, India, China, which named ‘BRCIS’ those developing countries’ economic performances are very catch the attention in recent years. The decline and rise of these countries ' commercial economy are closely related to their political culture. Therefore, it attracted the attention of scholars and research circles.