Brazil, Russia, India, China, and South Africa, also known as BRICS, are emerging countries poised to be dominant economic players in the 21st century. What are some of the political, legal and economic conditions that help or hinder economic expansion for these countries?
Major challenges are wars and conflicts, reduced investments and reduced trade is hindering the economic development.
Explanation:
The BRICS economy is in the major economy in the world. It has an economy of manufacturing, services, and raw materials. The contribution of the BRCS economy is bout 30% of the world economy as of 2014.
