Should South Africa Stay with BRICS and CIVETS or Focus...

â€Å"South Africa needs to look beyond BRIC(S) markets and emerging CIVET(S) markets and rather focus on Africa† Extended writing task–Grade 11 South Africa is currently part of BRICS and CIVETS emerging markets, and none in Africa. In me essay I’ll be discussing whether South Africa should stay with these emerging markets or rather focus on Africa. BRICS (Brazil, Russia, India, China and South Africa) and CIVETS (Columbia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) are all examples of some of the emerging markets in the world. BRICS are the world’s largest emerging markets and CIVETS are the second largest emerging markets in the world. Emerging markets are also known as; emerging economies or developing countries. An emerging market is a term used to describe a country that is still developing. It is not yet developed but it is neither underdeveloped, it is in between. These countries have some characteristics that would classify them as developed, but they also have characteristics that would classify them as underdeveloped (not to be confused with ‘undeveloped’). Emerging markets are countries that offer a wealth opportunity in trade, technology transfers and foreign direct investment; they are restructuring their economies along market-orientated lines. Leaders of these developing countries wa nt to increase the living quality of their people. Therefore they are rapidly industrializing and adopting a free market or mixed economy. Emerging