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Building BRICS

One expert on emerging markets believes this will happen, with the BRICS nations – Brazil, Russia, India, China and South Africa – extending invitations to Indonesia and Turkey to join the club, as it expands its footprint into new regions.

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Nigeria and Indonesia: A socio-economic analysis

Indeed, the August 2012 edition of Globe Asia, Indonesia’s No. 1 Business magazine, listed 100 Top Indonesia-based companies whose 2011 revenues have helped to insulate Indonesia from the global economic crisis. The magazine stated in its intro: “Flushed with cash, Indonesian corporations are expanding on an unprecedented scale. With an economy growing at above 6% per annum despite the global economic slowdown, corporate earnings have been growing at 20% per annum over the past three years.”

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Africa’s Emerging Trade Partners

In December of 2010, South Africa was officially invited to join Brazil, Russia, India and China as a member of the BRIC economic block.  These countries are all emerging economic powers that are predicted to become more prominent over the next few decades.

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