EMERGING MARKETSAn emerging market is a country that has characteristics of a developed market but is not yet a developed market. It could be a nation with business or many commercial activities in the process of rapid growth and industrialization. The eight largest emerging and developing economies in terms of inflation-adjusted GDP are the BRIC countries (Brazil, Russia, India and China) and also the MINT (Mexico, Indonesia, Nigeria and Turkey). ("Emerging Economies and the Transformation of International Business" By Subhash Chandra Jain, Edward Elgar Publishing, 2006 p.384) ECONOMIC IMPORTANCE OF EMERGING MARKETS Emerging markets play a huge and important role in our economy Every emerging market is very important as single country, but ultimately it is the combined effect of all countries put together that will have a greater impact on the economy. Not all countries and all countries that succeed in entering the emerging market must have or meet certain criteria and qualifications to identify BEMs (Large Emerging Markets (1997 Jeffrey E. Garten “New York Times. Chapter 1) certain criteria must be met criteria. They must have large populations, large resources, large markets and be powers in their regions. China, India and Indonesia are three of the four most populous countries in the world, each of them, including Brazil, has large areas of territory and is part of them. of BRIC(S) which stands for Brazil Russia India China South Africa. If ten large countries become economically successful, their progress or achievements will spread to neighboring countries. When they go through a crisis, just as they can help neighboring countries to progress, so they can take them down when they experience an echo... middle of paper... which has grown rapidly over the years, and has now reached a point where some investors are getting money out of them. It is estimated and calculated that in a few years CIVETS will be exactly like BRICS was when it was still successful and up and running. SOUTH AFRICA WILL STRENGTHEN ECONOMIC TIES IN AFRICA other African countries. Most African countries have their own natural product or commodity that they could have used to make better finished products to distribute around the world. For example, South Africa had a lot of gold. They could have trained people to make jewelry. Some African countries have oil, which could have been distributed. If South Africa chose to strengthen ties with other African countries, we would benefit more and save a lot of resources and time.