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Analysis examines emerging markets impacting global power, indicating rapid growth in developing countries.
Over the last decade, a major shift has taken place in the balance of global power in favour of emerging markets. This is especially true of the BRICS (Brazil, Russia, India, China and South Africa) countries. The developing world, and in particular the global South, has experienced an economic boom that is generating rapid growth, prosperity and increasing confidence in those countries.
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Human Sciences Research Council (2025) studied this question.
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