What is the significance of the BRIC and CIVETS economies?
A)These economies will have the most opportunity for profitability in 5 years.
B)These economies have the most lax regulations and, therefore, are the easiest markets for firms to enter.
C)These economies will allow more and more consumers to join the middle class.
D)These economies are not significant for firms.

Question

Quizplus · Accepted Answer

The significance of the BRIC (Brazil, Russia, India, China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa) economies is that they are expected to allow more and more consumers to join the middle class. This presents a significant opportunity for firms operating in these markets as it could lead to increased demand for their products and services.

What Is the Significance of the BRIC and CIVETS Economies