Consider the following countries:
1. Brazil
2. Mexico
3. South Africa
According to UNCTAD, which of the above

Question

Consider the following countries:
1. Brazil
2. Mexico
3. South Africa
According to UNCTAD, which of the above is/are categorized as “Emerging Economies”?

Accepted Answer

All three countries – Brazil, Mexico, and South Africa – are consistently categorized as "Emerging Economies" by UNCTAD and other international financial institutions.

1.  Brazil is a prominent member of the BRICS group, which is a prime example of emerging economies.
2.  Mexico is a significant economy in Latin America, often grouped with other large developing economies and is a G20 member.
3.  South Africa is also a BRICS member and the largest economy in Africa, clearly an emerging market.

Emerging economies are generally characterized by rapid growth, industrialization, increasing integration into the global economy, and a transition from developing to developed status. All three countries fit this description. Therefore, D is the correct answer.

Answer

1 only

Answer

1 and 3 only

Answer

2 and 3 only

Answer

1, 2 and 3

Consider the following countries: 1. Brazil 2. Mexico 3. South Africa According to UNCTAD, which of the above is/are categorized as “Emerging Economies”?

Explanation

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