ABSTRACT
Emerging economies in rapid-growth countries with rising per-capita incomes use economic liberalization as the primary mechanism for growth. As an upper-middle-income country, Brazil has characteristics of high-income countries, including a diverse economy, high literacy rate, skilled workforce, and global economic integration. With upper-middle-income status, Russia experiences a high level of integration into the global economy. With growing global influence, India advocates for developing countries with its interests in agriculture, auto components, banking, and technology. During the first two decades of this century, China had the world's fastest-growing economy. In the mid-1990s, South Africa transitioned to democracy and improved the well-being of its citizens.
