Jakovljevic Mihajlo, Groot Wim & Souliotis Kyriakos Abstract: Over the course or early decades of twenty-first century, global economic growth has been driven largely by developing world economies. Those characterized with strong and sustainable real GPD growth were characterized by the Brookings Institute, Goldman Sachs and leading multilateral agencies as “Emerging“ Markets led by so-called BRICS (Brazil, Russia, India, China,…
