BRICS Innovation Ecosystem

EMEs are characterized as transitional, meaning they are in the process of moving from a closed economy with underdeveloped legal regimes and complex cultural traditions to an open market economy with higher per capita income while building accountability within the system.

Features of Emerging Markets

Leaders of emerging markets are willing to undertake the rapid change to a more industrialized economy to create a better quality of life for their people. Therefore, these markets are rapidly industrializing and adopting a free market or mixed economy.

Some developing countries are characterized by  high volatility led by rapid social change.

The capital markets are often less mature and don't have a solid track record of foreign direct investment.

Successful rapid growth markets provide higher-than-average return for investors.