The Brics are leapfrog economies. China is a good historical example of leapfrog economic development. The low level of physical telephone lines and services made for a much faster uptake of the new mobile services. This allowed China to skip or leapfrog a generation of telephony development and move quickly to exploit the opportunities offered by cell phones.
The largest and fastest-growing market in the world is the Brics group, which has expanded to include Indonesia for a total of 10 member economies. The legacy economies in the US and Europe are stuttering along, some with near-zero economic growth.
The legacy economies remain an important part of any export and growth plan, but they are no longer the most profitable markets. Tariffs and sanctions make them less attractive.
