ABSTRACT

In recent years, terms such as “emerging power”, “rising power”, “emerging market”, “BRICS” (a grouping which contains Brazil, Russia, India, China, and South Africa), etc., have become conceptually interchangeable and have gained special attention as a thematic topic of research (Fonseca et al., 2016; Tank, 2012). The term “emerging power” is a broad and somewhat vague concept. It refers to those countries that are perceived to be in the process of increasing their share of global economic and political power comparatively faster than that of the rest. The implicit implication behind the concept is that emerging power is desirable and is optimistic in its development outlook.