Official Answer Key & Detailed Solution
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Correct Answer: Option (D) — 1, 2 and 3
Concept & Option Breakdown
Standard Reference VerifiedAccording to the United Nations Conference on Trade and Development (UNCTAD), Brazil, Mexico, and South Africa are all classified as emerging economies due to their rapid economic growth, industrial expansion, large domestic markets, and growing integration into global trade.
- Brazil: A founding member of BRICS with strong industrial, agricultural, and natural resource bases.
- Mexico: An industrialized emerging economy with extensive trade integration via NAFTA/USMCA.
- South Africa: The prominent African economy in BRICS with a sophisticated financial and manufacturing sector.
UNCTAD typically includes major developing powerhouses from Latin America, Africa, and Asia (like BRICS and MINT countries) in its emerging economies list.
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