These nations have limited supply of resources and the price of this commodity has dwindled. The nations should not worry about the ways to focus on other resource development to combat this issue. China growth has also been effectively stunted in 2017. Almost a deep recession in the nation causes people to worry about the alternative resources. In China, institutional weakness and a spreading of social unrest are evident in the nation. The growth targets have not been reached. Political tensions between China and Pakistan and internal corruption cause the nation to face a lot of issues.
In these nations, India grows more progressively. There is a closer political cooperation. The relationship with the UN Security Council reform has benefitted the state. These entire BRICS nations are not able to post growth owing to the internal issues and the political tensions in the world. In spite of these allusions, the size, availability of resources and the youthful population of the state should to be factored. It cannot be stated with certainty that the BRICS nation will not post growth. The decline of the US growth rate and the confidence in the European nation should be factored in this schema
These do not mean that the BRICS nations are declining. A number of features continue to show that they have the potential for world dominance. The BRICS consumers are found to rival their American counterparts. The slower growth does not impede the purchase habits of the BRICS consumer. People in these nations rival the purchasing power of the American or European counterparts (Cohn, 2015). This level of industrialization could reduce the sales of the products once a threshold point has been reached.