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The type of growth that is happening in BEMs today is analogous to what happened in

a) Saudi Arabia in the 1800s.
b) India during the rule of the British Empire.
c) Russia after the fall of the Czar.
d) Europe after World War II.
e) Iraq between 1890 and 1990.

User Bschaeffer
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Final answer:

The type of growth in BRICS economies is akin to historical economic expansions seen in Europe post-WWII and Russia post-Czar, characterized by technological advancements, market integration, and privatization.

Step-by-step explanation:

The growth seen in BRICS economies today is analogous to historical periods of rapid economic expansion and industrial growth in various countries. One example is the economic growth in Spain during the 1960s which was powered by imported technology, government funding, and increased tourism and industrialization. Similarly, Italy reported peak annual GDP growth rates in the early 1960s, and France also experienced a surge in economic activity post-war.

The growth pattern in the post-Cold War era includes the privatization of state enterprises, integration into the global market, increased foreign investment, and reduced tariffs which are part of the globalization trends. In comparison, Russia after the fall of the Czar experienced tumultuous times which eventually led to the establishment of the USSR. After the dissolution of the Soviet Union, the emergence of a Russian style of capitalism as well as the export of natural resources such as oil and natural gas resulted in economic recovery in the 1990s. The dynamic growth observed in various European countries, post-war Japan and West Germany, and modern BRICS nations, features the integration into world markets, technological advancements, and a shift to market-oriented economies.

User TurboFish
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