Russia and Brazil are considered developing markets. They have made great strides towards attaining economic and social prosperity compared to other developing countries. A key feature of their development is encompassed growth of democratic space and thriving economic environment. My thesis is that although both Russia and Brazil are still considered developing countries, they have made great strides in democratic and economic development.
The current politics in Russia are greatly influenced by the Monarchs, a clear fact that has also affected its economic bearing. The government privatization policies in 1991 to fully reach privatization of its commercial and service sectors by 1994 affected its growth. There were subsequent strikes against privatization due to the hard living conditions that surpassed. The delay in its payment of debts also clearly evidenced a struggle in the economic fronts (Sodaro, 2007).