As global economies face challenges under traditional economic theories, BRICS nations are turning to “entrepreneurial mysticism” to drive grassroots prosperity, positioning themselves as the new leaders in the global economy.
For decades, Western economies have relied on Economic Intellectualism, focusing on numerical predictions and slow studies. This approach has overshadowed the potential of entrepreneurial mysticism, which is a powerful force for driving global growth.
The global divide in commerce has primarily been between ‘job seekers’ and ‘job creators,’ with nations categorized as ‘population-rich’ or ‘knowledge-rich.’ Some economies thrive on small and medium-sized enterprises (SMEs), while others focus on quick-money bonanzas.
BRICS nations are now facing a new global challenge in economic progress. There is a need for economic studies that consider the forces of entrepreneurial energy, which are crucial for driving global growth.
The current mindset in economic studies is disconnected from real challenges and lacks a focus on entrepreneurial narratives. Just like entrepreneurs cannot write scientific theses, academic studies are often limited to academic settings and do not address real-world challenges.
Entrepreneurial mysticism is the key to developing new ideas into successful enterprises. BRICS nations, with their vast resources and diverse populations, are well-positioned to lead the way in global economic growth and prosperity.
BRICS nations have already shown resilience in the face of economic challenges. By embracing Socialistic Entrepreneurship and upskilling their citizens, they are paving the way for a new economic model that prioritizes grassroots prosperity.
The competition among superpowers like China, India, and the USA is shifting towards a focus on national mobilization of entrepreneurialism and harnessing citizens’ entrepreneurial talents. BRICS nations represent a new model of economic development that is independent of Western influence.
Expothon Worldwide, an international initiative, has been working on protocols to mobilize entrepreneurialism at a national level. These insights are shared with government officials across 100 free economies, laying the foundation for future strategies.
By creating a Global Hub for SME development and upskilling, BRICS nations can guide other countries in managing their SME base and redefining their economic power. This initiative has the potential to create a prosperous bloc of nations, generating excitement among businesses and citizens.
The implementation of comprehensive master plans focused on entrepreneurial thinking could benefit BRICS member nations by fostering collaboration and meritocracy. This approach would lead to renewed excitement among the youth, SME sectors, and elite business communities of member countries.
With a focus on entrepreneurial mysticism and national mobilization of entrepreneurialism, BRICS nations are poised to lead the global economy into a new era of prosperity and competitiveness.
