Employing the multiple criteria decision making methodology to in-depth discuss the potential of South Africa through the evaluation of ten economies

摘要

This research objectively employs the creative cluster grey relation analysis (C-GRA) to induce macroeconomic performance evaluation model (C-GRA MPEM) that is the result from the integration of the Grey Relation Analysis (GRA) and the Grey Cluster Analysis (GCA) to in-depth discuss the potential of South Africa through the evaluation of ten economies. The cross-analytic methodologies were integrated in order to add the assessable sensitivity of the performance evaluation model in an expounded macroeconomic performance study that discusses if South Africa has earned to be a member of BRIC by cross-analyzing ten macroeconomic indicators of eleven economies from a quantitative research perspective. The evaluated result distinctly indicates that South Africa has not only grown enough economically to be a member of BRIC but has also played a decisive role as a rapid growth driver in the global economy.