emerging markets

emerging markets

1. what are they : regional economic powerhouses with large populations, large resource bases and large markets.

2. transitional societies: undertaking domestic political and economic reforms.

   • aims to catch up to global economies . they attemot to change their basic constitutional elements towards market-style fundamentals
     • need to have a certain pattern of governance
       • combined characteristics make them attractive

3. BRICs(established in 2001) - brazil russia india china (south africa)

   • globalisation is beleived to be good so other economies can catch up with western economies.
   • their economic activity surpasses that of high income country