Emerging markets are "key
swing factor" in the future growth of world trade and global
financial stability, and they will become critical players in global
politics. They have a huge untapped potential and they are determined
to undertake domestic reforms to support sustainable economic growth.
If they can maintain political stability and succeed with their
structural reforms, their future is promising.
An emerging market describes the type of business and market activity
that prevails in an industrializing or emerging region of the world.
The term was first used in the 1980's by the World Bank to describe
those countries that are in a transiting from being developing countries
to the developed country status. However, one should remember that
it is a business phenomenon that is not fully described by or constrained
by geography or economic strength. Examples of emerging markets
include China, India and many of the South East Asian countries.
Eastern Europe and parts of Africa and Latin America can also be
described as emerging. |
