Saturday, February 24, 2007
What is an emerging economy?
Emerging economy or emerging market economy is a term used to represent those countries which are currently beginning to "emerge" into the global scene and thus have an excellent potential in future. In other words, these are economies which had not been as well as the developed economies until recently, but have just about started doing well and could be doing much better in future
Some of the most familiar emerging economies are Brazil, India, Russia and China.
Some of the most familiar emerging economies are Brazil, India, Russia and China.
Labels: economy, emerging-economies
What is BRIC in the context of emerging economies?
BRIC is an acronym that refers to four countries - Brazil, Russia, India, China
These four countries are expected to do very well during the next few decades; so every business person is keenly watching what's happening in these countries and how they can benefit from them.
These four countries are expected to do very well during the next few decades; so every business person is keenly watching what's happening in these countries and how they can benefit from them.
Labels: economy, emerging-economies
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