Emerging markets
ANALYSE THE IMPACT(S) OF THE RISE OF EMERGING MARKETS ON THE WORLD ECONOMY.
In the 70s and 80s the terms such as ‘Third World, Lesser Developed Countries (LDC) or under-developed countries’ was used to what has now become the Emerging Markets which are the boosters in the world economy recovery (http://www.pearsoned.co.uk/bookshop/article.asp?item=361). In 1981 the World Bank redefined countries like such as the emerging markets. These economies would have a low to middle per capita and by 2001 Jim O’Neill of Golden Sach coined these countries as BRIC which included Brazil, Russia, India and China. However the growth of these countries has slowed for various reasons, so Jim O’Neill added another four countries to the emerging market. MINT which includes Mexico, Indonesia, Nigeria and Turkey are now the emerging economic giants. In 2005 Golden Sach added further eleven countries to the emerging economies. These eleven would become the next level of the emerging markets. The following would analyse the impact that the rise of the emerging market has on the world economy.
With what the press describe as the ‘fiscal cliff’ for the world’s biggest economy, America, will that have an impact on the performance of the whole world economy?
The recent figures from IMF projected the growth of 2.9% for 2013 for the world economy this was a 0.3% decrease from 2012 recorded growth of 3.2%. So the world economy overall is growing but is it mainly due to the emerging markets? Over the years it has proven that the emerging markets are impacting the world economy as the World Economic Outlook even states that the drivers of growth have shifted. Rumours are that the biggest emerging economy BRIC has gone into maturation. With all its four countries seen a big growth for the past 20 years it has now slowed down. However in the past 20 years the changes in these countries have impacted the global economy, India and Chine only accounted for less than 5% of the world
In the 70s and 80s the terms such as ‘Third World, Lesser Developed Countries (LDC) or under-developed countries’ was used to what has now become the Emerging Markets which are the boosters in the world economy recovery (http://www.pearsoned.co.uk/bookshop/article.asp?item=361). In 1981 the World Bank redefined countries like such as the emerging markets. These economies would have a low to middle per capita and by 2001 Jim O’Neill of Golden Sach coined these countries as BRIC which included Brazil, Russia, India and China. However the growth of these countries has slowed for various reasons, so Jim O’Neill added another four countries to the emerging market. MINT which includes Mexico, Indonesia, Nigeria and Turkey are now the emerging economic giants. In 2005 Golden Sach added further eleven countries to the emerging economies. These eleven would become the next level of the emerging markets. The following would analyse the impact that the rise of the emerging market has on the world economy.
With what the press describe as the ‘fiscal cliff’ for the world’s biggest economy, America, will that have an impact on the performance of the whole world economy?
The recent figures from IMF projected the growth of 2.9% for 2013 for the world economy this was a 0.3% decrease from 2012 recorded growth of 3.2%. So the world economy overall is growing but is it mainly due to the emerging markets? Over the years it has proven that the emerging markets are impacting the world economy as the World Economic Outlook even states that the drivers of growth have shifted. Rumours are that the biggest emerging economy BRIC has gone into maturation. With all its four countries seen a big growth for the past 20 years it has now slowed down. However in the past 20 years the changes in these countries have impacted the global economy, India and Chine only accounted for less than 5% of the world