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An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. [1] This includes markets that may become developed markets in the future or were in the past. [ 2 ]
CIVETS is an acronym for six emerging market countries identified for their rapid economic development, namely Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa. [1] The term was coined in 2009 by Robert Ward of the Economist Intelligence Unit to describe nations demonstrating particularly strong growth potential.
Group of Two (G2): hypothetical and informal grouping between the United States and China, representing the countries with the two largest economies in the world EU's G6 - France, Germany, Italy, Poland, Spain, and the United Kingdom - countries with largest populations and thus the majority of votes in the Council of the European Union
By 2015, Goldman Sachs quietly closed down its BRIC fund after lost 88 percent of its asset value since 2010, instead channeling the fund into emerging markets countries. [7] Jim O'Neill, the inventor of the term "BRIC", was the former chief economist of Goldman Sachs and retired from the firm in 2013. [21]
The term pre-emerging markets is sometimes used as a synonym for "frontier markets", emphasizing the expectation that they will eventually "graduate" to "emerging market" status. [ 10 ] A 2021 analysis proposes the term emerged to describe markets, economies, or countries that have graduated from emerging market status, but have not yet reached ...
The United States population had some semi-unique advantages in that they were former British subjects, had high English literacy skills, for that period, including over 80% in New England, had stable institutions, with some minor American modifications, of courts, laws, right to vote, protection of property rights and in many cases personal ...
As its contagious effects began infecting other nations, the crisis became a precursor for the Great Recession. In the wake of the crisis, total volume of world trade in goods and services fell 10% from 2008 to 2009 and did not recover until 2011, with an increased concentration in emerging market countries.
Restructuring international trade was also central as a means to improve developing countries' terms of trade, such as by diversifying developing economies through industrialization, integrating developing countries economies into regional free trade blocs like the Caribbean Community, reducing developed-country tariffs and other obstacles to ...