Emerging Economies Flashcards
1
Q
What is an emerging market?
A
An emerging market describes a country with low incomes per head but one which is enjoying high rates of economic growth
2
Q
What is economic growth?
A
Economic growth is the rate of increase in the size of an economy over time
3
Q
What are the BRIC countries?
A
The BRIC countries are Brazil, Russia, India and China and are often referred to as prime examples of emerging markets
4
Q
What is a multinational business?
A
A multinational business is one that has production capacity in more than one country
5
Q
What is the importance of emerging economies for businesses?
A
Attractive low-costs locations for production facilities
- enormous labour resources
- large markets
- rapid growth rates
- natural resources
6
Q
What are the risks of emerging economies?
A
- economic risks and inflation
- political risks
- risks to brand or corporate image
