Emerging Markets and the Global Environment Flashcards
1
Q
What is an emerging market?
A
Developing countries that are achieving a rapid growth/industrialisation - becoming ‘developed’
2
Q
What are the BRIC economies?
A
Brazil Large populations. Large markets.
Russia
India
Chinia
3
Q
What are the TIGER economies?
A
South Korea, Taiwan, Hong Kong, Singapore
4
Q
Factors to consider when importing/exporting/relocating
A
- increased capital movement
- customers, disposable incomes
- competition
- labour costs/skills and availability
- knowledge easier to get - internet
- land
- politics
- infastructure
- exchange rates
- customs, law, cultures
5
Q
Exemplar definition of an emerging market?
A
An emerging market is a developing economy experiencing faster economic growth than developed economies but with less-developed infrastructure.
