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Advanced Economies and Emerging Markets by Rajabahadur V. Arcot, Harry Xia, Carlos Frota, José Alves, Marcus Goncalves

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CHAPTER 2

The Counter-Influence of Emerging Markets across the Globe

Overview

The emerging markets have been the source of global economic growth for quite some time now, with far-reaching effects to the rest of the world, in particular to advanced economies. It is not news that emerging markets have become the sweethearts of the financial press and a favorite talking point of governments, foreign trade advisors, and corporations worldwide. Although these markets were best known in the past as a commodity paradise, or the place to go for natural resources, cheap labor, or low manufacturing costs, emerging markets today are positioned for growth. Rapid population development, growing middle-class, and sustained economic development are making ...

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