Emerging markets - Wikipedia, the free encyclopedia

Emerging markets

From Wikipedia, the free encyclopedia

  (Redirected from Emerging market)
Jump to: navigation, search

The term Emerging markets is used to describe a nation's social or business activity in the process of rapid growth and industrialization. Currently, there are approximately 28 emerging markets in the world, with the economy of China considered to be the largest.[1] According to The Economist many people find the term dated, but a new term has yet to gain much traction.[2]

Contents

[edit] Terminology

Originally brought into fashion in the 1980s by then World Bank economist Antoine van Agtmael,[3] the term is sometimes loosely used as a replacement for emerging economies, but really signifies a business phenomenon that is not fully described by or constrained to geography or economic strength; such countries are considered to be in a transitional phase between developing and developed status. Examples of emerging markets include China,[4] India, Pakistan, Mexico, Brazil [5], Peru, Chile, Colombia, Argentina, much of Southeast Asia, countries in Eastern Europe, the Middle East, parts of Africa and Latin America. Emphasizing the fluid nature of the category, political scientist Ian Bremmer defines an emerging market as "a country where politics matters at least as much as economics to the markets."[6]

The research on emerging markets is diffused within management literature. While researchers including C. K. Prahalad, George Haley, Hernando de Soto, Usha Haley, and several professors from Harvard Business School and Yale School of Management have described activity in countries such as India and China, how a market emerges is little understood.

In the 2008 Emerging Economy Report [7] the Center for Knowledge Societies defines Emerging Economies as those "regions of the world that are experiencing rapid informationalization under conditions of limited or partial industrialization." It appears that emerging markets lie at the intersection of non-traditional user behavior, the rise of new user groups and community adoption of products and services, and innovations in product technologies and platforms.

The term "rapidly developing economies" is now being used to denote emerging markets such as The United Arab Emirates, Chile and Malaysia that are undergoing rapid growth.

In recent years, new terms have emerged to describe the largest developing countries such as BRIC and BRIMC that stand for Brazil, Russia, India, Mexico, and China. These countries do not share any common agenda, but some experts believe that they are enjoying an increasing role in the world economy and on political platforms.

A large number of research works are in progress at leading universities and business schools to study and understand various aspects of Emerging Markets.

[edit] MSCI list

It is difficult to make an exact list of emerging (or developed) markets; the best guides tend to be investment information sources like ISI Emerging Markets and The Economist or market index makers (such as Morgan Stanley Capital International). These sources are well-informed, but the nature of investment information sources leads to two potential problems. One is an element of historicity; markets may be maintained in an index for continuity, even if the countries have since developed past the emerging market phase. Possible examples of this are South Korea, Taiwan and Israel. A second is the simplification inherent in making an index; small countries, or countries with limited market liquidity are often not considered, with their larger neighbours considered an appropriate stand-in.

The Big Emerging Market (BEM) economies are Brazil, China, Egypt, India, Indonesia, Mexico, Poland, Philippines, Russia, South Africa, South Korea and Turkey.[8]

Newly industrialized countries are emerging markets whose economies have not yet reached first world status but have, in a macroeconomic sense, outpaced their developing counterparts.

As of June 2006, the Morgan Stanley Emerging Markets Index included:[9]

The list tracked by The Economist is the same, except with Hong Kong, Singapore and Saudi Arabia included (MSCI classifies the first two as Developed Markets)

[edit] FTSE Global Equity Index

FTSE classification, as of September 2008 emerging markets list:[11]


Advanced Emerging:  Brazil,  Hungary,  Mexico,  Poland,  South Africa,  Taiwan[12].


Secondary Emerging:  Argentina[13],  Chile,  China,  Colombia[14],  Czech Republic,  Egypt,  India,  Indonesia,  Malaysia,  Morocco,  Pakistan,  Peru,  Philippines,  Russia,  Thailand,  Turkey.

[edit] See also

[edit] References

  1. ^ "Emerging Economies and the Transformation of International Business" By Subhash Chandra Jain. Edward Elgar Publishing, 2006 p.384
  2. ^ "Acronyms BRIC out all over", The Economist (September 18, 2008).  Retrieved on September 21, 2008.
  3. ^ FT.com / Columnists / John Authers - The Long View: How adventurous are emerging markets?
  4. ^ Five Years of China’s WTO Membership. EU and US Perspectives on China’s Compliance with Transparency Commitments and the Transitional Review Mechanism, Legal Issues of Economic Integration, Kluwer Law International, Volume 33, Number 3, pp. 263-304, 2006. by Paolo Farah
  5. ^ Alternative Stock Library / Looking for Escape? Go Brazil!
  6. ^ [1]
  7. ^ Emerging Economy Report
  8. ^ Yale University Library: Emerging Markets - The Big Ten Countries
  9. ^ Morgan Stanley Emerging Markets Index MSCI Emerging Markets. Retrieved on 2008-09-19.
  10. ^ http://www.mscibarra.com/products/indice/licd/em.html
  11. ^ See FTSE Country Classification, September 2008
  12. ^ Possible change to Developed.
  13. ^ Possible change to Frontier.
  14. ^ Possible change to Frontier.

[edit] Sources

[edit] External links

v • d • e
Power in international relations
Types of power
Types of power status
Geopolitics
Theory and history
Organizations and groups
G8  · G8+5 · G-20 · G77 · BRIC · Next Eleven · SCO · NATO · CSTO  · ANZUS

Olsztyn: 16-latka śmiertelnie zatruła się czadem
Szesnastoletnia dziewczyna śmiertelnie zatruła się czadem. Dwie osoby, które były z nią w mieszkaniu nie ucierpiały - poinformowała Małgorzata Szmidt-Jeżewska, rzecznik prasowa warmińsko-mazurskiej straży pożarnej.
Izrael ma nadzieję na owocne rozmowy z Egiptem
Izrael wyraził nadzieję, że rozmowy z Egiptem na temat sytuacji w Strefie Gazy stworzą warunki, które pozwolą Izraelowi "zakończyć operację militarną".
Irak wzywa do odwetu za Strefę Gazy
Radykalny duchowny Muktada as-Sadr wezwał iracki ruch oporu do przeprowadzenia "operacji odwetowych" przeciwko siłom amerykańskim w Iraku, aby zaprotestować w ten sposób przeciw izraelskiej ofensywie w Strefie Gazy.
Tragiczny bilans wojny w Strefie Gazy
Co najmniej 702 Palestyńczyków zginęło, a 3100 zostało rannych podczas izraelskiej ofensywy w Strefie Gazy - podał szef służb ratowniczych.
Posłowie za rozszerzeniem uprawnień "speckomisji"
Za umożliwieniem sejmowej "speckomisji" dostępu do dokumentów i materiałów uzyskanych przez służby specjalne opowiedzieli się w środę, podczas debaty w Sejmie nad projektem zmian w regulaminie izby, posłowie ze wszystkich klubów parlamentarnych.
906 niezarejestrowana strona brak hosta wymiana linkow 906