An emerging, or developing, market economy (EME) a term coined in 1981 by Antoine W. Van Agtmael of the International Finance Corporation of the World Bank. Countries whose economies fall into this category, varying from very big to very small, are usually considered emerging because of their developments and reforms. Hence, even though China is deemed one of the world's economic powerhouses, it is lumped into the category alongside much smaller economies with a great deal less resources. The unifying characteristic is that they have embarked on economic development and reform programs, and have begun to open up their markets and "emerge" onto the global scene. EMEs are considered to be fast growing economies.
Source: Investopedia
No comments:
Post a Comment