{"id":32,"date":"2023-11-02T06:20:50","date_gmt":"2023-11-02T06:20:50","guid":{"rendered":"https:\/\/openbook.ums.edu.my\/internationalmanagement\/chapter\/the-shifting-balance-of-economic-power-in-the-global-economy\/"},"modified":"2024-09-18T01:42:09","modified_gmt":"2024-09-18T01:42:09","slug":"the-shifting-balance-of-economic-power-in-the-global-economy","status":"publish","type":"chapter","link":"https:\/\/openbook.ums.edu.my\/internationalmanagement\/chapter\/the-shifting-balance-of-economic-power-in-the-global-economy\/","title":{"raw":"Emerging Economies","rendered":"Emerging Economies"},"content":{"raw":"

Emerging Economies<\/h1>\r\n

An emerging market economy is the economy of a developing nation that is becoming more engaged with global markets as it grows. Countries classified as emerging market economies are those with some, but not all, of the characteristics of a developed market.<\/p>\r\n\r\n

<\/div>\r\n

Characteristics of developed markets may include strong economic growth, high per capita income, liquid equity and debt markets, accessibility by foreign investors, and a dependable regulatory system.<\/p>\r\n\r\n

<\/div>\r\n

As an emerging market economy develops, it typically becomes more integrated with the global economy. That means it can have increased\u00a0liquidity\u00a0in local debt and\u00a0equity markets, increased trade volume and\u00a0foreign direct investment. It can develop modern financial and regulatory institutions. Currently, some notable emerging market economies include India, Mexico, Russia, Pakistan, Saudi Arabia, China, and Brazil.<\/p>\r\n\r\n

<\/div>\r\n

Critically, an emerging market economy is transitioning from a low income, less developed, often pre-industrial economy towards a modern, industrial economy with a higher standard of living.<\/p>\r\n \r\n\r\n[caption id=\"attachment_31\" align=\"aligncenter\" width=\"647\"]\"\" Increasing demand of Meat Consumption per capital, Kilogram and Average 2010-12 (estimated)[\/caption]\r\n

\" Meat demand in emerging national economies is on the rise\"<\/a> by Heinrich Boell Foundation, Friends of the Earth Europe\u00a0is licensed under\u00a0CC BY-SA 3.0<\/a><\/p>\r\n

Worldwide meat production increased nearly 5 times in the second half of the 20th century, and the amount eaten per person doubled.\u00a0By 2050 meat consumption could increase by as much as another 160 percent<\/b>.<\/p>\r\n\r\n

Emerging Economies In Asia<\/h1>\r\n \r\n\r\n\"\"\r\n

\"Southeast Asia's Fastest Emerging Economies\"<\/a>\u00a0by\u00a0ASEAN Analytics\u00a0is licensed under\u00a0CC BY-SA 4.0<\/p>\r\n

Many East and South East Asian economies have progressed from low income to middle income status in the last 50 years, prompting the World Bank to coin the term \u201cEast Asian Miracle\u201d to describe their achievements in overcoming the development challenges developing countries typically face.1<\/a>\u00a0Rapid transformations have continued since 2000, reflecting the rise of China as well as the emergence of large Association of Southeast Asian Nations (ASEAN) economies including Indonesia, Malaysia, the Philippines, Thailand and Viet Nam.<\/p>\r\n

Country-specific development strategies as well as variations in the pace and sequencing of policies across the different countries have characterized the developments achieved by the individual countries. Nonetheless, broadly speaking, a large part of the success of East and South East Asian economies can be attributed to the \u201coutward-oriented industrialization\u201d model. There are two dimensions to this strategy, namely the productive structures of the economy and their integration in global trade.<\/p>\r\nSource adopted from\u00a0\u00a0\"East Asian Miracle\u2019 through industrial production and trade lenses\"<\/a>\u00a0by\u00a0Adnan Seric and Yee Siong Tong<\/a>\u00a0is licensed under\u00a0CC BY-SA 4.0\r\n\r\n ","rendered":"

Emerging Economies<\/h1>\n

An emerging market economy is the economy of a developing nation that is becoming more engaged with global markets as it grows. Countries classified as emerging market economies are those with some, but not all, of the characteristics of a developed market.<\/p>\n

<\/div>\n

Characteristics of developed markets may include strong economic growth, high per capita income, liquid equity and debt markets, accessibility by foreign investors, and a dependable regulatory system.<\/p>\n

<\/div>\n

As an emerging market economy develops, it typically becomes more integrated with the global economy. That means it can have increased\u00a0liquidity\u00a0in local debt and\u00a0equity markets, increased trade volume and\u00a0foreign direct investment. It can develop modern financial and regulatory institutions. Currently, some notable emerging market economies include India, Mexico, Russia, Pakistan, Saudi Arabia, China, and Brazil.<\/p>\n

<\/div>\n

Critically, an emerging market economy is transitioning from a low income, less developed, often pre-industrial economy towards a modern, industrial economy with a higher standard of living.<\/p>\n

 <\/p>\n

\"\"
Increasing demand of Meat Consumption per capital, Kilogram and Average 2010-12 (estimated)<\/figcaption><\/figure>\n

” Meat demand in emerging national economies is on the rise”<\/a> by Heinrich Boell Foundation, Friends of the Earth Europe\u00a0is licensed under\u00a0CC BY-SA 3.0<\/a><\/p>\n

Worldwide meat production increased nearly 5 times in the second half of the 20th century, and the amount eaten per person doubled.\u00a0By 2050 meat consumption could increase by as much as another 160 percent<\/b>.<\/p>\n

Emerging Economies In Asia<\/h1>\n

 <\/p>\n

\"\"<\/p>\n

“Southeast Asia’s Fastest Emerging Economies”<\/a>\u00a0by\u00a0ASEAN Analytics\u00a0is licensed under\u00a0CC BY-SA 4.0<\/p>\n

Many East and South East Asian economies have progressed from low income to middle income status in the last 50 years, prompting the World Bank to coin the term \u201cEast Asian Miracle\u201d to describe their achievements in overcoming the development challenges developing countries typically face.1<\/a>\u00a0Rapid transformations have continued since 2000, reflecting the rise of China as well as the emergence of large Association of Southeast Asian Nations (ASEAN) economies including Indonesia, Malaysia, the Philippines, Thailand and Viet Nam.<\/p>\n

Country-specific development strategies as well as variations in the pace and sequencing of policies across the different countries have characterized the developments achieved by the individual countries. Nonetheless, broadly speaking, a large part of the success of East and South East Asian economies can be attributed to the \u201coutward-oriented industrialization\u201d model. There are two dimensions to this strategy, namely the productive structures of the economy and their integration in global trade.<\/p>\n

Source adopted from\u00a0\u00a0“East Asian Miracle\u2019 through industrial production and trade lenses”<\/a>\u00a0by\u00a0Adnan Seric and Yee Siong Tong<\/a>\u00a0is licensed under\u00a0CC BY-SA 4.0<\/p>\n

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