Emerging markets and international trade
Emerging markets refer to countries that are in the process of developing economically and are characterized by a high level of economic growth and a rapidly expanding middle class. ‘International trade’ refers to the exchange of goods, services, and capital between countries. Emerging markets play an increasingly important role in international trade as they offer new opportunities for export and investment, while also providing a growing market for imports. However, emerging markets also present challenges such as lack of infrastructure, political instability and currency fluctuations, which can affect the ease of doing business and increase the risk for companies operating in these markets.
What are the current emerging markets?
The current emerging markets are a group of countries that are characterized by their high level of economic growth and a rapidly expanding middle class. Some of the most notable emerging markets include:
- China and India, which are considered to be the largest emerging markets due to their large populations and rapidly growing economies.
- Brazil, Russia, Indonesia, and South Africa, which are collectively known as the BRICS countries and are considered to be among the most developed emerging markets.
- Mexico, Turkey, Egypt, and Vietnam are also considered emerging markets due to their growing economies and expanding middle class.
- Other countries that are often considered emerging markets include Malaysia, Thailand, Philippines, and Colombia.
It’s worth noting that the classification of countries as “emerging markets” can change over time, as economic conditions and development progress. Additionally, other countries not listed here can also be considered as emerging markets depending on the source, criteria or perspective.