Chapter 7 Emerging Markets, Developing Economies, and Advanced Economies

Learning Objectives

In this chapter, you will learn about:

  • Advanced economies, developing economies, and emerging markets

  • What makes emerging markets attractive for international business

  • Assessing the true potential of emerging markets

  • Risks and challenges of emerging markets

  • Strategies for doing business in emerging markets

Advanced Economies, Developing Economies, and Emerging Markets

Advanced economies are postindustrial countries characterized by high per-capita income, highly competitive industries, and well-developed commercial infrastructures. They are the world’s richest nations and include Australia, Canada, Japan, New Zealand, the United States, ...

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