Emerging Market Economies
Emerging markets are found primarily in East and South Asia, Eastern Europe, and Latin America. A few emerging markets are also located in Africa and the Middle East. Their most distinguishing characteristic is rapidly improving living standards and a growing middle class with rising economic aspirations.3 As a result, they have become very attractive destinations for exports, FDI, and global sourcing.
Because their economies have transformed so dynamically, Hong Kong, Israel, Singapore, South Korea, and Taiwan have moved beyond the emerging-market stage. Several emerging markets are likely to join the group of wealthy nations in the not-too-distant future. For example, the Czech Republic and Poland have now matured ...
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