Transcript Emerging Economies Emerging Economy

Emerging Economies
Introduction to Business & Marketing
Emerging Economy
 Economies beginning to participate in more production and
trade
 Increasing strict standards in accounting and securities
regulation
Positive Economic Impacts
 increased availability of low-cost goods and services
 increased trade among countries
 improved standard of living in countries that have increased
trade
Negative Economic Impacts
 increased demand for resources:
 Steel
 Concrete
 Oil
 increased price and decreases availability of those resources
in other countries
Measures/Indicators of Economic Activity
 Productivity: output per worker hour measured over period of time
 Gross Domestic Product (GDP): output of goods & services
produced by labor
 Standard of Living: level of material comfort in terms of products
available to a group of people
 Unemployment Rate: percentage of workforce that is unemployed
at any given date
 Inflation: sustained increase in the general price level of goods and
services in an economy over a period of time
Activity
 Compare the USA, Emerging Country, Developing Country
based on economic factors in a chart
 Looking at measures/indicators of economic activity
Examples of Emerging Economies
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Argentina
Brazil
Bulgaria
Chile
China
Colombia
Dominican Republic
Ecuador
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Egypt
Hungary
India
Indonesia
Kenya
Lebanon
Malaysia
Mexico
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Morocco
Pakistan
Peru
Philippines
Poland
Romania
Russia
Senegal
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South Africa
Thailand
Tunisia
Turkey
Ukraine
Uruguay
Venezuela
Vietnam
Examples of Developing Economies
• Look online – do NOT use the list
provided on worksheet!