Discuss about the characteristics of emerging countries in the world Economy?

What are Emerging Markets?

 A market of any country that is containing internal secured borders and is not depending on any other countryman has its own legal producers and political policies but contains the level of economic development very less and government of such countries try to plan and implement system to boost the economy of the market by reasonable resources and economic plans thereof.

 Emerging countries are where rate of growth is huge and gross domestic product development rate is more than 6 percent per year and thus government bodies put forth their efforts to increase the economy. Any country where there is huge potential for the growth in future which may be interpret by the resulted economic development level and by a centralized GDP in many countries which are developed in the world. If we talk about investing in the suitable emerging markets of the world only two factors are appealing like they have best ever economic planning and high quality of political stability that is also the pin point to do business in any county around the globe.

 If we talk about some proper definitions of the emerging countries than we will come to know three best authors and the emerging market definitions will clarify all the doubts and confusions about it scope.

 Miller 1998 emerging countries in the world Economy:

 “Rather than individual differentiation all the emerging markets are same like each other in potential for the future growth and development. The future market expansion opportunities which are more difference a normal economy of developing countries with emerging economies. These kind of attributes appeals new foreign investment advanced technologies external participation in marketable activities of emerging countries only  when the policies of the hosting countries adoptable to increase in growth”.

 Cavusgil 1987 emerging countries in the world Economy:

 Such countries which represent future growth and appealing business growth in the future for all the MNC,s and ICs .these emerging countries have very high level of economic growth which support unlimited investment opportunities of international businesses .

 In short emerging markets does operations within the bet appropriate markets and upcoming growth opportunities by future growth in the world proper competitive firms is known as emerging courtliness accordance with the United States report in the government bodies only few companies are there which are 12 emerging markets which will double their GDP share from 8 percent to 20 percent in the next 15 to 20 years globally.

Characteristics of emerging markets

If we talk about the emerging countries the market contains many unique feature but are more advanced than developing countries .so a number of best attributes are presented in the emerging countries are as follows:

 Economics characteristics of emerging countries in the world Economy:

 The first and foremost characteristics of the emerging countries is that there I very low level personal income .the economy is capitally and controlled by the government bodies and is influenced by the rules and regulations though the economic life cycle and through the of transitions of the market economy stages. Income level is very low as per the education standards and skills set obtained and the economy is bounded by the very few appreciation to the habitant’s population. But government for the enhance of the living standard of life and improvement of the residents and include the policies for the local residents and to enhance their lives.

 Social political characteristics of emerging countries in the world Economy:

 Countries that have very inflexible political environment and very few legal and incomplete procedures side by side weak social discipline are also fulfill the characteristics of the emerging countries .there is always very rapid alterations in the social discipline and nor more implication of the justice procedures.

 Laciness of Capital of emerging countries in the world Economy:

 Growth and development of any country always based on the availability of resources ad utilization of technology to benefit from the resources but unfortunately emerging countries have very limited and few capital investments so they are appealing for the MNCs to 9invest in such countries. Such countries not have any other resources of direct investment from the foreign companies and the internal capital markets are very weak and problematic for the look after of such debts [1].

 Political characteristics of emerging countries in the world Economy:

 In emerging countries trade rules and regulations are very weak and there is no proper system for these aspects. Political instability and policies implementation are the key paradigms for the foreign investments by another countries .if the political situations are not strong and policies are not ruling flexibly than investment opportunities vanish.

 Rapid Growth Characteristics of emerging countries in the world Economy:

 Emerging countries always have high growth opportunities for the foreign business to invest and because these countries have still so much available chances of the new business to make setup and grow rapidly. These countries are the example of turkey, china, and India. Because these are rich in human capital and natural resources but are less in technology and capital to business development [2].

 Physical Characteristics of emerging countries in the world Economy:

 Another big and foremost characteristics of the emerging markets is there which is unavailability of the physical infra structure .in such countries there are no proper ,transportation, power and schools, colleges and hospitals and dams. There is also lack of machines and heavy equipment’s to develop the infra structure. Anyhow these countries have many resources to be utilized and the big example is the Petrol, Gas and gold [3]. If we talk about middle east we will come know that such countries earlier in 1990 were not having that much strong and heavy infra structure but they were rich in natural resources and after utilization of the internal political policies and procedures and business laws and labor laws they have become the strongest emerging markets for the western business and international business environements.so emerging markets always apple the and bring out world business to improvements in their most benefits like capital investments and infra structural development .to enhance and strengthen living standard of the people through employment policies and regulations that best suit their habitants [4]. Anyhow emerging countries and much more investable places rather than developing countries around the world thus development comes in rapidly and vastly.

A. Elaborate the impact of globalization on emerging countries in the world Economy?

 What is globalization?

 Globalization has the scope of doing business in any other country beyond the border of one’s own country .globalization is the concept of internationalization of business activities whether done fully in other countries or partially .if china goes and does business activities in Europe and makes business units or exports products only so it means he in operational of globalization .through the advancement of e commerce and technology now business has become global and all world has become global village [5]. We can move to any country from morning and after doing some business activities can revert back evening into our own country .so these advancement for the purpose of business activities are called globalization activators.

 Globalization where brings more business boom and employment opportunities but at the same time it have negative impacts upon the countries own economic policies and threat for local manufacturer and traders. Many time these elaborations has been made about to open the local borders for many countries or not open because globalization always does not support positive impact on the hosting country [6]. For examples If America allows the import of Chinese made car without any taxes and duties so the American local manufactures for the car will face huge threats of this act .it is clear from the example that globalization at the same time has some positive and some negative impacts upon countries worldwide.

Here we will discuss most obvious and important impact of globalization in detail.

Technological impact of emerging countries in the world Economy:

When there is globalization worldwide it for sure give rise to the technological development in the whole world. Most of the countries which are very old fashioned and using very obsolete technology when they open doors for the globalization to happen than it is the source of transportation of the technology from one country to another. For example in the modern ages due to globalization we can see the technology used in America also can be seen in china and Africa and even in Sudan .so one more thing is most important that globalization gives rise to the improvement in the technology worldwide .cause many scientists and researchers contact each other conduct meeting easily and develop and modify the technology itself.

Economic impact of emerging countries in the world Economy:

Globalization always improves the economy of the countries worldwide because all the business depends on business atmosphere which they are doing and due to globalization their economy gets rise and thus the economy is boosted. For example if America or Europe go through business operations in china or middle east countries it will make trade with them or do some production or manufacturing business so it will invest with their local currency and thus the hosting country local currency will be strengthen and economy will be growth [7].

 Social cultural impact of emerging countries in the world Economy:

 Globalization is always a big source of cultural effects on different countries across the world. Many countries do trade with each other and social with each to their habits and customs are liked by other nations .many developing countries adopt the cultures and habits of the developed countries. The exchange of customs like wearing apparel, eating habits and even speaking style of many countries has been adopted by other countries [8].

 Environmental impact of emerging countries in the world Economy:

 When globalization is at its peak than ultimately most companies make their production houses and factories and make production so waste material of the factories becomes change in the environment of the most countries [9].if garbage and waste materials are not properly eradicated that environmental pollution rise up and as  result the countries different disease began to start which cause in health issues of the people .many developed countries can control the waste material but developing countries are not much skilled in such areas to vanish the waste items.

 Political legal impact of emerging countries in the world Economy:

 Due to globalization most of the countries in the world has improved their legal policies and made control upon their political environment. globalization cause many efforts to improvement I n global trade agreements and labor laws collectively benefits and make business globally the efforts less. Many international organizations are also working to support the legal and smooth business operation without any hurdles across the borders. But there is also sometimes the negative impact of international laws upon the local hosting country rules and regulations .but countries should plan proper policies and procedures and to limit international business through best possible options which support their business and political and legal policies [10]...

 Conclusions on emerging countries in the world Economy:

 It is admitted fact that globalization has become the way of any growth for any country of the world. We cannot refuse to go for globalization because when globalization happened economy of the countries strengthens worldwide .the technological advancements takes place and living standard of the people increases and infra structure development happens. Countries cannot stop globalization to happen even though it has many negative impacts upon the economy of the country but we prefer companies should choose the ways which suit best and secure the hosting countries internal situation .globalization gives rise to the increased sales and profits and highest level of production thus it should be look after government bodies to impose taxes and make relax the procedures and processes of the international trade.

 Recommendations of emerging countries in the world Economy

 Globalization should not be stopped at any level but countries should design their policies and procedures that support in best way the economic development in their country. Globalization always improve living standards of the people around the world and modernize the world.

 References of emerging countries in the world Economy