Globalisation

  • Created by: Scarch01
  • Created on: 18-01-18 09:52

Emerging Economies

An economy in the process of rpid growth and industrialisation

Key Features

  • Country undergoing a process of rapid industrialisation
  • Population still mainly in povertty; economic growth is removing many from poverty
  • Domesic business' struggle to enter global markets

The Origional emerging economies

B.R.I.Cs: Brazil, Russia, India & China (15 Years ago)
China has become the worlds largest economy

Growth ratesEmerging economies achieve significantly higher economic growth rates, because:

  • Urbanisation process continues
  • Population grows
  • Workforce continues to imporive skills and be more productive
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