Impact of emerging and frontier economies on global markets
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Citation (published version)Marcus Goncalves. 2016. "Impact of Emerging and Frontier Economies on Global Markets." "Invited presentation at Catholic Salesian University, Vitoria, ES, Brazil on June 23, 2016."
The emerging markets have been the source of global economic growth for quite some time now, with far-reaching effects to the rest of the world, in particular to advanced economies. It is not news that emerging markets have become the sweethearts of the financial press and a favorite talking point of governments, foreign trade advisors, and corporations worldwide. Although these markets were best known in the past as a commodity paradise, or the place to go for natural resources, cheap labor, or low manufacturing costs, emerging markets today are positioned for growth. This paper argues that rapid population development, growing middle-class, and sustained economic development is making many international investors and corporations look to emerging markets with new lenses, with substantial impact on advanced economies and the world as a whole.