GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A part of third world countries
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A part of developed countries
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A part of developing countries
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Newly industrializing countries
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Detailed explanation-1: -An emerging market economy is an economy that’s transitioning into a developed economy. Emerging market economies typically feature a unified currency, stock market, and banking system; they’re in the process of industrializing. Emerging market economies can offer greater returns to investors due to their rapid growth.
Detailed explanation-2: -Newly Emerging Economies (NEE)-Countries that have begun to experience high rates of economic development, usually with rapid industrialisation.
Detailed explanation-3: -Industrialization in emerging economies often involves “heavy industries”-industries that transform raw material into products such as steel, paper, and chemicals. Such industries produce an array of noxious air and water-brine compounds.
Detailed explanation-4: -Information and communication technology industry, advanced manufacturing, oil and gas industry, textile and apparel industry, chemical industry, and so on are a few common advanced industries of emerging markets.
Detailed explanation-5: -High rates of economic growth Governments of emerging markets tend to implement policies that favor industrialization and rapid economic growth. Such policies lead to lower unemployment, higher disposable income per capita, higher investments, and better infrastructure.