Introduction to Business & Marketing Emerging Economies

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 Argentina Brazil Bulgaria Chile China Colombia Dominican Republic Ecuador Egypt Hungary India Indonesia Kenya Lebanon Malaysia Mexico Morocco Pakistan Peru Philippines Poland Romania Russia Senegal South Africa Thailand Tunisia Turkey Ukraine Uruguay Venezuela Vietnam Examples of Developing Economies Look online – do NOT use the list provided on worksheet!