Terms

Emerging Market GDP Growth

The Emerging Markets are home to 80% of the world’s population and almost 70% of the world’s GDP growth. Their governments usually pursue deliberate industrial and trade strategies to encourage economic growth and industrialization, often pursuing domestic programs such as investing in educational systems, building physical infrastructure, and enacting legal reforms to secure investor’s property rights. Some of the characteristics of an emerging market economy includes rapid growth, high productivity levels, increase in the middle class, transition from a closed economy to an open economy, instability and volatility, and attraction of foreign and local investments.