Consider the following countries: 1. Brazil 2. Mexico 3. South ****** According to UNCTAD,

Question

Consider the following countries:

1. Brazil

2. Mexico

3. South ** According to UNCTAD,

which of the above is/are categorized as “Emerging Economies”?

(a) 1 only (b) 1 and 3 only (c) 2 and 3 only (d) 1, 2 and 3

Answer 1

(d) Newly industrialized countries are emerging markets whose economies have not yet reached first world status but have, in a macroeconomic sense, outpaced their developing counterparts. The Big Emerging Market (BEM) economies are: Brazil, China, Egypt, India, Indonesia, Mexico, Philippines, Poland, Russia, South **, South Korea and Turkey.