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Emerging Economies
An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to ''The Economist'', many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. The 10 largest emerging and developing economies by either nominal or PPP-adjusted GDP are 4 of the 5 BRICS countries (Brazil, Russia, India and China) along with Indonesia, Iran, South Korea, Mexico, Saudi Arabia, Taiwan and Turkey. When countries "graduate" from their emerging status, they ...
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Developed Market
In investing, a developed market is a country that is most developed in terms of its economy and capital markets. The country must be high income, but this also includes openness to foreign ownership, ease of capital movement, and efficiency of market institutions. This term is contrasted with developing market (emerging markets and frontier markets are types of developing markets). FTSE Group list FTSE Group, a provider of economic and financial data, assigns the market status of countries as Developed, Advanced Emerging, Secondary Emerging or Frontier on the basis of their economic size, wealth, quality of markets, depth of markets, breadth of markets. From 26 September 2019, FTSE Group classifies 26 countries as developed markets: FTSE criteria Developed countries all have met criteria under the following categories: # They are high income economies (as measured by the World Bank GNI per capita Rating, Market and Regulatory Environment) ## Formal stock market regulatory auth ...
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Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Arab world, and the largest in Western Asia and the Middle East. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. Bahrain is an island country off the east coast. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert, lowland, steppe, and mountains. Its capital and largest city is Riyadh. The country is home to Mecca and Medina, the two holiest cities in Islam. Pre-Islamic Arabia, the territory that constitutes modern-day Saudi Ar ...
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Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA program, management-related doctoral programs, and many executive education programs. It owns Harvard Business Publishing, which publishes business books, leadership articles, case studies, and the monthly ''Harvard Business Review''. It is also home to the Baker Library/Bloomberg Center. History The school was established in 1908. Initially established by the humanities faculty, it received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867–1946). Yogev (2001) explains the original concept: :This school of business and public administration was originally conceived as a school for diplomacy and government service on the model of the French '' Ecole des S ...
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Usha Haley
Usha C. V. Haley is an American author and academic, currently W. Frank Barton Distinguished Chair of International Business and Professor of Management at the W. Frank Barton School of Business at Wichita State University in the U.S. state of Kansas. She is also Director of the Center for International Business Advancement at Wichita State University and elected Chair of the independent World Trade Council of Wichita. Prior to this, she was at other universities including West Virginia University, Massey University in New Zealand and at Harvard Kennedy School, Harvard University. Haley is credited with providing the intellectual foundations on understanding subsidies to Chinese industry with her book of the same name and testimonies, used as a basis for the current trade wars. See http://ushahaley.academia.edu. Born in Mumbai, India, she received a bachelor's degree in Politics at Elphinstone College, Mumbai and then went on to get graduate degrees from various American universitie ...
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Hernando De Soto (economist)
Hernando Soto Polar (commonly known Hernando de Soto ; born June 2, 1941) is a prominent Peruvian economist known for his work on the informal economy and on the importance of business and property rights. His work on the developing world has earned him praise worldwide by numerous heads of state, particularly for his publication ''The Mystery of Capital'' and ''The Other Path''. He is the current president of the Institute for Liberty and Democracy (ILD), a think tank devoted to promoting economic development in developing countries located in Lima, Peru.Institute for Liberty and Democracy, "Hernando de Soto – Detailed Bio".
(accessed 16 March 2013)
In Peru, de Soto's advisory has been recognized as inspiring the economic guidelines—incl ...
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Vladimir Kvint
Vladimir L’vovich Kvint (Russian: Владимир Львович Квинт) is a Russian-American economist and strategist, and President of the International Academy of Emerging Markets. In parallel, since 2007, he has been the Chair of the Department of Economic and Financial Strategy at the Moscow School of Economics of the Lomonosov Moscow State University. Kvint also is a Head of the Center for Strategic Studies at Institute of Complex Systems Mathematical Research of this University. In 2019-2022, Kvint is a Visiting Professor at Department of Economics of Shanghai University. He is a Foreign Member (ad vitum) of the Russian Academy of Sciences. In 2010 Kvint was elected as a Fellow of the World Academy of Art and Science. He is a U.S. Fulbright Scholar (2001) and has been a professor at Fordham, New York University, and American University and Adjunct Professor of La Salle University as well as Babson College. In 2018 Kvint was awarded by Lomonosov Moscow State Univers ...
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George Haley
George T. Haley is an American author and academic, currently a tenured professor of industrial and international marketing at the University of New Haven in the US state of Connecticut. He is also the director of the Center for International Industry Competitiveness. His research covers industrial marketing, emerging markets, new product development, innovation and B2B marketing. He has testified about his research on China before the United States Congress and several government agencies. The American Marketing Association's ''Marketing News'' named him as one of six marketing academics to watch based on his research, teaching and broader impact. He was also named an American Made Hero for his work on the ramifications of trade for US manufacturing in a global economy. Early life Haley was born in San Antonio, Texas, where he attended the San Antonio Academy and the Texas Military Institute. Subsequently, he attended the University of Texas at Austin where he received underg ...
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Management
Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. "Run the business" and "Change the business" are two concepts that are used in management to differentiate between the continued delivery of goods or services and adapting of goods or services to meet the changing needs of customers - see trend. The term "management" may also refer to those people who manage an organization—managers. Some people study management at colleges or universities; major degrees in management includes the Bachelor of Commerce (B.Com.), Bachelor of Business Adminis ...
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Ian Bremmer
Ian Arthur Bremmer (born November 12, 1969) is an American political scientist and author with a focus on global political risk. He is the president and founder of Eurasia Group, a political risk research and consulting firm with principal offices in New York City. He is also a founder of the digital media firm GZERO Media. Early life and education Bremmer is of Armenian Americans, Armenian (from his maternal grandmother), Italian Americans, Italian, and German Americans, German descent, the son of Maria J. (née Scrivano) and Arthur Bremmer. His father served in the Korean War and died at the age of 46 when Bremmer was four. He grew up in housing projects in Chelsea, Massachusetts, near Boston. Bremmer went to Savio Preparatory High School, St. Dominic Savio High School in East Boston. He later earned a BA in international relations, ''magna cum laude'', from Tulane University in 1989 and a PhD in political science from Stanford University in 1994, writing "The politics of ethn ...
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Developed Country
A developed country (or industrialized country, high-income country, more economically developed country (MEDC), advanced country) is a sovereign state that has a high quality of life, developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living. Which criteria are to be used and which countries can be classified as being developed are subjects of debate. A point of reference of US$20,000 in 2021 USD nominal GDP per capita for the International Monetary Fund (IMF) is a good point of departure, it is a similar level of development to the United States in 1960. Developed countries have generally more advanced post-industrial society, post-industrial economies, meaning the terti ...
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Developing Country
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The term low and middle-income country (LMIC) is often used interchangeably but refers only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries. There are controversies over this term's use, which some feel it perpetuates an outdated concept of "us" and "them". In 2015, the World Bank declared that ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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