Edited By: Jan Nederveen Pieterse and Boike Rehbein
When the term ‘emerging markets’ arose in the 1970s it referred to the tiger economies of South Korea, Taiwan, Singapore and Hong Kong. In time its use extended to Southeast Asian countries such as Malaysia and Thailand. In the 1990s it applied to all newly industrializing countries, from Turkey to Latin American states. The term represented a portfolio category for investors. A parallel term in global political economy and development studies is newly industrializing countries or economies (NICs or NIEs). More recently the investment bank Goldman Sachs coined the term ERIC or Brazil Russia India China to denote a special ategory of large, strategic, highly promising economies. Another term that gained currency in recent years is ‘emerging powers’ n view of the growing political and geopolitical influence of several large developing countries. [download]
Format : Ebook.Pdf
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