1 Where is your country?
2 What makes your country an emerging market?
3 What influenced this country's economic growth?
4 What are strengths of this country's economy?
5 What may be future threats to this economy?
6 What are other distinctive features of this country?
LATIN AMERICA ASIA
Argentina Brittany Belfiore China Sara Ingram
Brazil Alexis Salmi Malaysia Korel Mack
Chile Stefania Garzon India Noelle Cowley
Colombia Haley Cusano Indonesia Caroline Deeprose
Mexico Katy Salls Pakistan Asfahan Makani
Peru Paris Bilodeau Philippines Kelly Ivey
Venezuela Caroline Ruble Thailand Jackie Ross
Vietnam Tunny Xongly
Egypt Brandon Hoffman MIDDLE EAST
Morocco Britney Montgomery Kuwait Michael Kowalchyk
Africa Gerald Burgess Turkey Anna Kab
United Arab Emirates Michelle Honeycutt
Estonia James Greene
Poland Andrew Barnes
Where is Argentina? Brittany Belfiore
Argentina is the second largest country in South America (after Brazil). It is located between Chile and
Uruguay and borders the South Atlantic Ocean.
What makes Argentina an emerging market and what has influenced this economic growth?
Argentina’s political history has shifted from military dictatorships and authoritarianism to a
democratically elected nation. This change brought about extreme social reform and privatization. Argentina’s
economy is on the fast track to extreme growth. It has been reported that Argentina’s central bank expects gross
domestic product to expand between 8.9% and 9.5% this year due to private consumption and higher exports to
key trading partners such as Brazil and China. Even during the international financial crisis, Argentina was able
to grow its economy 0.9%. Argentina’s membership in the WTO and MERCOUSUR has also helped stimulate
economic growth. The MERCOSUR is the second largest common-market agreement in the American and most
influential and successful FTA in South America. They also have trader relations with the EU. Argentina’s
population growth rate is 1.036% and its GDP growth rate is 7.5%. Their exports in 2009 equaled $68.01
billion and imports $53.61 billion.
What are strengths of the country’s economy?
Argentina benefits from rich natural resources, a highly literate population, an export-oriented
agricultural sector, and a diversified industrial base. It is also the home to some truly impressive untapped oil
reserves. They have a well-developed service sector which includes social, corporate, financial, insurance, real
estate and transport and communication services, which would definitely benefit the growing businesses in
What may be future threats to this economy?
The main threat facing Argentina is its extremely high inflation rate of 22%. This soar in prices has
posed a threat to Argentina’s economic boom and created consumer unrest. Poverty remains a challenge in the
growing economy. Argentina must also face the fear of natural disasters striking. The country is known to have
many active volcanoes. Many regions of the country are also subject to earthquakes. The occurrence of these
natural disasters could cause a decrease in their exports of industrial goods.
What are other distinctive features of this economy?
Nearly 500 U.S. companies are currently operating in Argentina, employing over 155,000
Argentina’s economy collapsed in 2001 and left more than half of the population living in
poverty. With help from the IMF, they were able to begin recovery in 2003.
Brazil Alexis Salmi
According to the CIA’s World Fact Finder, Brazil is the fifth largest country in the world with an
estimated population of 201,103,330. Brazil borders the Atlantic Ocean in Eastern South America, and is
just slightly smaller than the United States. The size and location of Brazil are only a few of the reasons
why Brazil is identified as one of the ten Big Emerging Markets (BEMs). This promising country is
expected to grow economically and globally over the next few years and live up to its standards of being a
Brazil is considered an emerging market not only because of its size, but also due to the fact that it is in
a transitional phase. They are already seeing much growth and rapid economic expansions but they are still
not considered a fully developed country. Brazil was one of the first emerging markets to begin to grow.
The Brazil Country Review revealed that on a scale of 1 to 10 with one being the lowest political stability
and ten being the highest, Brazil was ranked an 8.5. Their foreign investment, which is based on economic
risk and stability and openness to foreign investment, ranked an 8. Although it is not as high as some of the
more developed countries such as the US or Canada, it shows Brazil is continuously improving their
political and economical conditions.
There are a lot of influences that allowed Brazil to grow at such a fast rate. The country saw a shift in
power when Luiz Inacio Lula da Silva became the president in 2003. He was able to lower unemployment
and increase minimum wage as well as start programs such as ones that acknowledged the abuse of human
rights and controlled the number of illegal weapons used on the streets. Silva also strengthened and created
more relationships with other countries, leading to an increase in economical stability. Dilma Rousseff was
recently elected Brazil’s President and intends to follow Silva’s path to success but with more of a
Brazil is filled with rich and natural resources and they use this as a competitive advantage. They are the
largest producer for sugar cane, coffee and tropical fruits, and are also known for being a leading producer
of hydroelectric energy. They outweigh many other South American countries when it comes to agricultural,
mining, manufacturing and service sectors. Their diverse economy brings a lot of attention to their country
because a variety of countries are interested in using these resources. This plays up to Brazil’s strengths by
creating alliances and becoming more popular with trade. Although it may seem that some of the future
threats of Brazil may be caused by foreign origin, their biggest challenge is controlling the poverty and
crime within their borders, which includes trafficking of arms, narcotics and contraband. If they control this
and continue at this pace in reference to economic growth, Brazil may soon be seen as a fully developed
CHILE Stefania Garzon
Where is your country? Chile is located on the Pacific Coast of South America
What makes your country an emerging market? Chile went from being a dictatorship under
Augusto Pinochet to a successful democracy under today’s president Sebastian Pinera who is
working hard to make great economic improvements that are making Chile reach a developed
country status. Chile is working to reach the per capita income levels of a developed country
What influenced this country’s economic growth? The quality of institutions -voice and
accountability, political stability, government effectiveness, regulatory quality, rule of law, and
control of corruption have influenced in the growth of Chile.
What are strengths of this country’s economy? Chile was the first Latin American country to
privatize state enterprises, reduce tariffs, liberalize investments and open its doors to foreign
capital. It provides tight fiscal and monetary policies. Chile has created programs to cut poverty
from 45 percent in the 1980s, to just 14 percent today - the lowest in Latin America. It has gone
from debtor nation to creditor, its economy is among the world's most open.
What may be future threats to this economy? Chile's most immediate economic challenge is
matching energy demand with supply. Chile is trying to move quickly to diversify its energy
supply matrix by developing LNG (liquid natural gas), hydro, coal and wind.
What are other distinctive features of this country? Safe destination for investment, Latin
America’s most globalized nation (openness to trade, capital movements, exchange of
technology and ideas, labor movements, and cultural integration).
Colombia, officially known as the Republic of Colombia, is
located in northern South America. Colombia is bordered in the east by Venezuela and Brazil and to the south
by Ecuador and Peru. With a population of over 45 million people, Colombia has the 29th largest population in
the world. Despite Colombia’s reputation of extreme violence, within the past few years, Colombia’s economic
growth has labeled the country as an emerging market in the world. In 2007, Colombia’s $130 billion economy
equated to being the world leader in the production of coffee, flowers, textiles, and petroleum. Their main
trading partners include the United States, Venezuela, and China. One of the main influences of this country’s
economic growth can be attributed to President Uribe. Being fully aware of the country’s history of violence, he
knew he needed restore international confidence in Colombia. He was determined to regulate law and order,
while putting his main focus on the economy. Uribe set out to build international relationships with foreign
investors to prove that through investing in Colombia, physical safety would be improved; therefore lowering
the risk of doing business with Colombia. Since he has lowered the killings and abductions in Colombia, the
country as a whole has been rebuilt in areas varying from stocks to real estate.
Colombia’s strengths include the rich amounts of natural resources that are produced. Aside from its
vast production of coffee, flowers, textiles, and petroleum, Colombia is the number one provider of emeralds to
the world and exports 70% of cut flowers to the United States. It has the fourth largest economy in Latin
America. Also, because of the increased security, tourism has tripled within the last five years. The historic city
of Cartagena is ranked in South America as the most expensive real-estate market. Threats that face Colombia
include the world’s view of Colombia as being lawless and violent. If not changed, Colombia will still face
resistance from tourists, investors, and international trade. Also, Colombia is the world’s largest producer of
cocaine. As a result, gangs and drug cartels are responsible for a considerable amount of the violence and death
rates in the country. In addition, there is still resistance to invest in Colombia’s stock market. Extreme highs
and extreme lows have occurred over the last few years, so a slight downturn in the economy could have a
significant impact on their economy as a whole. Since Colombia does produce natural resources, environmental
threats include flooding, volcanic eruptions, earthquakes, deforestation, and drought conditions.
Mexico Katy Salls
Mexico is located between the southern United States and South America. It shares its
northern border with Texas, New Mexico, Arizona and California and its southern border with
Guatemala and Belize. With an estimated population of 111 million, Mexico is the fifth-largest
country in the Americas by total area and the 14th largest independent nation in the world.
As of 2011, Mexico has surfaced into the fourth largest emerging market edging ahead
of Brazil in terms of opportunities for investment and development. Mexico’s economy with
inflation and the peso have been stable for the past 8 years. They have also profited from their
proximity to the United States as well as benefited from the well qualified labor coupled with
the powerful manufacturing and assembly industries.
Mexico’s economy and stock are benefiting from surging direct investment from the
United States and China. Mexico has surpassed China as the cheapest country in the world for
companies looking to manufacture products for the United States market. This has resulted in
an increasing number of Chinese companies moving their manufacturing to Mexico where they
can also capitalize on the trade advantages that come with the close proximity to the United
States. One of Mexico’s key strengths is the diversity of their export market. These diversified
exports include crude oil, manufactured goods, automotive and agricultural products as well as
an increasingly popular media industry.
Being able to control the monopolies, reduce tax evasion, increase stability within the
labor force, reforming their education, lower costs for import, export and transportation and
limit the corruption will greatly increase the strength of Mexico’s economy for the future.
Venezuela is a tropical country located on the coast Northern South America,
where it is surrounded by Columbia, Guyana, and Brazil. It is also bordered by
the Caribbean Sea and Atlantic Ocean. This country is very well known for its
natural beauty. There are wide variations that range from the mountains in the
west, through the Amazon jungles in the south, and then to the beaches, of
course, to the north. (Wikipedia)
Venezuela is among the most urban countries in Latin America. As of 2011,
the population was around 30 million. The official language is Spanish and the
major religion is Christianity, with 96% of the population being Roman
Catholic. (Country Watch) From a business standpoint, this country has several economic strengths including a
solid democratic system of government, profitable gas and oil industries, a solid judicial floor, and numerous
natural resources making it an ideal place for tourism. Although suffered from economic and financial troubles,
Venezuela is an economic leader and one of the most open and stable countries in Latin America. (Venezuela: A
Brief Economic Review)
One of this country’s strongest industries is oil. “Venezuela is the fifth largest oil exporting country in the
world with the largest reserves of heavy crude oil at an estimated 99.4 billion barrels as of 2010. Venezuela has
the largest reserves of light and heavy crude oil in the entire western hemisphere” (Wikipedia). I found it very
interesting that “the United States is Venezuela’s most important trading partner, representing approximately
half of imports and exports” (Venezuela).
For this country’s economic struggles, in a recent article it was said that Venezuela has officially emerged from
recession, but analysts are skeptical. “After two years of recession, the gross domestic product finally returned
to positive growth by expanding 0.6 percent in the last three months of 2010, according to Central Bank
figures.” (StarTribune) Recently, the currency of Venezuela has devaluated with the inflation rate being the
highest in Latin America. Poverty also remains a challenge for this country. (WorldBank)
As for this country becoming an emerging market, there are many strong elements that have been implemented
to make this country successful thus far and many factors of the future which will continue ensure growth and
development. Behind it, is an influential and powerful system of government, a dynamic oil industry, and a
List of Resources
EGYPT Brandon Hoffman
1. Where is Egypt?
Egypt is a trans-continental country located mostly in Northern Africa and extending into Southwest Asia
and the Middle East. It is bordered by the Mediterranean Sea, Israel and the Gaza Strip to the north, Libya
to the West, Sudan to the South and the Red Sea to the East. It is the about the size of Texas and California
Egypt is mostly arid due to the expanse of the Sahara desert. The vast majority of urbanization has
occurred along the 15,000 square miles of the Nile River including cities such as Cairo, Egypt’s capital, and
Alexandria. About half of the population lives in these and other urban cities.
2. What Makes Egypt an Emerging Market?
Egypt is the most economically diversified country in Africa and Southwest Asia with sectors ranging
from tourism to agriculture to industry and service at almost equal production levels. Other sectors
include petroleum exports and a developed energy market.
2005 Key Stats
4.8% growth in GDP and
1.8% growth in population
3. What Influenced the Economic Growth in Egypt?
FDI – Foreign Direct Investment
4. Egypt’s Economic Strengths
Textiles, cement, iron and steel, fertilizers, chemicals, rubber products, refined sugar,
canned foods, cottonseed oil, small metal products, shoes and furniture
Agriculture and Fishing
Agriculture supplies about 18% of the GNP
Egypt is the world’s largest exporter of cotton in the world
Fishing plays minor role, but it increasingly important
5. Potential Future Threats
Egypt is grossly overpopulation
Political instability –
Income reduction at the Suez Canal
Aswan High Dam
Growth of Cities
Since reaching 13.2 billion in FY 2007/2008, it declined to 8.1 in ‘08/’09 to 6.8 in ‘09/’10.
Q1 of FY 2010/2011 resulted in a 35% reduction from the previous year.
Market Vectors Egypt ETF (EGPT:US)
6. Other Key Features
About 3 million Egyptian citizens work abroad – the majority being in Saudi Arabia. About
320,000 live in the US.
Egypt is the 3rd largest beneficiary of US aid since the Iraq War.
Since 1979, an average of $2.2 billion per year
SOUTH AFRICA Gerald Burgess
Where is your country? Southern tip of the continent Africa
What makes your country an emerging market? South Africa is an up and coming country focused on growing in
Africa using African countries. South African companies that deal in consumer goods, financial services and
telecommunications have expanded their businesses very successfully into other emerging markets. South Africa has the
largest GDP in Africa. Rand is one on the top traded currencies. Most actively traded emerging market currency
What influenced this country's economic growth? The government has pushed business and alliance with other
emerging market since the mid 1990s after the end of apartheid in 1994
What are strengths of this country's economy?
Mining diamonds and gold
There companies had to operate in small poorer markets so they already know how to react those
individuals. Strong stock market. It is around twice the nation’s GDP. Taxes have been cut, tariffs
dropped, the fiscal deficit reined in, inflation curbed and exchange controls relaxed.
Sound economic policies-macro-economic stability, investor-friendly policies, involving
large-scale state investment in infrastructure, small business and skills development, and
interventions targeting specific areas of the economy
Favorable legal and business environment- commerce, labor and maritime issues is
particularly well developed, while laws relating to competition policy, copyright, patents,
trademarks and disputes conform to international norms and conventions.
World-class infrastructure- modern transport network, relatively low-cost and widely
available energy, and sophisticated telecommunications facilities.
Access to markets South Africa also serves as a trans-shipment point between the
emerging markets of Central and South America and the newly industrialized nations of
South and Far East Asia
Gateway to Africa- South African Development Community (SADC)
Trade reform, strategic alliances- Global Agreement on Tariffs and Trade, free trade
agreements with the European Union and the Southern African Development Community
and the implementation of the Africa Growth and Opportunity Act by the United States.
Cost of doing business in SA- energy costs are still among the lowest in the world, and the
country compares favorably for petroleum prices. Growths of phone line companies are bring
the prices down. Mexico, Hungary, Malaysia and Singapore, and the country
Ease of doing business in SA- South Africa ranked 35th out of 178 countries in the World
Bank and International Finance Corporation's Doing Business 2008 report, South Africa was
ranked above developed countries such as Portugal (37) and Spain (38), as well as major
developing economies such as Mexico (44), China (83), Russia (106), India (120) and Brazil
Industrial capability, cutting-edge technology number of leading technologies,
particularly in the fields of energy and fuels, steel production, deep-level mining,
telecommunications and information technology.
Competitiveness A number of industrial support measures have been introduced since
1994 to enhance the competitiveness of South Africa's industrial base. These include placing
more emphasis on supply-side than demand-side measures (such as tariffs and expensive
export support programs).
What may be future threats to this economy? Poorly high unemployment rate, Aids Electricity.
They are building more power stations. Most south Africans are poor.24% unemployment rate
What are other distinctive features of this country? The currency there metals. The focus on other emerging markets
to build up rather than focusing on the markets and or countries that are already established. It’s a safer investment then
other emerging markets due to the governing
Estonia James Greene
Where is your country?
The Republic of Estonia is located in the Baltic Region of Northern Europe. Estonia is
situated south of Finland, separated by the Gulf of Finland, and borders Latvia to the south
and the Russian Federation to the east.
What makes your country an emerging market?
In the years prior to and during it’s annexation into the Soviet Union, Estonia was known as
an agricultural country producing products such as butter, milk and cheese. Since re-gaining
independence in 1991, Estonia has become the gateway to the East through economic
reform and membership in the European Union, Eurozone, and NATO, and has been one of
the world’s fastest growing economies for several years.
What influenced this country's economic growth?
The primary reasons for Estonia’s economic growth include a strong foreign policy with close
ties to Western European countries; membership with NATO and the EU and especially close
ties with Finland and Sweden.
What are strengths of this country's economy?
Estonia has a free-market based economy with high per capita income levels. It’s close
proximity to Scandinavian markets and a high-skill labor force are a competitive advantage.
Estonia has gained economic independence from Russia as well and now sends 42% of its
exports to Nordic countries, mainly Finland and Sweden.
What may be future threats to this economy?
The major threats to this economy include rising inflation and the need to grow the export-
generating industries of machinery, wood, paper and textiles. Energy usage and
environmental issues are also of concern and the majority of European Union financial
investment will be targeted towards these issues.
What are other distinctive features of this country?
Estonia has a strong technology infrastructure and is considered the most “wired” country in
Europe. Internet voting was implemented for local elections in 2005 and in parliamentary
elections in 2007. Skype was written by Estonia-based developers.
Estonia, Wikipedia, February 25, 2011,<http://en.wikipedia.org/wiki/Estonia>
Estonia, CIA – The World Factbook, May 17, 2005,
POLAND Andrew Barnes
Located in Eastern Europe, Poland and its population of 38 million have blossomed since the fall of the
Soviet Union. Poland was named as one of the big emerging markets (a country transitioning from the
developing to developed stage) in 1993 by the U.S. Commerce department and has continued its steady
growth since then. An emerging market is characterized by a rising gross domestic product and improving
infrastructure. Much of Poland’s growth has come as a result of becoming integrated into the European
Union, and more recently, inflowing capital from Greece during its economic turmoils. Poland’s citizens have
also benefited from a larger amount of disposable income, while banks are maintaining low interest rates.
Poland’s banks are notoriously conservative and never relied on funds from the U.S. or Western Europe.
Poland’s economy has steadily grown for the past two decades and even remained steady in 2010
when a plane crash killed their president, central bank governors and several of the military elite. While
Poland has remained steady, it is crucial to examine any possible threats that may hamper their development.
Currently Poland is facing the same crisis as many other countries: cheap credit is becoming harder to get,
their country has failed to implement a credible fiscal plan, and a larger percentage of the population has
become unemployed. Unemployment is exceeding 13% of the population.
Cienski, Jan. “Poland needs a fiscal plan.” 1 Mar 2011. www.financialtimes.com
Dawson, Chester. “Emerging Markets: Beyond the Big Four.” 1 Mar 2011. www.businessweek.com.
Dwyer, Michael. “Poland’s Emerging Role: Premier Marketplace in Eastern Europe.” 1 Mar 2011.
Tchorek, Kamil. “Poland: Article of Faith.” 1 Mar 2011. www.emergingmarkets.org.
China Sara Ingram
China is one of the largest countries in Asia, only surpassed in size by Russia. Its neighboring countries
include Mongolia, Russia, and Kazakhstan to the north, followed from the west down to the south by
Kyrgyzstan, Tajikistan, Pakistan, India, Nepal, Bangladesh, Myanmar, Laos and Vietnam. Along its east coast are
North Korea and the East and South China Seas.
China has been one of the fastest growing countries in the World. Its many technological advances and
the ability to match the innovations of the US have proven it to be an emerging market. It is considered to be
the World’s biggest producer of concrete, steel, ships, textiles, and automobiles. In 2010 the country became
the World’s largest exporter and as of February 2011, they became the World’s second largest economy in
comparison of GDP’s.
The country’s economic growth can be attributed to many factors. Global trade and liberalization
policies have given China the opportunity to expand and improve its economy drastically. In 2000, China
gained entry into the WTO and created an agreement with the United States to participate in normal trade
relations from there on out. China’s membership in the WTO has allowed it to increase both imports and
exports with multiple countries. These are incredible improvements compared to the complex restrictions they
had in place previous to 1979 that kept the country’s economic activities centralized and local.
China currently faces two major economic struggles; inflation and government debt. Their high level of
exports must not be relied on for further economic growth. The country must work on increasing domestic
consumption so that their economy will not face a downfall if there are any threats to their global trading
habits in the future. While their economic growth period was fast and impressive, it has also caused strife in
the country in forms of environmental hazards and social issues. The many migrants that come to the country
also pose a problem for the government, creating a high demand for jobs not met with the appropriate supply.
The demands that stem from the expansion of the Chinese economy are threatening their environment by
causing intense pollution and erosion of the land. These issues pose major threats for the future and could
cause a large lull in the growth of the economy.
China is well-known for its “one child rule”. This was a law established in 1979 by Deng Xiaoping and
was meant to be temporary but is still enforced on the ethnic Han Chinese. Measures are taken to ensure that
these citizens have only one child per family to slow down China’s fast growing population. While this might
have seemed reasonable to the leaders when implemented, it has begun to increase China’s old age
population and decrease the work force. China is an intriguing country with both impressive ability and
powers, but also many struggles that they must attend to for a successful future.
INDIA C. Noelle Cowley
1.) Where is your country?
India is a country located in South Asia. It is the seventh-largest country by geographical area. It is bordered to
the north by Pakistan, Nepal, Bangladesh, and China. The Indian Ocean surrounds the other three sides of the
country. India is often called the “subcontinent” because it covers such a major part of the Asian continent.
2.) What makes your country an emerging market?
- First off, an emerging market is used to evaluate the socio economic scenario of the country in terms of the
growth of the market and industrial development. According to a recent survey, there are 28 emerging
markets in the world and India ranks in the second place. The main factors that contribute to India being an
emerging market is the high standard of living and per capita income, the development of medical facilities
and infrastructure, the increase in foreign investments and high gross domestic product (GDP).
3.) What influenced this country’s economy?
- Globalization had a huge influence on India in the early nineties. The market became more open and the
economy started responding to the external global market. In addition, India became part of the World Trade
Organization (WTO) in June 2002, which helped it continue to grow. In addition, the increase in foreign
investment has also cast a favorable effect on the emerging market in India. Due to the increase in demand,
well-known global companies are investing in the Indian market.
4.) What are strengths of this country’s economy?
- There are many strengths of India economy. Its domestic market is one of the world’s largest which has a
great impact on the India’s economy. The Indian agriculture is large, competitive and well developed, as well,
offering products at low prices. Another strength that contributes to India’s economy is tourism. In 1951, the
international tourist arrival stood at 17,000 while the same has now gone up to 4.4 million in 2007. Tourism in
India also contributes around 5.9 percent of the Gross Domestic Product (GDP) and provides employment to
about 41.8 million.
5.) What may be future threats to this economy?
- Some major threats to India’s economy are poverty, human development, poor infrastructure, and an
insufficient power supply. With a gross national product (GNP) per capita of $390 million in 1997, India
continues to have the highest concentration of poverty of any country with roughly one third of the population
living below the national poverty line. In addition, India suffers from gross inequities such as basic education
and health services that are essential for social infrastructure and human development. Improving basic
infrastructure services and promoting a greater private sector participation in telecommunications, electricity,
transport, and water supply can make a major contribution to growth. Lastly, India suffers from insufficient
power supply that impacts its economic growth. Power shortages are estimated about 10 percent of total
electricity energy and 20 percent of peak capacity requirements.
6.) What are other distinctive features of this country?
- Some distinctive features of India are that food accounts for a major share of the average Indian’s wallet.
India has also capitalized on its large educated English speaking population to become a major exporter of
information technology services and software workers. Lastly, India ranks 21st in foreign investment. Since the
year 2000, India has shown almost 50% growths yearly in Foreign Direct Investment (FDI).
Indonesia Caroline Deeprose
Where is Indonesia?
-Located in Southeastern Asia, between the Indian and Pacific Oceans. Indonesia is comprised of 17,508
islands, with only 6,000 inhabited islands, falling above and below the equator.
What makes Indonesia an emerging market?
-Roughly 243 million people live in Indonesia, making it the 4th largest nation in population, in addition to
being the world’s largest Muslim nation
-Roughly half of the population is 25 years old or younger resulting in a growing workforce and increased
consumption levels which will lead to continued economic growth, and literacy rate is 90%
-As of 2009, Indonesia was the 3rd fastest growing economy (at a rate of 4.5%), after China and India in the
Group of 20 nations (G-20). G-20 was created in response to the Asian financial crisis of 1997, which
heavily impacted Indonesia’s economy, to recognize major countries in the emerging market segment that
were not sufficiently being represented in global economic discussions and governance (g20.org).
-GDP per capita has grown at 2nd largest rate (behind China): $1.033 trillion (2010 est.)
-Predicted to be 16 t h largest economic power in the world
-Rich in Resources: major exports include palm oil, cocoa, coffee, and coal.
-Economy is driven by mostly domestic demand: consumption= 60% GDP
-Home to billions of American investment in energy and manufacture
“Indonesia’s macroeconomic stability, large and expanding consumer market and its wealth of natural resources
are likely to drive robust growth in the years ahead” (Bland).
Strengths of Indonesia’s economy:
-Heavy reliance on domestic consumption, which lessened the effects of the global recession
-Increasing local and foreign investment
-Stock market doubled in 2009
-No bad debt problem
-Abundant natural resources: world's largest exporter of steam coal, greatest proven reserves of natural gas
in the Asia-Pacific, is major producer of palm oil, and has huge resources of copper, nickel and gold
-Political progress: President Susilo Bambang Yudhoyono
-Major economic and military force in SE Asia
Potential threats to Indonesia’s economy:
-Rank 110th on the Transparency Corruptions Index 2010: Corruption is operationally defined as the abuse
of entrusted power for private gain (transperancy.org).
-“Capital Flow”: monitor resources against another financial crisis
Other distinctive features of Indonesia:
-World Bank classifies Indonesia as a lower-middle income economy (13.3% of pop. lives below poverty
-Major agricultural products of the country are tobacco, coffee, rice, rubber, palm oil, tea and sugarcane.
Important industries are cement, chemicals, fertilizers, petroleum and tourism. The country possesses huge
deposits of nickel, copper, gold, and bauxite.
PAKISTAN Asfahan Makani
Pakistan is home to a variety of consumer products that have created a consumer market that is based on
impulse buying. Impulse buying has lead to the emerging markets in communication technology such as mobile
telephones and laptop computers. This surge in communication devices has lead to more and more information
concerning everything from textile product prices to property values. Because more and more consumers in
Pakistan are able to become educated about property values and, in turn, are investing large amounts of money
into property and receiving substantial gains in a very short amount of time.
This emerging market of real estate of buying and selling properties had lead to a substantial increase in
new communities across Pakistan. In Karachi, Pakistan, housing communities have increased dramatically as
large, credible housing neighborhoods, such as KDA and Defense, have opened up multiple phases in order to
accommodate the consumers. Investors find large pieces of land, located near super markets, schools and other
tourist attractions such as beaches or the cricket stadium, and sell multiple plots of land between 50 and 500
yards to a number of other investors. These investors then sell their individual plots of land to various
consumers who are looking for nice areas to purchase land and build a home. These investors are able to sell
these plots of land in such short amounts of time, as early as 2-3 months in some cases, and are able to receive
substantial returns for their investments. In turn, the initial investors of these housing complexes buy even larger
amounts of land and continue to build these housing complexes.
Defense, an area known for its Western lifestyle with a mix of Eastern traditions, has opened up a total
of four phases in Karachi alone. Because of its vast popularity in terms of lifestyle as well as convenience in
location, new phases have begun construction in not just Karachi, but as well as in other major cities such as
Lahore and Islamabad. Defense faced a shortage of plots as soon as the housing complex was first announced in
Islamabad and before any houses had even been built, every plot had been sold. Soon after, a second phase
began construction and plans for future complexes have been created.
As time continues, property values will increase in Pakistan and this will lead to even more housing
developments emerging in many other locations. At the current moment, limiting factors such as a corrupt
government as well as wide-stricken poverty, have limited to these housing complexes to Karachi, Islamabad
and Lahore. However, as further establishment of the government continues, and poverty decreases, Pakistan
will be a phenomenal place to invest money in on a regular basis with confidence in gaining profit in a short
amount of time.
The Philippines, being an English-speaking country and friends to the United States, already have an
advantage of taking the opportunity of expanding into other English-speaking countries. The popular trend of
outsourcing has not passed the Philippines either; they are a major participant in the market of Business
Process Outsourcing (BPO). Many companies view the Philippines as a great place to outsource their work to
because of their English speaking abilities as well as their cheap labor. Over the last couple of decades, there
has been a major shift from agricultural work to office and administrative work. Because of this, the
construction industry is expected to grow steadily at 9.8% over the next 4 years (Philippines Business Forecast,
The infrastructure of the Philippines is an area that needs much improvement. In 2008, The
Department of Public Transportation dedicated 77.8% of their budget to improving the roads, highways,
airports, and highways. The construction industry is staying busy because only 19.8% of the highways and
28.5% of the runways are paved, and the railroad system is mostly only on the Luzon Island (Philippines
Business Forecast, 2011).
While transportation serves as one of the country’s main focuses, they also are working to improve
digital infrastructure; the Internet. Schools will benefit from this drastically and the education will be
improved due to more computers being available for learning (Philippines Business Forecast, 2011).
THAILAND Jackie Ross
-Emerging economy which is heavily export-dependent, with exports accounting for more than two thirds of
gross domestic product (GDP)
-World's highest growth rate from 1985 to 1996 – averaging 9.4% annually
-Currency is the Baht, the exchange rate is $1US= +/-30.63552 Baht (Friday 2/25)
-The Baht was pegged to the US dollar until the Asian Currency crisis in 1997 and is currently floating
-Thailand's economy started to recover in 1999 after the crisis, expanding 4.2% and 4.4% in 2000, thanks
largely to strong exports
-Major exports include Thai rice, textiles and footwear, fishery products, rubber, jewelry, cars, computers and
-Thailand is the world's no.1 exporter of rice, exporting more than 6.5 million tons of milled rice annually
-In 2008 more than half of privately held businesses derived over a quarter of their profits from exports
TOURISM- is a HUGE market
-Tourism in Thailand makes up about 6% of the economy
-Prostitution in Thailand during 1993 and 1995 made up around 2.7% of the GDP
-Prostitution is illegal, although in practice it is tolerated and partly regulated
-It is believed that at least 10% of tourist dollars are spent on the sex trade
-Prostitution is practiced openly throughout the country and local officials with commercial interests in
prostitution often protect the practice
-Flu and political crisis caused minor setbacks for tourism in 2009
-The main marketing slogan for promoting Thailand internationally was "Amazing Thailand", but, in
reaction to the 2009 tourism crisis, it was re-launched as "Amazing Thailand, Amazing Value"
RECENT POLITICAL INSTABILITY
-It was a year ago in March of 2010 that the UDD “Red Shirts” staged a series of prolonged protests against
Prime Minister Vejjajiva’s government, asking him to step down and dissolve Parliament
-These protests were the largest in Thai history, and although peaceful, 80 civilians and 6 soldiers died in
skirmishes, while another 2,100 individuals were injured
-A state of emergency was quickly declared, and the military began to crack down on the protesters
-Protests have continued into 2011, but on a much more peaceful note
-However, over 100,000 people lost their jobs in Bangkok due to the protests, and government officials set the
overall cost for the entire uprising at US$5 billion
- Despite unrest sectors of the economy continue to perform, however tourism has yet to recover as expected
-The Thai economy is projected by the World Bank to grow 3.2% in 2011, the lowest in Asia the past five years,
and if political unrest can be managed successfully, then economists believe that growth will ascend to 4.2%
Kuwait Michael Kowalchyk
The relationship that Kuwait has with their citizens is truly astounding and this has created an emerging
market in an area that has been toiled with turmoil throughout the years. Nestled at the end of the Persian Gulf,
Kuwait sits on oil rich land that has given it economic prosperity since its inception; however, drastic changes
have led it to become one of the major emerging markets that exist within our society today. Recently, Kuwait
and various government leaders have invested millions of dollars to research various renewable energy
resources, even though 90% of their economic foundation is based around oil. HH the Amir said “progress
cannot be achieved through dreaming and mere talk.” This cohesive relationship that the leaders have with their
citizens, allows great advancements to be made within all aspects of living and the people are more susceptible
to adhere to the policies that are in place.
The country places great importance on energy security for the future whether it is harnessing the power
of the wind or absorbing the energy radiated by the sun. They hope to become a model for other countries in the
area by creating sustainable infrastructure and increasing foreign investment. Alternative energy has not been a
new topic of discussion; however, the amount of progress that they have made and the stability of their markets
has led to increased foreign direct investments. The future of emerging markets relies on the amount of
investments that prosperous countries and maintaining stability within their region. Over the past couple of
years, Kuwait’s economy has been quite stable in relation to previous records and this allows foreign businesses
to look toward further development. Concepts such as locating photovoltaic cells on the roofs of houses and then
selling back the power that is not used has been considered as part of an incentive program. Once Kuwait targets
their diversity issue, then they will be able to create a secure economic area for foreign investments to prosper.
o Leads to a natural adherence to the conductive and open door policy btn the people and the leaders
Celebrated their 20th anniversary of being independent and this amount of patriotism allows the citizens to
actively partake in the governance of their country since they are allowed the freedom of expression. This is a
unique quality of a country that is located within the geographic region.
The relationship that the citizens have with the government is quite unique and this has allowed them to
overcome difficulties that they have faced.
- Allowed for consistent growth
- This country was created with a great understanding between the leaders and the citizens of the
country.- very important to success and the overall foundation of a country
- The country as a whole does well when the rest of the world economy is suffering
The citizens are willing to take action when there is an injustice that they believe exists
Kuwait has recently celebrated its 20th anniversary of independence from a foreign ruling company
The people have the freedom of expression and this is not allowed in surrounding countries for the most part
Good model to cohabit peacefully
There needs to be appropriate action when there is a problem
Personal interests have increased the problems that some of these nations with younger markets are
Learn lessons from the hardships that have been experienced with the neighborhoods and grow from them
They hope to continue to excel as a country; however, certain steps need to be taken before the actions are
noticeable within society/economics
Kuwait in investing in renewable energy sources even though they have an oil supply but they believe that it
is important with their development.
Talks of renewable energy started in the 70s and then stopped bc the countries went bankrupt, and then later
continued around 2000.
Country sits at center of Persian Gulf & in-between countries that have had serious issues within recent years.
Started to look into new energy resources when the cost of each barrel had increased to a staggering $147 per
barrel. Sun and wind- fulfill needs in the summer
Kuwait is growing fast and needs to have ample amount of energy to sustain itself
Like energy security. Costs are high to begin with renewable energy due to the construction and so forth
Have to worry about loss within the cables and how to make it minimal
Installing power cells on the roofs of houses and sending it back to the grid if you are not using it.
Turkey is located between Europe and Asia, sometimes considered a “bridge” between the two continents.
This location is very unique and provides the country with many opportunities economically. Turkey borders
the Black Sea, which is located between Bulgaria and Georgia. Turkey is also adjacent to both the Aegean and
Mediterranean Sea which is situated between Greece and Syria.
In the 2001, the stability of Turkey was shaken after a clash between Prime Minister Bulent Ecevit
and President Ahmet Necdet Sezer took place over reform. The President accused the Prime
Minister of moving too slowly when it came to repair the corruption that existed within their
banking system. The Turkish People experienced economic turmoil as the value of their currency,
the lira, fell by 50% and thousands of employees were laid off. Prior to the crisis, the International
Monetary Fund had offered the country twelve million dollars in loans if Turkey cooperated in
making changes to their banking system. Some people in Turkey blame the IMF for causing the
crisis, but others say the changes being asked of their country are necessary.
Since the crisis, the country has created and enforced many new policies and structural reforms,
enabling a globalized economy to emerge. Over the past decade Turkey has worked hard to
increase the role of the private sector, improve resiliency of the financial sector and build social
security on a stronger foundation. Both the trade exports and tourism sector have each seen a
financial rise of over tens of billions of dollars each.
The Turkish Economy proves to be very strong as it prevails in a recession that has hit many global
economies. Currently, Turkey has seen positive growth for twenty-seven consecutive quarters,
making it one of the fastest growing economies in Europe.
One of the distinctive features that make Turkey such a favorable economy is the booming
population of young people. This growing youth living mainly in urban areas, which differ from
younger populations of emerging markets in Russia, Poland and Hungary. This population carries
a slightly larger disposable income, radical changes in lifestyle and buying habits. This
combination promises for a prosperous retail market, which is heavily unsaturated.
After a recent meeting with the Turkish Confederation of Businessmen and Industrialists, the
IMF’s Turkey Director, Mark Lewis, stated that the elections in June will not pose a threat to the
economy. He also commented that the main threats will come from the outside, from the
uncertainties of markets like the United States and Europe.
United Arab Emirates
The United Arab Emirates economy has been rapidly growing and developing since its
inception in 1972. It consists of 6 member states: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-
Khaimah, Sharjah and Umm al-Quwain. The political system is based on a federation that gives
powers to both the UAE federal government and members emirates. Perhaps the single most
important fact about the UAE’s importance as an emerging market is that its GDP is equal with
those of leading Western European nations. The most important industries for the UAE has been
oil and global finance, however they have been hard in the past years with the trend of falling oil
prices and the collapse of the international banking crisis.
The United Arab Emirates has very high per capita income and enjoys a large
annual trade surplus. In recent years, the quality of education has increased and the government
has increased their spending on infrastructure development. In 2004, the UAE signed a Trade and
Investment Framework agreement with the intention of achieving free trade the United States
but these talks have since stalled. The country offers free trade zones to attract foreign investors
and is known to be welcoming to foreign companies seeking to relocate to the UAE. The
country’s long term challenges are reducing their dependency on oil and inflation over the next
several decades. According to the World Factbook, their long term strategic plan for the next
several years “focuses on diversification and creating more opportunities for nationals through
improved education and increased private sector employment.”
The country’s GDP is $199.8 billion and has grown 2.6% in 2010. The
unemployment rate is relatively low at 2.4% but 19.5% of the population lives below the poverty
line. Indisputably, the UAE’s biggest industry is petroleum, with the country exporting 2.7 million
bbl/day. The government is presently focusing on risk management after its painful recovery
from the global economic crisis that hit its financial sector especially hard. According to Hamad
Buamim, “These new regulations will help the country address concerns regarding commercial
regulations and arbitration, and promote efficiency, transparency and investor confidence in the
business sector.” United Arab Emirates will be an important and valuable emerging market in the
next few years, as its government is committed to opening its market even further.