Developing Country
Description:
Emerging Economy is a term used to describe a nation with low level of material well being. These countries have a gross national income per capita below $11,905. Emerging economies represent the world's largest potential markets, the source of both much of the world's natural and human resources and of major sustainability challenges, and increasingly the home of leading global brands and innovation.
Enablers:
population: The world population is predicted to reach 7 billion by 2012. This will be driven most by developing countries. Most of the world's natural and human resources. These markets are seen as very attractive by developed markets.
Inhibitors:
Some issues pose challenges in emerging economies like massive poverty, weak social capital, significant inequality of access, power and wealth, and weak governance and corruption.
Paradigms:
BRIC: Brazil, Russia, India, China
Hofstede: Power Distance, Individualism, uncertainty avoidance, masculinity, long term orientation
Brazil 69, 38, 76, 49, 65
Russia: 95, 50, 90, 40, 10
India:77, 48, 40, 56, 61
China: 65, 20, 25, 54, 118
Experts:
Timing:
The term emerging markets come from the world bank economist Antoine van Agtmael in 1980.
Web Resources:
http://www.sustainability.com/consultingservices/emergingeconomies.asp
Hofstede Ranking
Power Distance, Individualism, Masculinity, Uncertainty Avoidance, Long-Term Orientation
http://www.cyborlink.com/besite/hofstede.htm