Emerging Economies
Introduction to Business & Marketing
Emerging Economy
 Economies beginning to participate in more production and
trade
 Increasing strict standards in accounting and securities
regulation
Positive Economic Impacts
 increased availability of low-cost goods and services
 increased trade among countries
 improved standard of living in countries that have increased
trade
Negative Economic Impacts
 increased demand for resources:
 Steel
 Concrete
 Oil
 increased price and decreases availability of those resources
in other countries
Measures/Indicators of Economic Activity
 Productivity: output per worker hour measured over period of time
 Gross Domestic Product (GDP): output of goods & services
produced by labor
 Standard of Living: level of material comfort in terms of products
available to a group of people
 Unemployment Rate: percentage of workforce that is unemployed
at any given date
 Inflation: sustained increase in the general price level of goods and
services in an economy over a period of time
Activity
 Compare the USA, Emerging Country, Developing Country
based on economic factors in a chart
 Looking at measures/indicators of economic activity
Go to the CIA fact book site