Introduction
An emerging market is characterized by low to middle per capita income, the economy in transition, economic reforms, and liberalization and globalization. Emerging market economies are also referred as fast growing economies. Russia, India, China, Brazil, East European countries are examples of some of the emerging market economies. Around 80% of the world, population live in such countries, and their share in the world economies constitute 20%. Emerging economies are often referred as transitional, meaning thereby that they have started to open up their markets. The open market economies are being promoted in place of closed economies. They strive Continue reading...