Consider the following countries: 1. Brazil 2. Mexico 3. South Africa According to UNCTAD,
Consider the following countries:
1. Brazil
2. Mexico
3. South Africa According to UNCTAD,
which of the above is/are categorized as “Emerging Economies”?
(a) 1 only (b) 1 and 3 only (c) 2 and 3 only (d) 1, 2 and 3
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(d) Newly industrialized countries are emerging markets whose economies have not yet reached first world status but have, in a macroeconomic sense, outpaced their developing counterparts. The Big Emerging Market (BEM) economies are: Brazil, China, Egypt, India, Indonesia, Mexico, Philippines, Poland, Russia, South Africa, South Korea and Turkey.
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