The global economy is currently is the throes of a great transformation in economic structure, power, and influence.
The economies that have been commonly called "emerging markets" appear to have finally "emerged," and are coming into their own in terms of their contributions to global economic and financial activity, the international corporate landscape, and even the shape of the international financial system.
As they redefine the international economy, it has become ever more important for us to grasp what this phenomenon engenders, both for the major developing economies at the forefront of this change, as well as for those---especially the least developed economies---that remain at the periphery. Continue..
As they redefine the international economy, it has become ever more important for us to grasp what this phenomenon engenders, both for the major developing economies at the forefront of this change, as well as for those---especially the least developed economies---that remain at the periphery. Continue..
Source: World Bank
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