Big Emerging Markets –Vital or Destructive to the U.S.?

             Throughout this paper I will examine the importance of the Big Emerging Markets, the risks and rewards related to them, as well as, the political, humanitarian, and environmental issues facing the U.S. in dealing with these countries.
             The Big Emerging Markets are currently Mexico, Brazil, Argentina, South Africa, Poland, Turkey, India, Indonesia, China, and South Korea. These countries have been classified as the Big Ten because of a number of important traits, such as;
             · Physical size of the countries
             · Demand for a wide range of products
             · World's fastest expanding markets, and responsible for major contributions of the world's explosive growth of trade.
             · Their individual country's importance within their respectively regions
             · Their participation in major political, economical, and social changes throughout the world
             · Each focus to open its economy, balance its budget, and sell off its state companies.
             First of all, if most nations continue to open their economies to trade, and if the BEMs continue their trend of sound economic policies, then the Big Ten will grow two to three times as fast as the United states and other major industrialized countries over the next decade.
             Second, if the growth of U.S. exports continues at its current pace, the BEMs will account for the absorption of $1trillion in incremental American exports between 1990 and 2010.
             Third, hundreds of millions of people in the BEMs are now entering the middle class because of their growing GDP/capita, and the necessity for billions of dollars of imports to build transportation vehicles, telecommunication equipment, and everyday goods for the common man is being realized.
             Fourth, not only will the BEMs provide an enormous market for American products, but they will also supply an extraordinary number of productive, low-paid workers to the world market.
             Fifth, the size and the po...

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Big Emerging Markets –Vital or Destructive to the U.S.?. (1969, December 31). In MegaEssays.com. Retrieved 12:51, May 08, 2024, from https://www.megaessays.com/viewpaper/78876.html