We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Recent Economic Developments Essay

Sorry, but copying text is forbidden on this website!

The world is currently experiencing a dramatic change in the economy with the emerging forces in the world s most rapidly developing nations. These nations have the greatest market share in the global perspective and are a serious threat to established world corporations (Agtmael 2007). Most of the companies in the emerging economies have combined their production trends with information technology, which is encouraging innovation and creativity. Currently there are hundreds of companies from the emerging market that are global competitors.

The most notable as described earlier are the Chinese and the Indians; scholars have ascertained that if the current trend in their development is not affected in a negative way, then by the year 2050, China and India would be among the three topmost powerful economies of the world (Marber 2008). Economic analyses have found that the leading companies from the emerging economies are growing at a very fast rate estimated at about 25% per year and more than 29% of their revenue is collected from foreign market, this is expected to grow up to 40% by 2010.

Conclusion The social and economic changes in the world have been very critical in determining the economies of the nations. The development of the world financial market has lasted for over a century with different states changing their positions in the system. Bureaucratization is the notable early development of economic policies that saw increased collection of taxes in old empires and eventually enhanced the states ability to borrow money further increasing bureaucracy.

We will write a custom essay sample on Recent Economic Developments specifically for you

Order now

Major phenomena that stimulated economic development were agriculture and capitalist economy, but the recent and significant of them was the industrialization which has intensely revolutionized economy.


Agtmael A. (2007). The Emerging Markets Century. How a new Breed Of World-class Companies is Overtaking the World. Free Press. Drori G. S, Meyer J. W and Hwang H. (2006). Globalization and Organizational Change.

Oxford University Press. IFM (2003). World economic Outlook. Public Debt in Emerging Markets. International Monetary fund. Kahn H. (1979). World Economic Development. 1979 and Beyond. Taylor and Francis. Marber P. (2008) From Third World to Third Class. The Future of Emerging Markets in the Global Economy. Perseus Books. Staley E. (2008). World Economic Development. Efffects on Advanced Industrial Countries. International Labour Office.

How to cite this page

Choose cite format:

Recent Economic Developments. (2017, Jan 12). Retrieved from http://huseyinzadealituran.com/recent-economic-developments-essay

We will write a custom essay sample onRecent Economic Developmentsspecifically for you

Our customer support team is available Monday-Friday 9am-5pm EST. If you contact us after hours, we'll get back to you in 24 hours or less.

By clicking "Send Message", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
No results found for “ image
Try Our service

Hi, I am Sara from Studymoose

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out http://goo.gl/CYf83b


Hi, I am Sara from Studymoose

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out http://goo.gl/CYf83b


Your Answer is very helpful for Us
Thank you a lot!