ARBUS301 Study Guide - Midterm Guide: Emerging Markets, Global Value Chain, Trade Bloc
16 Oct 2011
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Document Summary
China has the highest r&d spending from 2004 -2007. China is already the biggest market for mobile phones, televisions and cars(2007) China and india will together contain 123 million middle class households, and they. India is the biggest market for gold and clothing(2007) have the largest global labor force. Market liberalization of india & china and fall of the soviet union inject 2. 5b people into the global economy. The cagr of consumer spending of b6 (6 largest emerging economies) especially china is growth rapidly (economic growth in emerging markets) The number of emerging-market based multinationals has mushroomed over the past decade (china: 3 20, south korea: 12/62) Emerging markets accounted for half of the global economy in 2009 and is growing. Emerging markets attract a larger share of fdi than developed markets, and drive an increasing share of outward investment flows. There are a lot more university-educated young professionals in the developing countries than in the developed countries.
