Emerging Markets

Question 1

What is trade?

Answer 1

Trade is the flow of goods and services between producers and consumers around the world

Question 2

Describe treated links in each country

Answer 2

Each country achieves a balance of trade which is the difference between a total cost of all imports and the value of its exports

as a result of this some countries have a trade surplus mean they export more than they import and others will have a trade deficit

Question 3

Define newly industrialising countries

Answer 3

Countries which are developing and are experiencing rapid industrial economic growth

Question 4

What is an emerging market?

Answer 4

Emerging market is described as being a country that is some of the characteristics of an MEDC, but does not mean all the criteria

It is a country that is progressing towards MEDC status

Question 5

Name the five BRICS countries

Answer 5

Brazil
Russia
India
China
South Africa

These countries are the five main emerging markets

Question 6

What is a mint country?

Answer 6

Mexico,
Indonesia
Nigeria
Turkey

Term was first used to note the economic and financial growth

Question 9

What is the difference between a BRICS country and MINT country?

Answer 9

The BRICS countries are a self-contained group
They have an economic and political agenda

The mint countries are just a group of like-minded countries without a central organisation to combine them

Question 10

Controversies with emerging markets

Answer 10

Turkey, China and Russia are not known for good record in a human rights. This is sometimes seen as being a major road block for further development.

Some of the countries have struggled with corruption issues in the past