Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 6.11, Problem 37P
Summary Introduction

Interpretation: The world market keeps on changing and some markets are expected to emerge stronger than others. Identify such markets for the next 20 years. Enumerate reasons as to why Africa is not one of such markets.

Concept Introduction:World markets have been classified into three categories viz: developed, emerging and frontier. A developedeconomy is stable, regulated and has high economic growth indices.

The markets which are not yet, fully in this category but are in the process of becoming a developed market in the near future are the emerging markets.

Frontier markets include countries which are also developing, but are yet to reach the ‘emerging ststus’ by virtue of risk, liquidity, size etc.

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