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
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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Production and Operations Analysis, Seventh Edition
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