Definition of emerging markets Essay:
In terms of Purchasing Power Parity, the Indian economy is the third largest in the world. Some reasons why this will be possible for India, ii an open society, public higher education skilled labor force proficient in English and computers.
Considering that India was a colonized country only six decades ago, such a grow only be termed phenomenal. Not so long ago India, in Western perceptions, was seen as a land of snake charmers and bullock carts. It was the IT boom which transformed India an overnight.
IT giants like Infosys, Wipro Satyam, etc. The affluence generated by the growth swelled the Indian middle class which began to consume more products and services leading to an economic boom.
Indian companies began to acquire foreign assets, with Tata snapping up Corus, Land Rover and Jaguar which was quite unheard of in the history of Indian corporate Dom.
Several months after the global economic meltdown began, the investment bank, Nomura Group, declared that Indian companies are among the worlds healthiest.
At present, India is ranked No. This is because India has less toxic assets. Toxic assets are financial assets, the value of which has fallen heavily. It is therefore difficult to sell them off as there is no longer a market for them. India is also among the top nations having least toxic debt.
Her pluralist, secular democracy has given room for deprived castes and ethnic communities to grow. Economic liberalization also opened the floodgates to massive investments. India has a vast pool of skilled labor, abundant natural resources and is the biggest exporter of software services and workers.
Signing the historic nuclear deal with the US was a shot in the arm. Excellent roads, rail networks and air connectivity have revolutionized the transportation sector.
India is also a major space power.Third World Debt Essay Since the fall of the Berlin wall in , some consider the expression third world out-of-date.
It was used in the past to describe countries that did not belong to the Soviet bloc or to the Western European and U.S. capitalist bloc.
Emerging markets are also regarded as third world countries, according to Carusgil, Ghauri and Agarwal () World Bank's definition of third world countries are countries with GNP per capita of less than $7, which includes countries of Asia with an exception of Japan.
Exploitation of Women in the Developing World The modern world today is proud to recognize the equality that has been acknowledged between age, gender, and race.
Women are beginning to be treated as equals with men, in new customs, lifestyle, society, and economy. The Indian economy is the second fastest growing major economy in the world.
In terms of Purchasing Power Parity, the Indian economy is the third largest in the world. Its gross domestic product is US $ trillion. In , economist at Goldman Sachs had predicted that by the economies of the BRIC (Brazil, Russia [ ].
The Emerging Third World US Essay Sample In the global perspective, the United States of America is commonly viewed as one of the most powerful and influential nation in the global society in almost aspect of living and government functions. As the world's largest democracy prepares to go to the polls, we've invited five people from India, the US and the UK who have expertise on economics, women's rights, youth movements, disability.