Where are emerging markets mostly found? What are the factors contributing to their rapid growth?
What will be an ideal response?
Emerging markets are found in East and South Asia, Eastern Europe, Latin America, and a few Africa and the Middle East. Perhaps their most distinguishing characteristic is rapidly improving living standards and a growing middle class with rising economic aspirations. As a result, they have become very attractive destinations for exports, FDI, and global sourcing.
Emerging markets possess numerous advantages that have fostered their rise. The presence of low-cost labor, knowledge workers, government support, low-cost capital, and powerful, highly networked conglomerates have helped make these countries formidable challengers in the global marketplace.
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When you were born, your parents opened an investment account in your name and deposited $1,500 into the account. The account has earned an average annual rate of return of 5.3 percent. Today, the account is valued at $42,856. How old are you?
a. 71.47 years b. 70.67 years c. 61.08 years d. 67.33 years e. 64.91 years
The maximin criterion results in the:
A) minimum of the maximum payoffs. B) maximum of the maximum payoffs. C) maximum of the minimum payoffs. D) minimum of the minimum payoffs.