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Emerging Economies
The term “emerging economies” is developed by Antonie, Ban Acblemgl of international finance corporation of the bank 1981. According to him, the emerging economies are defined as:

“Developing economy with low to middle per capita income which has undertaken economic reforms on the market oriented lines and have begun to emerge as significant plays in the global economies. Such economies constitute approximately 80% of the global population.”

The term emerging economies are generally used distinguished which are growing economically very fast as compared to those economies which are stagnant and have no potential growth. In 1980’s four East Asian economies reformed impressive economic growth and they declared as Asian Tigers. There fast economic growth facilitated them to catch up with advanced economies. Their economies were named as newly industrialized economies. But their size and population were so small that they couldn’t bring any substantial impact on the world’s economy. Moreover, speculating attack in 1997 on the currencies of Asian Tigers jolted (push and shake) there economies and all gains achieved during 1980’s and 1990’s were wiped out within a few months. Since then these economies lost attraction for researchers and investors. Since 1980 some countries are restricted their economies and introduced policies which led them to fast economic growth. This was a new phenomenon in the history of world economy. In order to distinguished wrong developed, undeveloped and emerging market economies a new term in emerging economies was developed by the economist to measure the economic growth of their economic countries. Interestingly, the most of the emerging economies are those which are most populous (area that is full of residents, crowded) and about them economist has dismal (gloomy) views.

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