Category: Markets
Fastest growing Economy
Economic growth is measured by certain parameters. These parameters include expenditure on food, housing, power, fuel, and transport and communications. Investments in education and medical facilities are important indicators of economic development. Economic growth is also dependent on population size, available labor force, fertility and mortality rates, per capita income and expenditure, regional growth, and literacy. All these parameters constitute social indicators of development (SID) based on which world economies are rated.
Emerging Markets
The Emerging Markets was a term coined by World Bank economist Antoine W. van Agtmael in 1981 in reference to nations undergoing rapid economic growth and industrialization. The term is often used interchangeably with ’emerging and developing economies’.
Europe and Central Asia Economy
The World Bank has classified the economies of the world on the basis of income.The groups made are as follows:
- Lower Income Economies
- Lower Middle Income Economies
- Upper Middle Income Economies
- High Income Economies
Global Economic Trends
The term global economic trends mean the way most of the world economy is behaving in a recent period of time within a set of well defined parameters. Global economy or the world economy is largely centred around a few large or developed economies of the world, namely the USA, UK, France, Germany and Japan, some newly emerging economies of the world such as India, China and some South East Asian economies and certain pockets of Latin America like Brazil, Mexico and Argentina.
Global Economic Growth
The Global Competitiveness Report 2006-07 prepared by the World Economic Forum (WEF) in collaboration with its top research institutes and business organizations has shown the Scandinavian countries like Finland and Sweden to be doing exceedingly well along with Switzerland in terms of improving its global competitiveness. It has once again emphasized the long accepted fact that sound macroeconomic policies along with high standards of education and emphasis on technology and innovation can work wonders for a country in achieving high levels of growth.
