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Emerging Markets - “the Engine” of World Economy

Author

Listed:
  • Parpandel Denisa - Elena

    () (”Constantin Brâncoveanu” University of Piteºti, Faculty of Management Marketing in Economic Affairs, Rm. Vâlcea)

  • Gheordunescu Maria Elena

    () (”Constantin Brâncoveanu” University of Piteºti, Faculty of Management Marketing in Economic Affairs, Rm. Vâlcea)

  • Gust Marius

    () (”Constantin Brâncoveanu” University of Piteºti, Faculty of Management Marketing in Economic Affairs, Rm. Vâlcea)

Abstract

This paper presents some particularities of emerging markets that appear and develop as a result of growth and development tendency of international financial market. Excluding the option of remaining with the status of a “tired” economy, emerging markets had to react in the only way they could be rational, joining the global market. According to the quarterly report prepared by Ernst & Young - Rapid - Growth Markets Forecast (RGMF) the global economic recovery will be achieved through investments in infrastructure programs, especially in Asia, as well as increasing demand from the domestic consumers, which will lead to the balance of the pretty sensitive external environment, and emerging market economies will grow, most likely, by 5.6% in 2013.

Suggested Citation

  • Parpandel Denisa - Elena & Gheordunescu Maria Elena & Gust Marius, 2013. "Emerging Markets - “the Engine” of World Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 595-600, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:595-600
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    emerging markets; world economy; development; growth;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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