Emerging Economies as Growth Drivers

2018 ◽  
Author(s):  
Mahesh K. Joshi ◽  
J.R. Klein
Keyword(s):  
Emerging Markets ◽  
Emerging Economies ◽  
Joint Venture ◽  
Raw Materials ◽  
Low Cost ◽  
Sole Source ◽  
Advanced Economies ◽  
Physical Infrastructure ◽  
The World ◽  
Normative Economic

The role of emerging markets is changing in the twenty-first century, from the traditional provider of low-cost, labor-intensive goods to a global growth engine. These emerging economies are growing at double the rate of advanced economies because of technology and global connectivity. Traditionally they have been big exporters of commodities and raw materials to the rest of the world. The export of commodities has contributed significantly to the development of industrial and physical infrastructure in many countries around the world. However, emerging markets are also lucrative markets and an important source of growth for many international companies as they export their products or increase their presence in these markets by opening subsidiaries or through joint venture mechanisms. Today these markets are coming into their own, moving from sole source exporters feeding the world’s growth to becoming increasingly significant normative economic members of the global family.

scholarly journals Commodity price pass-through along the pricing chain

2021 ◽  
Author(s):  
Rebeca Jiménez-Rodríguez ◽  
Amalia Morales-Zumaquero
Keyword(s):  
Emerging Economies ◽  
Raw Materials ◽  
Commodity Prices ◽  
Commodity Price ◽  
Emerging Countries ◽  
Consumer Prices ◽  
Advanced Economies ◽  
The World ◽  
Producer Prices ◽  
Pass Through

AbstractThis paper analyses the commodity price pass-through along the pricing chain for the global commodity price index and the indices of its main categories (i.e., agricultural raw materials, food and beverages, energy and metals) in the world, advanced and emerging economies. To do so, the study considers country-by-country vector autoregression models and pool the results by taking weighted means for 18 advanced economies and 19 emerging countries, as well as for the world (defined as the sum of advanced and emerging economies). The results show the following: (i) there is evidence in favour of partial pass-through from commodity prices to producer prices, although the evidence for the pass-through to consumer prices is less evident; (ii) the pass-through in the world seems to be led by both advanced and emerging countries for producer prices and only by advanced economies for consumer prices; (iii) higher prices in the four categories (agricultural raw materials only in the short-run) induce significant higher producer prices in almost all cases, with shocks in the prices of energy and metals showing the largest effects; and (iv) energy prices explain the highest variability of producer and consumer prices.

scholarly journals Voltammetric Evaluation of Diclofenac Tablets Samples through Carbon Black-Based Electrodes

2019 ◽  
Vol 12 (2) ◽  
pp. 83 ◽  
Author(s):  
Carlos Eduardo Peixoto da Cunha ◽  
Edson Silvio Batista Rodrigues ◽  
Morgana Fernandes Alecrim ◽  
Douglas Vieira Thomaz ◽  
Isaac Yves Lopes Macêdo ◽  
...  
Keyword(s):  
Carbon Black ◽  
Raw Materials ◽  
Low Cost ◽  
Good Recovery ◽  
Electroanalytical Methods ◽  
Graphite Electrodes ◽  
Pharmaceutical Samples ◽  
Analytical Potential ◽  
The World ◽  
Interesting Alternative

Diclofenac (DIC) is a non-steroidal anti-inflammatory drug of wide use around the world. Electroanalytical methods display a high analytical potential for application in pharmaceutical samples but the drawbacks concerning electrode fouling and reproducibility are of major concern. Henceforth, the aim of this work was to propose the use of alternative low-cost carbon black (CB) and ionic liquid (IL) matrix to modify the surface of pencil graphite electrodes (PGE) in order to quantify DIC in raw materials, intermediates, and final products, as well as in stability assays of tablets. The proposed method using CB+IL/PGE displayed good recovery (99.4%) as well as limits of detection (LOD) of 0.08 µmol L-1 and limits of quantification (LOQ) of 0.28 µmol L−1. CB+IL/PGE response was five times greater than the unmodified PGE. CB+IL-PGE stands as an interesting alternative for DIC assessment in different pharmaceutical samples.

scholarly journals Vistara: Aiming for the Sky

2020 ◽  
Vol 9 (1) ◽  
pp. 138-147
Author(s):  
Amit Mittal ◽  
Sahil Gupta
Keyword(s):  
Market Share ◽  
Joint Venture ◽  
Low Cost ◽  
External Factors ◽  
Political Environment ◽  
Fuel Prices ◽  
Low Cost Carriers ◽  
The World ◽  
To Come ◽  
The Times

Vistara—a joint venture between Tata Sons (India) and Singapore Airlines (Singapore)—is a full-service private airline in India that launched operations in January 2015. The airline has been growing at a steady pace and has already won a number of awards, but going forward it shall have a number of challenges to confront, especially on how to increase its market share in an industry dominated by low-cost carriers and prone to uncertainties emerging from external factors beyond its control (e.g., fuel prices and an uncertain political environment). To further complicate issues, Indian aviation, despite being among the fastest growing aviation markets across the world, is still making heavy losses. For Vistara, a lot is at stake considering that the airline is backed by two major reputable organizations. In the times to come, the airline will have to learn how to navigate the complex aviation environment and seeks ways to live up to its name, which means limitless expanse.

scholarly journals Communications Between Organizations and Their Markets in Emerging Economies: a Research Agenda

2010 ◽  
Vol 1 (1) ◽  
pp. 51-67 ◽  
Author(s):  
Don E. Schultz
Keyword(s):  
Emerging Markets ◽  
Emerging Economies ◽  
Research Agenda ◽  
Delivery Systems ◽  
Marketing Communications ◽  
Academic Publishing ◽  
Academic Journals ◽  
Consumer Behaviors ◽  
New Information ◽  
The World

Most marketing, and particularly marketing communications concepts and approaches, have been developed and codified in western economies. Academicians and professionals have then tried to export those concepts to emerging markets, often with little success. In this paper, we argue many of those concepts are not applicable or relevant for the emerging economies around the world. Yet, due to the constrained and controlled nature of academic publishing, little new information has been developed or distributed on the differences and needs of scholars and professionals in emerging economies. This paper suggests a new marketing communications research agenda for emerging economies based on four specific areas: (1) consumers and consumer behaviors, (2) brands and branding, (3) communication content and context and (4) emerging communication delivery systems. The authors encourage editors of academic journals to recognize the need and be more open to emerging economy research and papers.

scholarly journals Comparison Of Patterns Of Convergence Among “Emerging Markets” Of Central Europe, Eastern Europe And Central Asia

2015 ◽  
Vol 18 (1) ◽  
pp. 5-23 ◽  
Author(s):  
Joanna Poznańska ◽  
Kazimierz Poznański
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Emerging Markets ◽  
Eastern Europe ◽  
Emerging Economies ◽  
Central And Eastern Europe ◽  
The Other ◽  
Catching Up ◽  
Advanced Economies ◽  
Growth Indicators

Based on analysis of economic growth indicators for 1989-2014, this article distinguishes the “emerging markets” of Central and Eastern Europe (with Russia included), from the other economies that fall in the broad ‘emerging markets’ category. Following the post–1989 reforms, the countries of the region share many of the same typical institutional features as other “emerging economies”, but not necessarily the associated economic outcomes. What characterizes “emerging economies” is that they grow fast enough to systematically close the distance dividing them from the advanced economies, creating convergence. Departing from this pattern, Central and Eastern Europe (and Russia) have so far fallen short in terms of the growth rates, and the region as a whole has not made much progress in catching up. By more than doubling its national product Poland is the only notable exception in the region, although Slovenia may fit in the same category. At the other extreme, some of the economies actually lost two decades in terms of reducing the gaps, and some even fell further behind (e.g., Serbia, Ukraine). These findings have potentially serious implications for economic theory in general and for the presumption that globalization processes act as a unifying developmental force.

scholarly journals Economic Fluctuations in Sub-Saharan Africa

2018 ◽  
Vol 18 (40) ◽  
Author(s):  
Giovanni Melina ◽  
Rafael Portillo
Keyword(s):  
Business Cycle ◽  
Emerging Markets ◽  
Sub Saharan Africa ◽  
Macroeconomic Volatility ◽  
Business Cycle Fluctuations ◽  
Advanced Economies ◽  
The World ◽  
Sub Saharan ◽  
Macro Variables ◽  
Ssa Countries

We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii) inflation and output tend to be negatively correlated; (iii) unlike advanced economies and emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of consumption and investment relative to GDP is larger than in other countries; (v) the cyclicality of consumption and investment is smaller than in advanced economies and EMs; (vi) there is little comovement between consumption and investment; (vii) consumption and investment are strongly positively correlated with imports.

Introduction to Managing in Emerging Markets

2018 ◽  
pp. 2-34 ◽  
Author(s):  
Klaus E. Meyer ◽  
Robert Grosse
Keyword(s):  
Emerging Markets ◽  
International Business ◽  
Emerging Economies ◽  
Research Agenda ◽  
Research Field ◽  
Scholarly Research ◽  
Advanced Economies ◽  
Key Players ◽  
Economic Trends ◽  
Institutional Aspects

This chapter sets the stage for this Handbook by defining the research field of managing in emerging markets. It first discusses the features that normally distinguish emerging economies from the advanced economies of the Triad, including both economic and institutional aspects of development. Second, the chapter reviews alternative definitions of the term in use in scholarly research, and thus the pivotal question: When should a country be considered “emerging”? Third, it presents data on key economic trends that have to led to emerging economies becoming key players in international business, both as a host to inward traders and investors and, more recently, as a source of indigenous businesses that make their mark internationally. The chapter also provides an overview of each chapter in this Handbook within the broader research agenda on managing in emerging markets.

scholarly journals TEN TRANSFORM EMERGENCY NOW! - FACING COVID 19 WITH OPEN AND FRUGAL INNOVATION

2021 ◽  
Vol 1 ◽  
pp. 2971-2980
Author(s):  
Clio Dosi ◽  
Nicolò Cocchi ◽  
Matteo Vignoli
Keyword(s):  
Process Design ◽  
Raw Materials ◽  
Innovation Management ◽  
Low Cost ◽  
Management Approach ◽  
Rapid Testing ◽  
Frugal Innovation ◽  
Organizational Perspective ◽  
The World ◽  
The University

AbstractAgainst a pandemic, speed is crucial, and open innovation (OI) helps to empower the human capital distributed around the world to tackle the disease and to launch rapid testing of possible solutions. This article aims at showing an OI program - called “TEN” Transform Emergency Now! - ideated and developed by the University of Bologna to identify, design, and implement useful solutions to tackle specific issues coming from pandemics. With an action research-innovation management approach, the University developed two iterations to identify what elements to take into account to define a program that works for this effort. In TEN, Frugal Innovation (FI) principles were injected in a 10 days hackathon to favor the use of locally available resources and raw materials and exclude non-essential features. Results show that Frugality can become an element of OI by (1) pushing the team towards basic functionality and minimal features of the solutions and low-cost implementation. (2) Designing, in parallel with the solution, an ‘implementation network’, with a specific process design and program's organizational perspective. We believe that TEN has the potential to be an OI approach designed for emergencies.

scholarly journals Elaboration of porous gehlenite and anorthite based ceramics using low price raw materials

Cerâmica ◽  
2016 ◽  
Vol 62 (363) ◽  
pp. 242-248 ◽  
Author(s):  
F. Zenikheri ◽  
A. Harabi ◽  
B. Boudaira ◽  
F. Bouzerara ◽  
A. Guechi ◽  
...  
Keyword(s):  
Pore Size ◽  
Raw Materials ◽  
Low Cost ◽  
Average Pore Size ◽  
Porous Ceramics ◽  
World Market ◽  
Average Pore ◽  
Quality Cost ◽  
The World ◽  
Co2 Release

Abstract Porous ceramics of good quality cost a lot in the world market, which has limited their use in developing countries. This is why this work was mainly devoted to prepare low-cost and good quality ceramics, using kaolin (DD2 type) and calcite (CaCO3) available in abundance in Algeria. Based on previous results, 28 wt% CaCO3 ceramic was selected. The presence of CaCO3 favors to achieve porous samples characterized by a high percentage of porosity due to the CO2 release and CaO formation during its calcination at about 700 °C. The choice of these raw materials is based on their natural abundance (low price). It has been found that the samples had interesting characteristics: average pore size between 2.87 and 6.50 μm and porosity between 53 and 57%. It has also been found that the manufactured membrane supports are mainly constituted of gehlenite and anorthite phases. Moreover, the pore size distribution was mono-modal type. The surface and cross-section morphologies observed through a scanning electron microscope were also homogeneous and do not present any possible macro-defects (cracks, etc.).

Why is labour receiving a smaller share of global income?*

2019 ◽  
Vol 34 (100) ◽  
pp. 723-759 ◽  
Author(s):  
Mai Chi Dao ◽  
Mitali Das ◽  
Zsoka Koczan
Keyword(s):  
Emerging Markets ◽  
Emerging Economies ◽  
Technological Progress ◽  
Downward Trend ◽  
Trade Theory ◽  
Capital Deepening ◽  
Labour Share ◽  
Advanced Economies

Abstract The labour share of income has been on a downward trend in both advanced and emerging economies. Declining labour shares in emerging economies, though less pronounced, present an important puzzle as they contradict the predictions of classical trade theory. This paper presents a stylized mechanism to reconcile these findings, at the centre of which is routinization, that is, the automation of labour in occupations highly exposed to substitution by computer capital. We assemble a novel dataset and introduce a new measure of the exposure to routinization to analyse the drivers of falling labour shares. While technological progress and exposure to routinization explain over half the overall decline in advanced economies, in emerging markets, the globalization of trade and the accompanying capital deepening are the most significant driver, with technological progress and routinization playing a negligible role.

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