This website uses cookies to ensure you have the best experience. Learn more

The Necessities Of An Emerging Market And Economic Environment

870 words - 3 pages

The main purpose of this correspondence is to acquaint you with some ideas which when implemented will help to achieve optimum transformation of the nation’s domestic market. It is my belief that in order to achieve an effective transition into the emerging markets, these rules should be implemented. Firstly, there is a need for to minimize costs and maximize benefits, which will be realized through market capitalization. Secondly, industries should be deregulated where the government does not set binding rules in the market. Thirdly, the privatization of state enterprises refers to enterprises that are not publicly owned by the state or national government. Finally, there is a need for the globalization of international market which gives the nation greater advantage in its economies of scale.
Presently, our country has progressed from a closed to an open market economy and has gotten more market-oriented. This transition or the transitional move in addition to the fact that our nation has a low-to-middle per capita income has positioned us in the emerging markets category of the world economy. As an emerging economy, the country should now embark on an economic reform program that will lead to a stronger and more responsible performance level, as well as transparency and efficiency in the capital market. Besides implementing reforms, our emerging economy should also receive additional aid and guidance from large donor countries and world organizations such as the World Bank and International Monetary Fund.
In market capitalization, production is privately owned and operated for a profit. This profit creates an incentive for workers to perform better, more efficiently and earn more. Similarly, the owner also experiences a mutual profit. In this sequence there is a direct result for employees and employers. As you can see market capitalization introduces more flexibility for employers and more job security for workers. Consequently employment and investment increase which add another element to the development of the nation.
Another element in market capitalization is that it helps achieve rapid economic growth by promoting development of industries and to export their output. This export-led development will improve agricultural practices to industries, which may be a better means of achieving economic success. In doing so will encourage industrialization, like so firms become more efficient which can create great benefits at low cost.
I firmly believe that market capitalization brings high productivity, prosperity and more purchasing power for everyone as a whole. However, I do not believe that import replacement is the best approach to develop our industries in the view of the fact that some industries may not be as efficient as needed. As a result import replacement leads consumers to pay higher prices or higher taxes.
In...

Find Another Essay On The necessities of an emerging market and economic environment

The Necessities of Animal Experimentation Essay

1315 words - 5 pages The Necessities of Animal Experimentation Throughout my paper, I felt as though I was able to give a solid and fair representation of the opposing viewpoint on issue of animal testing. However, it was challenging because I strongly oppose animal testing. The rhetorical analysis played a role in this, because I was required to use the various rhetorical appeals to compose a strong argument. Using the appeals definitely helped in trying

Whatís an Emerging Market Economy? Essay

1085 words - 5 pages nations. Tapering will result in a fall in global dollar liquidity which could damage those emerging market economies who are heavily reliant on external financing of their current account deficits or those with domestic weaknesses. This could result in an outflow of foreign capital in the short term which would push their exchange rates lower and in turn lower the inflationary expectations. This would subsequently reduce economic activity and

COMPARING THE PERSISTENCY OF DIFFERENT FREQUENCIES OF STOCK RETURNS VOLATILITY IN AN EMERGING MARKET: A CASE STUDY OF PAKISTAN

2718 words - 11 pages market reacts too actively to economic shocks but these reaction take place on daily basis and die away within a month. High frequency data series is considered to be the most volatile series than the low frequencies of data. As Chang (2006) investigated the mean reversion behavior of different series of data and concluded that the daily, weekly, and monthly returns are negatively auto correlated in both the short and the long term and mean

What are the four functions of an economic system? Contrast the way in which the market economy and planned economy attempt to solve the economic problem

981 words - 4 pages The four functions of an economic system are what to produce, how much to produce, how to produce and whom to distribute to.The market economy is one that is controlled by the people and there is little government intervention. It is also known as a free enterprise economy.The planned economy is one that is controlled by the government and there is a lot of government intervention into the way in which the economy runs.They both try and solve

The Housing Market as an Economic Indicator

2259 words - 9 pages decline of the housing market which can act as a deterrent to growth and can cause a ripple effect in the rest of the economy. The housing market is an excellent economic indicator, and with historical perspective reflects cycles of growth and decline. While the market has been in a decline current figures suggest that existing home sales are on the rise and new building permits may be headed in the same direction.ReferencesColander, D.C., (2004

Economic Policy and the Global Environment

1437 words - 6 pages Untitled Economic Policy and the Global Environment Pre-Course Assignment BCS12 Class A Student ID: 09139397 LUO SHENG Lecturer: Mr. Rodney Sim Question 1 "The price of gold has increased from less than US$700 per ounce in 2007 to more than US$1,000 per ounce in 2009." Discuss and explain with graphical illustrations, how the following events will lead to changes in the

Emerging International Issues Within The Business Environment

914 words - 4 pages SummaryIn order for companies to stay competitive in the global marketplace they need to understand the issues and differences in the international business environment. As businesses become more international they are faced with challenges such as cultural, legal, political, and economic differences within the countries they operate in. However, there are a few key emerging issues within the international business environment that go beyond the

Economic Environment of Sweden

911 words - 4 pages Every country has its own Economic environment which can be affected by any number of compounding factors. A Courtiers region, natural resources, government, and even its predisposition to war can shape its Economy. In this paper, we look at how these factors can play a major role in creating Economic prosperity in a country. The Kingdome of Sweden or as it’s commonly known, Sweden, Is as Scandinavian Country located in the upper most part of

An Analysis of Emerging Adults

1340 words - 6 pages internet work against this young age group in maturing these four domains. The trends, pressures, and stereotypes set my popular culture warp the development of emerging adults in a negative direction. The society we live in today is addicted to the false sense of realism set by popular culture. From movies to magazines emerging adults are fed an unhealthy expectation of what they should look like physically and are contrastingly given a plethora of

Accounting in an Emerging Country - The Case of Bangladesh

8276 words - 33 pages work and being driven by the urge as an accounting student always put up with on. I worked on as an emerging country how Bangladesh deals with accounting and highly focus on the development of accounting in Bangladesh. I have prepared this report with the best feasible way as well as have tried to make it as sound as possible. Hence, I would like to take this opportunity to request you to kindly go through the report and scrutinize how far I have

The Relationship Between Gastronomy Tourism and How it Affects the Economic Environment of Tourism Destinations

1063 words - 5 pages In recent years, the rise in gastronomic tourism reflects major economic transformation in major tourism destinations. Gastronomy has become an important attribute to the development of niche travel and tourism destinations. Culinary or gastronomy tourism entails travel based in part or around culinary activities such as visiting the farmers markets, culinary festivals, eating tours, chef demonstrations, cooking classes, wine-country retreats

Similar Essays

An Analysis Of The Emerging Bond Market

1841 words - 7 pages research with reference to the Russian 1998 bond default and the East Asian economic crises of 1997 has shown that despite the considerable amount of public attention received by the emerging bond market, it still comes with its ups and downs.Despite cautionary warning from market analysts about the reliability of the emerging bond market, The market has proved to be quite popular with a substantial amount of institutional investors across the

The Environment And Economy: An Emerging Balance In China

1286 words - 5 pages predicted “China’s economic miracle” would soon come to an end because the environment could “no longer keep peace” (6). The report conveyed that industrial and commercial pollution were responsible for an equivalent of $64 billion in damage across China, accounting for 3.05% of the year’s GDP (6). Complementary to Pan’s report, one of China’s premier environmental officials, Zhou Shengxian, also released a report identifying the ramifications of

The Environment And Economy: An Emerging Balance In China

2557 words - 10 pages “China’s economic miracle” would soon come to an end because the environment could “no longer keep peace” (6). The report conveyed that industrial and commercial pollution were responsible for an equivalent of $64 billion in damage across China, accounting for 3.05% of the year’s GDP (6). Complementary to Pan’s report, one of China’s premier environmental officials, Zhou Shengxian, also released a report identifying the ramifications of “51,000

The Devaluation Of Necessities Essay

1513 words - 7 pages understanding of the major universal idea: the relation appertaining to the detrimental influences of fortune, characterized by the wealth. In the novel, wealth is greatly valued by society, and wealth has a negative impact on individuals. Fitzgerald has elaborated in depth with this universal idea of the devaluation of necessities of life such as time, relationships, and dignity, which he emphasizes using various literary elements such as character