The Big Picture: The Emerging Markets Paradox
Author: The editor's desk
April 16, 2019
Three of the top 10 economies in the world are considered emerging markets – Brazil, China and India. How can that be? One of the defining characteristics of a developing nation is its average income as calculated by the size of its economy divided by its population (GDP per capita income). The size of their populations translate into low per capita income, much lower than the world’s largest economy – the United States.
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