Economic Development Workshop (Scenario)
Members of 50 different countries attended a workshop on economic development hosted by an international organization based in Geneva, Switzerland. Attendees of the workshop learned about techniques designed to assist countries in expanding their degree of economic development.
-Which of the following is TRUE about emerging market economies in international business?
A) They account for nearly two-thirds of world GDP and host the world's largest MNEs.
B) They have tremendous purchasing power with minimal restrictions on international trade and investment.
C) These markets have evolved from manufacturing economies to service-based economies.
D) Businesses in emerging markets are important targets for machinery, equipment, and technology sales.

Question

Quizplus · Accepted Answer

Emerging market economies are often in a phase of rapid industrialization and may not yet have fully developed their service sectors, making them prime targets for sales of machinery, equipment, and technology that can help in their development process. Choices A, B, and C contain inaccuracies regarding the characteristics of emerging market economies.