Brazil, Russia, India, China, and South Africa.
five nations with influential, emerging economies
They have problems with their economies.
High unemployment rates is the major problem challenging many African nations today. Which has resulted in a number of social problems, since Africa has a large youthful population.
India is currently ranked number 4 in the fastest growing economies in the world.
Many societies in developing countries are currently in a transition phase from agrarian to industrial economies. Countries such as India, China, and various African nations are experiencing rapid industrialization and urbanization as they shift from agricultural-based economies to manufacturing and service-based industries.
i believe its because there was more sophisticated economies and established relationships thru out the west so they became dominant of the trade network.
all economies today are actually (mixed)
Why might developed economies want to outsource manufacturing and other jobs to developing economies?
poverty is always higest in countries with market economies
poverty is always higest in countries with market economies
The discovery of oil affected the economies of the Middle East greatly. Since the world needs so much oil to function as it currently does, the Middle East found itself with a very important and very necessary commodity.