EMERGING MARKETS

Abstract: Focuses on the United States government's policy on the Big Emerging Markets (BEM), which include the Chinese Economic Area, South Korea, Indonesia, India, South Africa, Poland, Turkey, Mexico, Brazil and Argentina. BEMs' investment on infrastructure projects; BEM's share of global gross domestic product; Projected increases in world imports; Lessons learned from the BEM strategy. THE BIG EMERGING MARKETS During his tenure as Under Secretary of Commerce, the author was one of the architects of …

…World Trade Organization was set up that requires developing countries to adhere to all the rules--on lowering tariffs, reducing trade-blocking regulations, enforcing patent laws, treating foreign investors fairly--or face serious penalties. Turkey Accelerated privatization program Eased foreign investment restrictions Reduced import charges/fees Poland Eased foreign investment restrictions Liberalized foreign exchange rules Reformed social welfare system Bibliography Source: Columbia Journal of World Business, Summer96, Vol. 31 Issue 2, p6, 26p, 3 charts, 11 graphs Author(s): Garten, Jeffrey E.