What are emerging economies and why have such economies

Anonymous
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Question description

Hello,

I am a 19 year old student studying International Business and for an assignment for school we have to answer a certain question; but I am stuck on the answer. They gave us a small piece of a Bloomberg article as well.

‘Exports from emerging market economies have finally started to rise, potentially helping to dispel a little of the gloom enveloping discussions of global trade’

Question: Explain what is meant here by the term ‘emerging economies’ and why have such economies become more important in understanding global trade in the contemporary global economy?

I would honestly be really grateful and appreciative if I could be pushed into the right direction on how to solve a question like this?

Thank you very much for reading this!


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