What is an Emerging Market?

An emerging market generally refers to a developing market economy with low-to-middle per capita income. Countries in this category are usually undertaking a process of economic development and reform. The vast majority of countries in the world fall into this category.  An important feature of most emerging markets is that they are in the process of moving from closed economies to more open economies. As part of this process, emerging countries generally experience rapid growth in both local and foreign investment. For foreign investors the emerging market is an opportunity to expand its production and revenue. From the perspective of the emerging market it gains access to new employment opportunities, transfers of skills and technology and a source of economic growth.

In the last decade many developing countries have been adjusting their economies through economic reform policies to attract a greater share of global foreign investment.  The impact of these reforms on both domestic markets and consumers are significant. In recent years the fastest-growing countries such as Brazil, China, India and Russia have attracted the most foreign investment, followed by promising emerging markets such as Egypt, Ghana, Mexico, Poland, South Africa, South Korea, and Turkey. While increased foreign investment bring much needed jobs to the emerging markets, local firms that previously faced little competition are now forced to compete with the international firms that take advantage of relatively low investment costs. These business developments have created germane grounds for conducting research with respect to emerging markets.

Purpose of the Centre

The purpose of the Centre for Emerging Markets to generate and disseminate knowledge to global audiences through research, dialogue and teaching on issues relating to emerging markets.

Mission

To promote research of international standing and knowledge translation in Emerging Markets.

Vision

To have the globally recognized Centre for Emerging Markets that understands business practices in emerging markets in terms of sources of competitiveness, dynamics of politics, economy and technology, and that facilitates the exchange of ideas and experiences between scholars and managers through practicing the philosophy of respect, diversity, and inclusiveness.

Associated Professors with the Centre

Dr. Satyendra Singh, Professor and Director

Dr. Ilan Alon, Professor, USA

Dr. Kwaku Appiah-Adu, Professor, Ghana

Dr. Peter Lewa, Professor, Kenya

Dr. Eric Wang, Associate Professor, Canada

Dr. Rahul Singh, Associate Professor, India

Dr. Sushanta Mallick, Senior Lecturer, England

Dr. Nixon Muganda, Lecturer, South Africa

Dr. John Branch, Lecturer, USA

Connie Arnhold, Secretary (tel: 786-9039)

Yury Eskin, Research Assistant

Jenna Buckley, Research Assistant