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Emerging markets play a significant role in the global economic balance. They represent a large portion of the world's population and economic output. These countries are experiencing rapid economic growth and industrialization, contributing to the global economy. Furthermore, emerging market economies are projected to grow faster than developed economies, indicating their increasing influence and importance in the global economic balance.
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According to a financial services company, Charles Schwab Corporation, emerging markets are countries undergoing rapid economic growth and industrialization. These countries, Charles Schwab website states, make up 59% of the world's population and 40% of the world's economic output. Also, it's worth mentioning that per the April 2019 International Monetary Fund (IMF) estimate, emerging market economies are expected to grow faster than developed economies, at 4.8% in 2020, compared to 3.6% for their developed peers.
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Where to find new opportunities in an ever more competitive market? Use our Emerging Markets presentation to inspire expansion at the global level and...
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