Title: (Optional) Explain the positive and negative effects of emerging economies on the global market.
Course: Principles of Business and Marketing (12051-36) > Section: Understanding the Role of Economics in a Global Economy

Explanation should include

- examples of emerging economies, identifying the type of economic system for each
- a description of positive economic effects (e.g., increased availability of low-cost goods and services, increased trade among countries, improved standard of living in countries that have increased trade)
- a description of negative economic effects (e.g., increased demand for resources such as steel, concrete, and oil, which increases price and decreases availability of those resources in other countries).

Process/Skill Questions:

- What happens to create an emerging economic system?
- What countries have emerging economic systems?
- What is the effects of an emerging economy on business within the particular country?
- Why might citizens with an emerging economic system want to return to the control of their previous command economic system?
- What is globalization?
- What are the positive and negative effects of globalization on emerging nations?
- What is the difference between an emerging nation and a developing nation?