Managing Large Projects In Emerging Markets
The term, Emerging Market, was coined by IFC's Antoine W van Agtmael in 1981. World Bank defines an Emerging Market Economy (EME) as an economy with low-to-middle per capita income. EME countries comprise approximately 80 per cent of the global population, and represent about 20 per cent of the world's economies. These countries include big or small economies with low or high growth rates. Countries like India and China, which are growing at fast rates, are included in EMEs since they are still in the process of economic reforms and are emerging into the global economy.