Lucas Blankenship
As of late, most news related to emerging markets has been overwhelmingly negative. China’s economic growth rate is dropping, and Brazil and Russia are mired in economic recession. To make matters worse, the 19 largest emerging economies have seen an outflow of more than $900 billion in investor capital over a thirteen-month period ending in July. Despite all of the negativity surrounding emerging markets, there are indicators that suggest emerging economies will be just fine.
The resiliency of emerging markets has been tested over the last year with the staggering amount of investor capital that has flowed out of these economies. These markets have proven that they can remain relatively stable in a period of economic uncertainty and investor pessimism. Another positive indicator for emerging markets is the future of the middle class. A study by HSBC researchers in 2012 estimated that by 2050, close to 3 billion people will enter into the “middle class” demographic, with the majority being in emerging markets. If this prediction comes to fruition, emerging markets would account for approximately two-thirds of consumption in the global economy. There is no question that many emerging markets are struggling economically at this time; however, it is short-sighted to believe that emerging markets are doomed in the long-run.
Stay tuned to the globalEDGE blog the rest of this week to learn more about emerging markets via our Emerging Markets in Focus blog series. Over the next week, we will discuss the difference between emerging markets and frontier markets, whether South Korea is an emerging market or developed nation, and emerging market resources available on globalEDGE.
Product Model | Inside Diameter | Outside Diameter | Thickness |
CRV10LL/3AS NTN | 6.35 | 15.875 | 11.9 |
CRV8-1LL/3AS NTN | 4.826 | 12.7 | 11.1 |