Growth and Development in Emerging Market Economies: International Private Capital Flows, Financial Markets and Globalization

The transition from developing to developed economies by many countries has proved to be the driving force of decade long global economic growth. A group of countries were termed as ‘Emerging Market Economies (EME)’ on the back of their emerging capabilities in terms of economic growth, advancement in technologies and integration with global economy and trade. These emerging countries are able to restructure their economies to suit their advantage and integrate themselves in the global market. The title of EME is shared by some 50 countries representing from Asia, Europe, Latin America and Africa.