Emerging Markets Essay Example | Topics and Well Written Essays - 2000 words - 2

Emerging Markets - Essay Example While developing economies are usually flooded with emerging markets, the concept is not novel to developed economies. It is these emerging markets, which when successful in the future, become economic giants in the industry (Garten, 1997). The emerging markets need to consider a lot of geographical and economic concerns before setting in a foreign country. They may be small enterprises or large projects. This paper seeks to evaluate the industry of emerging markets in the Latin America, particularly in Mexico, and see how successful it has been over the years. It would also analyze how these emerging markets have affected the economy of Mexico and all related economies. Emerging markets have had positive impacts and some negative setbacks and this paper would state both sides of the picture. Latin America is a developing nation striving to make its make its mark in today’s world and it is the emerging markets in and of Latin America that will one day, help it in doing so. Mexico is one large country that comes under the flag of Latin America.Latin America is an area of approximately 21 million kilometers square, which is 14.1% of the Earth’s land surface. It holds a population of 570 million and there is a lot of diversity of cultures prevalent in the area. Spanish, Portuguese and French are the three most commonly used languages in Latin America. Its GDP is 4.26 trillion United States dollars and the economy is expanding at a relatively decent rate of 4 percent per annum. The population of Mexico is one of the most diverse in the world. It comprises of different ethnic groups, races, creeds and ancestries. The Europeans or the Whites form the largest community of Mexico contributing to over 80 percent of its population. Other than that, Mexico is home to the Mestizos, Amerindians and Mulattos with Blacks, Asians and Zambos