Difference between revisions of "Emerging Market"
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==Key Stage 4== | ==Key Stage 4== | ||
===Meaning=== | ===Meaning=== | ||
| − | An '''emerging market''' is a [[country]] which is in the process of becoming | + | An '''emerging market''' is a [[country]] which is in the process of becoming an [[MEDC]]. |
''NB: Because exam boards are ridiculous, they can't agree on a single phrase for this concept. As a result AQA terms it an [[NEE|NEE (Newly Emerging Economy)]], Edexcel refers to it as a [[Emerging Country]] and OCR refers to it as an [[EDC|EDC (Emerging and Developing Country)]]. Note that '''Emerging Market''' is the commonly used expression outside of GCSE's so coming up with these other words only serves to confuse students looking for more information on the subject.'' | ''NB: Because exam boards are ridiculous, they can't agree on a single phrase for this concept. As a result AQA terms it an [[NEE|NEE (Newly Emerging Economy)]], Edexcel refers to it as a [[Emerging Country]] and OCR refers to it as an [[EDC|EDC (Emerging and Developing Country)]]. Note that '''Emerging Market''' is the commonly used expression outside of GCSE's so coming up with these other words only serves to confuse students looking for more information on the subject.'' | ||
Revision as of 19:46, 28 June 2019
Key Stage 4
Meaning
An emerging market is a country which is in the process of becoming an MEDC.
NB: Because exam boards are ridiculous, they can't agree on a single phrase for this concept. As a result AQA terms it an NEE (Newly Emerging Economy), Edexcel refers to it as a Emerging Country and OCR refers to it as an EDC (Emerging and Developing Country). Note that Emerging Market is the commonly used expression outside of GCSE's so coming up with these other words only serves to confuse students looking for more information on the subject.