emerging countries

Apa Style. 2 peer reviewed references. 350 words.

As the emerging markets in developing countries gain global influence and power, do you believe that the current developed countries will be able to maintain their competitive edge?
What do you think needs to be changed with the developed countries economic policies to maintain their current role or to become more competitive?
By 2050, who do you feel will be the global leader with regards to economic power and the GDP?

It just needs to have 2 peer reviewed references.

Answer preview
The currently developed countries will still be able to keep up with the competitive edge from the emerging markets in developing countries. This is because, despite the unprecedented pressure the emerging markets will be putting, the developed countries companies are still better placed to prosper. The large multinational companies are better set when it comes to capitalization because of their well-developed infrastructure and large capital base (Korinek, 2018). They are also very creative and have come up with ways of dealing with infrastructure challenges such as poor roads. The brands of goods and services which they offer serve the needs of the low-income consumers hence their market is always expanding…

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emerging countries

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emerging countries