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Author:Siddiqi, M.
Title:The birth of a new star?
Journal:African Business
1998 : JUN, 233, p. 28-31
Index terms:AFRICA
MARKETS
GROWTH
Language:eng
Abstract:What is an emerging market? The most commonly accepted definition is offered by The World Bank. Based on GDP per capita income, it identifies an emerging market as one where per capita income falls below $8,626 p/a. In these terms, where can more emerging markets be found than in Africa? With economic liberalisation spreading across the globe, emerging markets' share of world stock market capitalisation has risen from 3.7% in 1985 to 12.7% in 1996 and is expected to increase substantially over the next decades.
SCIMA record nr: 178229
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