The Impact Of Global Market On The Global Economy

Introduction In the competitive market place companies are finding that they have to not only compete in their local economy but in the global economy as well. This not only makes them susceptible to what’s taking place in their local economies but to what happens in the global economy as well. This not only effects the smaller companies but it effects the well know larger companies as well. Normally it is the smaller unknown companies that are most effected by the global market movements and they end up going out of business. However in this growing global economy the movements of the global market, now it affects all companies no matter what the size or popularity of the company. The global economy has no preference as to what size companies it effects. In todays global market place it is safe to say that it has no preference as to which size company it builds up or breaks down. This has caused most companies to be more diversified and not to count on one or two products or brand names t o keep them profitable and their doors open no matter how the global markets move (Merricks, 2010). In 1980, an economist named Antoine Van Agtmael introduced the term emerging markets . Today almost 30 years later the phrase still sticks (Merricks, 2010). Peng, (2014) describes emerging markets as, â€Å"a label that defines fast-growing developing economies since the 1990s. 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