Title: (Optional) Explain the positive and negative effects of emerging economies on the global market.
Course: Principles of Business and Marketing (12051-36) > Section: Understanding the Role of Economics in a Global Economy

Explanation should include

- examples of emerging economies, identifying the type of economic system for each
- a description of positive economic effects (e.g., increased availability of low-cost goods and services, increased trade among countries, improved standard of living in countries that have increased trade)
- a description of negative economic effects (e.g., increased demand for resources such as steel, concrete, and oil, which increases price and decreases availability of those resources in other countries).