The challenges are complex, unprecedented and urgent. None can be met without international collaboration. All, at different times in different places, but mostly in the 19th and 20th centuries, have been addressed if not successfully, at least partially, by today’s high income countries whose developed if imperfect economic, social and political systems have raised productivity, and incomes, improved health, education and social care and created relatively advanced civilizations.
With 50% of the world’s people and nearly half its economy, emerging markets expect to be increasingly powerful actors on the world stage. But in varying degrees, their prospects for sustained growth, social cohesion and political stability are menaced by: eroding competitive advantages; environmental degradation, depletion and destruction; corruption and other weaknesses in national, local and corporate governance; and unresolved issues of human welfare associated with urbanization, population ageing, nutrition, health, housing, employment, social care and the coordination of action within governments and between governments, businesses and civil societies.
Challenges to emerging markets range from creating and sustaining economic environments that promote and enable growth, to contending with their physical environments, to managing the determinants of human welfare. Many of these challenges were addressed by today’s rich countries as they developed economic, social and political systems that improved productivity, incomes, health, education and social care in the 19th and 20th centuries. Those countries have not finished the job. Their economic systems remain vulnerable, their social systems remain fragile and their political systems remain skittish. As emerging markets grapple with demographic, economic, geopolitical, cultural and technological change, they must address similar issues but must do so on vastly larger scales on highly compressed schedules and with relatively fewer human, fiscal and financial resources, poorer infrastructure and weaker institutions.
Thanks,
I didn't find the right solution from the internet.
The challenges are complex, unprecedented and urgent. None can be met without international collaboration. All, at different times in different places, but mostly in the 19th and 20th centuries, have been addressed if not successfully, at least partially, by today’s high income countries whose developed if imperfect economic, social and political systems have raised productivity, and incomes, improved health, education and social care and created relatively advanced civilizations.
With 50% of the world’s people and nearly half its economy, emerging markets expect to be increasingly powerful actors on the world stage. But in varying degrees, their prospects for sustained growth, social cohesion and political stability are menaced by: eroding competitive advantages; environmental degradation, depletion and destruction; corruption and other weaknesses in national, local and corporate governance; and unresolved issues of human welfare associated with urbanization, population ageing, nutrition, health, housing, employment, social care and the coordination of action within governments and between governments, businesses and civil societies.
Challenges to emerging markets range from creating and sustaining economic environments that promote and enable growth, to contending with their physical environments, to managing the determinants of human welfare. Many of these challenges were addressed by today’s rich countries as they developed economic, social and political systems that improved productivity, incomes, health, education and social care in the 19th and 20th centuries. Those countries have not finished the job. Their economic systems remain vulnerable, their social systems remain fragile and their political systems remain skittish. As emerging markets grapple with demographic, economic, geopolitical, cultural and technological change, they must address similar issues but must do so on vastly larger scales on highly compressed schedules and with relatively fewer human, fiscal and financial resources, poorer infrastructure and weaker institutions.
Thanks,
I didn't find the right solution from the internet.