SGMA 591 Lecture Notes - Lecture 10: Harvard Business Publishing, Capital Market, Capital Accumulation

• School: University of Calgary
• Department: Strategy and Global Management
• Course: SGMA 591
• Professor: Ayesha Malhotra

Document Summary

Low income, rapid-growth countires using economic liberalization as their primary engine of growth (hosikisson et al,. Ems are characterized by institiutional voices (khanna & palepu, 2010: winning in emerging markets, harvard business press: capital, labour, and product markets are not well developed. Buyers and sellers face relatively high transaction costs: absence of institutions and institutional intermediaries to support the functioning of markets. Note: even developed markets have institutional weaknesses: higher levels of risk and uncertainty. Openness: ems not as open and transparent makes doing business a challenge. Capital market: how well do the capital markets work, how well developed in the banking system, how good are accounting standards. Large and rapidly growing markets: gdp growth, von agtmael: emerging markets century. Platforms for innovation: new technologies come out of these economies. Global gdp growth at 2. 9% (world bank) Local: need local solutions; lower market buying power than global segment and emerging middle class segments.