Focus of the Master Emerging Markets

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Focus of the Online Professional Master in Business in Emerging and Frontier Markets

The Master in International Business (MIB) specialization in Business in Emerging and Frontier Markets taught by EENI Global Business School focuses on analysing for each of these countries...

1. Country Information: how to do business, international trade, investment flows (FDI), transport and logistics, customs, Free Trade Agreements (FTAs), and regional Economic Organizations.

2. Economic Area. Each of these countries tends to be one of the main economies in the economic zone to which it belongs:

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African Economic Area.

The African Economic Area has eleven frontier markets located in several economic areas:

1. West African Economic Area. Nigeria is the largest African economy. Both Ghana and Ivory Coast are two frontier markets and fast-growing economies
2. Central African Economic Area. Angola, the largest regional economic power with huge petroleum resources, is considered an African frontier market
3. Southern African Economic Area. Zambia, the largest copper and cobalt African exporter, is also a frontier market
4. East African Economic Area. There are four frontier markets in East Africa: Ethiopia (headquarters of the African Union), Kenya (the largest regional economy), Uganda (strong economic growth, in particular of information technologies), and Tanzania (gold, coffee, cotton exporter)
5. Maghrebian Economic Area. Both Algeria (half of the African petroleum production) and Morocco (strategic location: Europe-Maghreb- Sub-Saharan Africa) are also considered as frontiers markets

Arab Economic Area.

In the Middle East, Kuwait (significant petroleum reserve and investments abroad) and the United Arab Emirates (with a GDP per capita similar to the European Countries) are considered as frontier markets.

Latin American Economic Area.

In South America, Argentina is considered a frontier market and Chile as an emerging market. In the Andean region, Colombia (the fourth largest Latin American Economy and strong growth in FDI), Ecuador (the eighth largest Latin American Economy, substantial petroleum resources) and Peru (highly consolidated food industry, open towards the Asia-Pacific region) are considered as an emerging markets.

Asian Economic Area.

Three Asian frontier markets and nine emerging markets are analyzed in the Master:

1. Central Eurasian Economic Area: Both Kazakhstan (strategic location between Russia, China, and the India, the Silk Road, substantial petroleum resources) and Pakistan (textile and automotive sectors, regional leader in Central Asia, high political uncertainty) are considered as frontier markets, while Iran (the economic and political leader of Shi’a Islam, opening the process to the West) and Bangladesh (strategic position India-China-ASEAN, important textile sector) are considered as an emerging markets
2. The ASEAN. In the ASEAN region only exist one frontier market: Vietnam (economic reforms, 21st world's largest economy in 2025) and five emerging markets:
   1. The Philippines: one of the world's fastest growing economies in Asia and the only Asian Country with a Catholic majority
   2. Indonesia: the country with the largest Muslim population in the world, one of the largest economies in Southeast Asia
   3. Malaysia: an economy based on the manufactured goods exports and one of the most competitive countries in the world
   4. Singapore: the second most competitive economy in the world, one of the least corrupt countries, large multinational presence
   5. Thailand: an important automotive sector, electronics, appliances, health. Strategic location to access the Greater Mekong and Southeast Asian region
3. Buddhist Economic Area. Furthermore, two countries with Buddhist majorities: South Korea (the thirteenth world's largest economy and fourth in Asia, world leader in shipbuilding, semiconductors, construction, electronics, automotive) and Taiwan (the seventeenth largest economy, third currency reserves in the world, 69% of the Taiwanese GDP is generated by services, stabilization of relations with China) are considered as emerging countries

European Economic Area.

Both Serbia (Orthodox Economic Area, a privileged location between Europe and Asia) and Turkey (Customs Union with the EU, strong industrial production. In 2023, the Turkish agricultural sector will be one of the top five global producers. Access to the Central Asian markets) are considered as an emerging markets. Both countries have requested the access to the EU.

For each of these economic areas the features of each of the nations that comprise it, its economic relations with the other countries of their economic space, as well as the largest economic integration agreement and Organizations will be discussed.

Samples

Master Negocios Internacionales Master en affaires internationales Mestrado em Negócios Internacionais.

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