A country lacking infrastructure and industrial base that has a population with a low standard of living due to low incomes and abundant poverty is best known as a EMERGING MARKETS.
An Emerging Market Economy: What Is It?
An economy of a developing country that is expanding and becoming increasingly integrated with international markets is known as an emerging market economy. Countries possessing some but not all of a developed market's features are categorized as emerging market economies.
Strong economic development, high per capita income, liquid equities and debt markets, accessibility to foreign investors, and a stable regulatory structure are some traits of developed markets.
An emerging market economy often integrates more into the global economy as it grows. This implies that it may result in higher trade volume, foreign direct investment, and increased liquidity in the local debt and equity markets. It can create cutting-edge regulatory and financial entities.
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