According to recent research conducted by United Kingdom’s Trade and Investment body, there has been an emergence of new international markets. Different countries have been identified as having the potential of controlling the future international market. Some of these states include the United Arab Emirates, Vietnam, and the BRIC states. Numerous demographic, political, economic, and cultural factors have led to these countries being viewed as having the potential of controlling international trade in the near future. This paper aims at analyzing these factors.
Over the past few years, the economy of the UAE has been found to be in steady and vibrant growth. The country’s gross domestic product has significantly increased. In addition, the country has embarked on diversifying its economy through the identification of varied potential investment opportunities. Despite the country investing in natural gas and petroleum, it is currently embarking on the utilization of artificial sources of energy. With time, the country is increasingly importing manufactured goods, transportation facilities, and machinery.
This makes it a potential market for people intending to invest in these fields. In diversifying its economy, the country is currently investing in areas such as tourism and international finance. This poses great opportunities to people that intend to invest in the hospitality and financial sectors. On the other hand, Vietnam has been found to be in the process of integrating its economy into that of the world. With the country leading in the export of agricultural products, it has increasingly attracted potential investors from Southeastern Asia.
A forecast conducted by PricewaterhouseCoopers indicated that the economic growth of the country is expected to shoot in the near future overtaking that of the most developed states. Vietnamese dong has been found to trade well with the United States Dollar. As market conditions change, the rate of exchanging the dollar against the dong also adjusts. This makes the country favorable for investors from different parts of the world.
Basically, BRIC is a term used to refer to the big four countries which include China, Russia, Brazil, and India. The economies of the four countries have been found to grow rapidly with that of China expected to overtake Germany’s economic growth in the near future. By 2050, it is expected that the four countries will have more than 200 million people with a stable source of income. This implies that these people will be able to trade in different varieties of products hence making the countries potential international markets for investors.