70. Consider the following countries

1. Brazil

2. Mexico

3. South Africa

According to UNCTAD, which of the above is/are categorized as “Emerging Economies”?

(a) 1 only

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(b) 1 and 3 only

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(d) 1, 2 and 3

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Solution

The correct option is D (d) 1, 2 and 3
(D)
Newly industrialized countries are emerging

markets whose economies have not yet reached first

world status but have, in a macroeconomic sense,

outpaced their developing counterparts.

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