Book Description:
Emerging markets are countries that are restructuring their economies along market-oriented lines and offer a wealth of opportunities in trade, technology transfers, and foreign direct investment. According to the World Bank, the five biggest emerging markets are China, India, Indonesia, Brazil and Russia. Other countries that are also considered as emerging markets include Mexico, Argentina, South Africa, Poland, Turkey, and South Korea. Emerging markets stand out due to four major characteristics. First, they are regional economic powerhouses with large populations, large resource bases, and large markets. Second, they are transitional societies that are undertaking domestic economic and political reforms. Third, they are the world's fastest growing economies, contributing to a great deal of the world's explosive growth of trade. Fourth, they are critical participants in the world's major political, economic, and social affairs.

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Table of Contents:
Preface

New Trend for Emerging Markets: The Reform and Development in China;pp. 1-29
(Li Xiaoxi, Lin Yongsheng, Liu Yimeng, Institute of Economic and Resources Management, Beijing Normal University, Bejing, China)

Key Factors in Conflict Resolution in Strategic Alliances between Spanish and Moroccan Companies;pp. 31-55
(M. Victoria Lopez-Perez, M. Elena Gómez-Miranda, Lázaro Rodriguez-Ariza, Houda Benghazi Akhlaki, University of Granada, Spain, and others)

Reexamining Covariance Risk Dynamics in Global Stock Markets using Quantile Regression Analysis;pp. 57-80
(Ming-Yuan Leon Li, Department of Accountancy and Graduate Institute of Finance and Banking, National Cheng Kung University, Taiwan)

Product Architecture as a Driver of Breakthrough Strategy: The Case of Chinese Carmakers;pp. 81-94
(Hua Wang, Chris Kimble, Euromed Management, Marseille, France)

Industrial Cluster in Emerging Economy: Automotive Cluster in Thailand;pp. 95-108
(Jomphong Mongkhonvanit, Siam University, Bangkok, Thailand)

Market Integration and Investor Protections in Emerging Markets;pp. 109-122
(Steven L. Beach, Department of Accounting, Finance, and Business Law, Radford University, Radford, Virginia)

Opportunities in Infrastructure Investments in CEE: A Focus on Health Care Provisions based on PPP;pp. 123-127
(Hans Unterdorfer, Roland Staudinger, Susanne Perkhofer, Department for Human and Economic Sciences, UMIT Health and Life Sciences University Hall, Tyrol, Austria, and others)

Trade and Economy in Emerging Markets;pp. 129-170
(Rajagopal, ITESM, Mexico City, Mexico)*

Under What Conditions Can Inflation Targeting be Adopted? The Experience of Emerging Markets;pp. 171-194
(Nicoletta Batíni, Douglas Laxton, Internacional Monetary Fund, Washington, DC)*

Index