Economic Development Workshop (Scenario) Members of 50 different countries attended a workshop on economic development hosted by an international organization based in Geneva, Switzerland. Attendees of the workshop learned about techniques designed to assist countries in expanding their degree of economic development. Which of the following is TRUE about emerging market economies in international business?
a. These markets have evolved from manufacturing economies toservice-based economies.
b. They account for nearly two-thirds of world GDP and host theworld's largest MNEs.
c. They have tremendous purchasing power with minimal restrictions on international trade and investment.
d. Businesses in emerging markets are important targets formachinery, equipment, and technology sales.