TDMT4326 – Developmental models in emerging markets Basic Questions: What are the initial stages of economies in emerging markets. Huntering/gathering Informal Legacy economies How do you classify stuff? Controlled markets Markets with limited control Free markets Why emerging markets are different from normal economies. PEST non-Western model Two thirds of world governments are not free to any extent. Can emerging economies leapfrom into developed state. How developing economies transform? Can a developed economy backslide into undeveloped state?