The emerging markets are challenging developed countries by producing innovative business services and products, for less cost than western nations. Countries including: Kenya, Indonesia, Jordan, Nigeria and Sri Lanka, have emerged as up-and-coming investment hubs.
However, there are a number of obstacles that these countries must overcome in order to keep up with their more developed counterparts. Global real estate portal Lamudi explores the challenges facing the emerging markets.
The bigger economic capitals draw the majority of the talent, as they have greater recognition around the world, but in the emerging markets there are a number of benefits for businesses. Think cheaper rent, or less competition than many Western countries. Smaller markets offer higher growth potential, with less competition. For these reasons, companies are setting up in emerging markets, and spending time and resources developing local and international talent.
Smaller cities are rising to the challenge by working to invest in their own education and training to narrow the skills gap. Irbid, Jordan’s third most populous city, is home to a number of universities, including Yarmouk University, the Jordan University of Science and Technology, …read more
Read more here:: What Are The Biggest Obstacles Facing The Emerging Markets ?