The concept of “emerging economies” is dense and varied, from an economic perspective; the world's nations are divided into two major groups: developed countries and developing countries also called Third World. Additional observations of the most dynamic and better integrated into the globalized economy that are called “emerging economies” and are part of all countries in the developing world. The concept of emergence has made a great contribution to development theory. The real purpose of developing nations is converging on those developed, but the task is arduous and may extend over tens or hundreds of years. In most cases, we note that many countries continue to be classified as developing countries, and then they have nothing to envy the most advanced countries in Europe and America. Strong classification of developing nations is therefore essential to take account of reality. With this in mind, so conspicuous and shameless we studied specifically “emerging economies” This study allowed us to conduct a comparative analysis of these so-called emerging economies on the basis of their fundamentals (history) and assess their no convergence towards the developed nations.

We have characterized the emergence of countries following the evolution of certain macroeconomic indicators and constructing a composite index of economic emergence named ISEME2008 combining variables such previously constructed index of real GDP, index Exports, investment index, tested on a sample of 73 countries from Africa, America, Asia and Europe during the period 1980-2008. We got a new ranking of countries according to whether they are post-emergent, emergent, emerging pre-and ante-emerging and we tested the robustness of the ISEME2008 to identify countries that may have escaped the trap of under- development. We have also shown a set of development indicators and analyzed the correlations between the ISEME2008 and those indicators of development and regression of ISEME2008 on development indices to characterize the development from the emergence of nations. We obtained as a result there was a positive relationship between economic emergence and development. We also showed how such a study would be crucial for economic policy makers from African countries and especially sub-Saharan Africa.

References:

Aghion, Philippe & Howitt, Peter, (1992). A Model of Growth through Creative Destruction, Econometrica, Econometric Society, vol. 60(2), pages 323-51;

Artus P. (2008). Le dilemme des pays émergents à croissance forte, Natixis, F lash, No. 192;

Walt W. Rostow (1960). les étapes du développement économique, Seuil, Paris.

Keywords: Economic growth; Sustainable development; Convergence of nations; Takeoff

Biography: Miss Sylvie TCHANA, Engineer Statistician Economist, with a Masters in Mathematics Option Mathematics Applied to Social Science from University of Yaounde 1, Cameroon. A completed an internship at Cabinet-CONSULTING IMANEX for three months. She has started to address the theme: Development and Emerging Economies, very rewarding subject that allowed him to study the prospects for convergence of poor nations to the rich.