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  1. Differentiate between advanced economies, developing economies and emerging markets. Provide examples of each. 
  2. Describe the various risks and challenges encountered in emerging markets.
  3. Undertaking new ventures in emerging markets can be daunting for a company, what types of business approaches can a company use to minimize risk when undertaking business in emerging markets? 
  4. Explain what a family conglomerate is; use examples from around the world. How could a family conglomerate help or hinder breaking into a new market in an emerging economy?
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Advanced economies, developing economies and emerging markets are differentiated on the basis of per capital income and level of economic development. Developed economies are the one that are the most advanced and developed on the economical scale. These economies have high level of per capital income and include nations 

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