The aim of this special issue is to foster discussion on the various interrelationships between economic growth at national and international levels as well as international trade. True to the focus of the journal, the issue will emphasise the implications that trade policy exerts on economic growth and vice versa, as well as the role of national governments, international organisations and the business community on related issues of worldwide concern.
With the increasingly rapid change of the social, demographical and technological dimensions of business, compounded by the continuous economic and financial woes of the world, many firms have been less inclined to drive improvement in revenues in favour of cost-cutting. The problem with this action is that it does not necessary confer sustainable competitive advantage. To grow the top line, it is increasingly important to find new sources of growth.
One way for companies to do so is to identify markets that are growing or about to grow at breakneck speed. These fast-expanding markets, or FEMs, pertain to a broad range of maturities within existing markets and are not exclusive occurrences of emerging economies, but can be found through the layers of any productive endeavour, market size and industry, in any geographic location of the world.
Arguably, there are many markets that initially show a great deal of growth potential but which are unable to sustain significant growth over a longer horizon. Therefore, a broad and generic definition of FEMs can be markets with a growth of 15% every year for at least three years. While this definition is not necessarily generally accepted, it should provide an idea of the magnitude of growth to the contributors of this special issue. The guest editors believe that these markets will serve as a source of the growth in the next decade, and as an opportunity to forecast how the productive landscape is profiling, looking at a more sustained value proposition, coupled with a rapid pace of development, as is not the case with most traditional markets.
The purpose of this special issue is not to speculate where the fast-expanding markets will be; rather it is to provide an evidence-based prediction of where these rapidly expanding markets will likely be, with the ultimate goals of sparking debates and examining their implications to practitioners.
Suitable topics include but are not limited to:
- Green/sustainability technology
- New product development with great social and economic impact (e.g. 3-dimensional printing)
- Emergence of mid-size cities and new regions
- Leadership and product development of family businesses
- New configurations of business models (s olution-based pharmaceutical offerings)
- Relationship between FEMs and general economic indicators of growth
- Cluster formation and impact on the development of/within FEMs
- Wealth distribution and PPP in FEMs
- Macroeconomic policy and government role in the development of FEMs
- Strategic, financial and organisational issues of firms operating in FEMs
- Relationship between complex endeavours and FEMs
Submission of manuscripts: 1 February, 2013
Notification of authors: 1 March, 2013
Final versions due: 15 April, 2013