The Big Emerging Markets are currently Mexico, Brazil, Argentina, South Africa, Poland, Turkey, India, Indonesia, China, and South Korea. These countries have been classified as the Big Ten because of a number of important traits, such as;

· Demand for a wide range of products

· World's fastest expanding markets, and responsible for major contributions of the world's explosive growth of trade.

· Their individual country's importance within their respectively regions

· Their participation in major political, economical, and social changes throughout the world

· Each focus to open its economy, balance its budget, and sell off its state companies.

First of all, if most nations continue to open their economies to trade, and if the BEMs continue their trend of sound economic policies, then the Big Ten will grow two to three times as fast as the United states and other major industrial

Another example of where the rule of law is lacking is the widespread corruption that exists in virtually every BEM. It is often difficult to do business in any of these countries without bribing someone. In addition, as the flood of new businesses and the competition increases to enter these new markets, corruption might increase.

Political, humanitarian, and environmental issues in the BEMs

As the U.S. exporting to the BEMs are increasing 2-3 times as fast as to the rest of the world, the importing from the these are increasing at the same pace, and the benefits for the United States are enormous. It results in lower costs and greater variety in products, and creates essential competition for U.S. automobile companies, U.S. aircraft manufacturers, as well as, in U.S. banking services. In addition, most American companies that export are also major importers. They are competitive in large part because they have sourced the best components from all around the world, including from the BEMs.

Second, if the growth of U.S. exports continues at its current pace, the BEMs will account for the absorption of $1trillion in incremental American exports between 1990 and 2010.

Another issue facing the world is of environmental nature. Within the next 25 years, the world's population is projected to grow by 40 percent, whereas most of this growth will take place in the Global South, but more specifically, the BEMs. Because of their size, their growing industrialization, and the urgency of business expansion and job creation, most BEMs have barely begun to put in place effective environmental programs. They do not have the funds, the skilled management, or the "luxury" of dealing with environmental issues at their stage of development. Seen from a trade related aspect, this could have major effects on the trade between the BEMs and the Western countries. Why should Western countries, with imposed environmental regulations, pay a premium for producing one good and BEMs not?

As previously mentioned, experts are forecasting an increase of 1 billion workers entering the workplace in the next ten years. Most of these people are working for less than $10 a day, compared to most of their counterparts in the United States, who will earn closer to $100 a day. As this huge amount of people enters the global arena and the Western society does not have an antidote to the BEMs competitive labor market, a huge disruptive change will face American manufacturers and service companies labor forces. Even though, seen from a log-term perspective, compensation in low-wage countries will rise as workers there becomes more productive, there will be severe disruptions along the way, and the "long-term" could be far off in the context of the men and women currently in the American workforce. Furthermore, since Western countries are transferring the latest technology and management techniques to the BEMs as they build factories and pursue joint ventures, they are immensely increasing productivity and efficiency.

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Approximate Pages = 11 (250 words per page double spaced)