As such, one can say that rang-ay is poised to further improve its level of efficiency to ensure continuous market leadership during these challenging but equally rewarding times.
The term “emerging countries” was coined by the World Bank more than a quarter of a century ago, but it only started to become popular in the mid1990s. 2 This is hardly a coincidence. Following the debt crises of the 1980s, a number of rapidly developing economies gained, or regained, access to international financial markets.