ABSTRACT
This paper presents a propositional framework for understanding the relationship between tacit knowledge levels and emerging markets’ development to market emergence. The paper first describes tacit knowledge and its compartmentalization, and offers measurement bases. It then identifies the defining factors of emerging markets and proceeds to develop the relationship between tacit knowledge and market emergence. It is posited that higher levels of tacit knowledge development will accelerate the path to market emergence. Implications for policy makers and business leaders are drawn.
Keywords
tacit knowledge, emerging markets