Please, help me understand the term
Dears,

Could you help me understand what does DMs mean in the following statement?

"This process will not be uniform globally – in DMs, we expect steel companies to seek business combinations as a major source for capacity curtailment; in China, we think supply rationalisation will be primarily regulation-driven."

Question

Please, help me understand the term
Dears,

Could you help me understand what does DMs mean in the following statement?

"This process will not be uniform globally – in DMs, we expect steel companies to seek business combinations as a major source for capacity curtailment; in China, we think supply rationalisation will be primarily regulation-driven."

Answer

I've found a thread from a couple of years ago, on the same text - if this text was given to you by your school/university, why did they not include a proper glossary?

So, a DM is a developed market. A developing market is a GM.  This is the explanation given in the book, "Scarcity and Growth Reconsidered", edited by V. Kerry Smith.

Answer

It means "developed markets".  These are countries where the economy and markets are efficient, open and transparent. Dow Jones and Standard and Poor's , for example, have each issued a list of what they consider to be "developed markets".

The sentence is badly written.  It may be more clearly written as: "This process is different in different countries.  In developed markets, we expect steel production capacity to be reduced through company mergers.  In China, it will be done by government orders."

Answer

developing (aka emerging) markets?

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