
Emerging MarketsThe term emerging markets is used to describe a nation's social, or business activity in the process of rapid industrialization. The term "rapidly growing economy" is now being used to denote emerging markets.Contents1 Terminology2 List of countries3 See also4 References5 More Readings//TerminologyOriginally brought into fashion in the 1980s by then World Bank economist Antoine van Agtmael,[1] the term is sometimes loosely used as a replacement for emerging economies, but really signifies a business phenomenon that is not fully described by or constrained to geography or economic strength; such countries are considered to be in a transitional phase between developing and developed status. Examples of emerging markets include China,[2] India, Pakistan, Mexico, Brazil [3], Chile, Argentina, Peru, much of Southeast Asia, countries in Eastern Europe, the Middle East, parts of Africa and Latin America. Emphasizing the fluid nature of the category, political scientist Ian Bremmer defines an emerging market as "a country where politics matters at least as much as economics to the markets."[4]The research on emerging markets is diffused within management literature. While researchers including C. K. Prahalad, George Haley, Hernando De Soto, Usha Haley, and several professors from Harvard Business School and Yale School of Management have described activity in countries such as India and China, how a market emerges is little understood.
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