The term “emerging markets” was first introduced in early 1980s by World Bank economist Antoine van Agtmael. Although commonly used these days, its definition and list of nations are not exactly the same among institutions.
Below are some examples of definitions.
International Monetary Fund (IMF): Global Financial Stability Report (September 2004)Developing countries’ financial markets that are less than fully developed, but are nonetheless broadly accessible to foreign investors
Yale university library: Social Science Libraries and Information ServicesBig Emerging Market (BEM) economies are Brazil, China, Egypt, India, Indonesia, Mexico, Poland, Russia, South Africa, South Korea and Turkey
MSCI EM Index by Morgan Stanley Capital InternationalThe MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. As of June 2009 the MSCI Emerging Markets Index consisted of the following 22 emerging market country indices.
Brazil
Chile
China
Colombia
Czech Republic
Egypt
Hungary
India
Indonesia
Israel
South Korea
Malaysia
Mexico
Morocco
Peru
Philippines
Poland
Russia
South Africa
Taiwan
Thailand
Turkey
Worldwide locations of emerging markets and developed markets
GDP Ranking| Ranking | Country | GDP in 2009 (Billion US$) |
|---|---|---|
| 3 | China | 4, 757, 74 |
| 8 | Brazil | 1, 481, 55 |
| 11 | Russia | 1, 254, 65 |
| 12 | India | 1, 242, 64 |
| 14 | Mexico | 866, 336 |
| 15 | Korea | 800, 294 |
| 17 | Turkey | 593, 533 |
| 18 | Indonesia | 514, 931 |
| 21 | Poland | 422, 965 |
| 26 | Taiwan | 357, 344 |
| 32 | South Africa | 277, 379 |
| 33 | Thailand | 266, 434 |
| 35 | Colombia | 228, 614 |
| 39 | Israel | 215, 727 |
| 41 | Malaysia | 207, 35 |
| 42 | Czech Republic | 189, 669 |
| 43 | Egypt | 187, 956 |
| 48 | Philippines | 158, 702 |
| 49 | Chile | 150, 361 |
| 51 | Peru | 127, 368 |
| 52 | Hungary | 124, 241 |
| 60 | Morocco | 90, 775 | Source: International Monetary Fund, 2009, 12 |
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