Emerging markets are nations with social or business activity in the process of rapid growth and industrialization.
Currently, there are 28 emerging markets in the world, withthe economies of China and India considered to be by far the two largest.
I was investigating when this term was used by first time, and I found that in the 1970s, "less economically developedcountries" (LEDCs) was the common term for markets that were less "developed" (by objective or subjective measures) than the developed countries such as the United States, Western Europe, and Japan. Thesemarkets were supposed to provide greater potential for profit, but also more risk from various factors.
Originally brought into fashion in the 1980s by then World Bank economist Antoine van Agtmael, theterm 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.
Emphasizing the fluid nature of the category, political scientist Ian Bremmer(is an Americanpolitical scientist specializing in US foreign policy, states in transition, and global political risk.), defines an emerging market as "a country where politics matters at least as much as economics to themarkets".
In the 2008 Emerging Economy Report, the Center for Knowledge Societies defines Emerging Economies as those "regions of the world that are experiencing rapid informationalization underconditions of limited or partial industrialization." It appears that emerging markets lie at the intersection of non-traditional user behavior, the rise of new user groups and community adoption ofproducts and services, and innovations in product technologies and platforms.
The term "rapidly developing economies" is being used to denote emerging markets such as The United Arab Emirates, Chile and...